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

C98

all C98 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0007%/8h= +0.8% APRnext payment +$0.07 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against Gate−0.123%7-day average −0.053% · you buy dearer than you sell
Net, funding: paid 7d − costs−$602as in the Funding arb table
Net, price: spread back to 7d avg − costs−$605as in the Price arb table
costs, in and out, $10k−$5985.980% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.039%−$4 on $10k
Price spread, last 4 days (all we have)−0.109%−$11 · spread now −0.123%, 7d avg −0.053%
Together, before fees−0.147%−$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.070% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.053%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate C98_USDT0.016280.0100pay 0.0100% / 8h2h 41m$105K$47K25x
ShortBloFin C98-USDT0.016260.0107get 0.0107% / 8h2h 41m$131K$18K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Gate. 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
$1.5
Price spread: −0.123% → −0.053%
−$6.98
Slippage, 4 orders
−$571.04
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$603.52
Costs to cover
5.980%
Break-even
2832.6 days
Slippage from Gate: live order book, 64 min ago; BloFin: live order book, 30 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 Gate live order book, 64 min ago9.14 bp291.7 bp −$29246141.2 bp −$461.4Kdoesn't fitdoesn't fit
Sell BloFin live order book, 30 min ago6.11 bp21.3 bp −$2171.7 bp −$717doesn't fitdoesn't fit

C98 on 9 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
Kraken Futures PF_C98USD−0.0025%1h0.01619−0.567%$17K$2K10xas long as short
Binance C98USDT+0.0100%8h0.01620−0.491%$1.4M$2.1M50xas long as short
Bybit C98USDT+0.0100%8h0.01620−0.491%$860K$332K25xas long as short
Gate C98_USDTlong+0.0100%8h0.01628long leg$105K$47K25x
MEXC C98_USDT+0.0100%8h0.01620−0.491%$280K$105K100xas long as short
KuCoin C98USDTM+0.0100%8h0.016280.000%$198K$39K20xas long as short
Bitget C98USDT+0.0100%8h0.01621−0.430%$190K$353K50xas long as short
Variational Omni C98+0.0100%8h0.01622−0.353%$8K$202as long as short
BloFin C98-USDTshort+0.0107%8h0.01626−0.123%$131K$18K50x