Settings8H · net · $10k
Funding arb · Price arb /

4STOCK

all 4STOCK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.15 per $10,000 · paid last 24h −0.003%
Price spread now: BloFin against Bybit+0.295%7-day average +0.062% · you sell dearer than you buy
Net, funding: paid 7d − costs−$256as in the Funding arb table
Net, price: spread back to 7d avg − costs−$232as in the Price arb table
costs, in and out, $10k−$2562.555% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.008%−$1 on $10k
Price spread, last 4 days (all we have)−0.948%−$95 · spread now +0.295%, 7d avg +0.062%
Together, before fees−0.956%−$96 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.233% dearer against Bybit than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.062%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit 4STOCKUSDT0.010160.0558pay 0.0279% / 4h1h 33m$2.3M$6.2M10x
ShortBloFin 4STOCK-USDT0.010190.0589get 0.0295% / 4h1h 33m$119K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bybit. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$6.5
Price spread: +0.295% → +0.062%
$23.28
Slippage, 4 orders
−$232.53
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$225.75
Costs to cover
2.555%
Break-even
250.0 days
Slippage from Bybit: live order book, 5 min ago; BloFin: live order book, 38 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago9.85 bp59.7 bp −$60609.1 bp −$6,091doesn't fitdoesn't fit
Sell BloFin live order book, 38 min ago14.66 bp53.4 bp −$53258.6 bp −$2,586doesn't fitdoesn't fit

4STOCK on 7 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate 4STOCK_USDT+0.0286%4h0.01023+0.689%$560K$907K10xas long as short
Bybit 4STOCKUSDTlong+0.0558%4h0.01016long leg$2.3M$6.2M10x
edgeX 4STOCKUSDC+0.0567%4h0.01015−0.142%$2K$75K5xas long as short
MEXC 4STOCK_USDT+0.0578%4h0.01017+0.098%$574K$1.2M20xas long as short
BingX 4STOCK-USDT+0.0580%4h0.01012−0.394%$1.1Mas long as short
BloFin 4STOCK-USDTshort+0.0589%4h0.01019+0.295%$119K10x
Aster 4STOCKUSDT+0.1578%1h0.01017+0.064%$39K$59K5xas long as short