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

CLANKER

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0016%/8h= −1.7% APRnext payment $0.08 per $10,000 · paid last 24h +0.044%
Price spread now: BloFin against Bitget0.000%85s7-day average +0.108% · you sell dearer than you buy
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1651.647% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.124%+$12 on $10k
Price spread, last 4 days (all we have)+0.199%+$20 · spread now 0.000%, 7d avg +0.108%
Together, before fees+0.323%+$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and BloFin is 0.108% cheaper against Bitget than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.108%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.124%, so the current rate has only just turned against you. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget CLANKERUSDT13.8300.0100pay 0.0050% / 4h1h 59m$633K$521K20x
ShortBloFin CLANKER-USDT13.8300.0084get 0.0042% / 4h1h 59m$119K$21K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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
−$3.3
Price spread: 0.000% → +0.108%
−$10.8
Slippage, 4 orders
−$140.69
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$178.79
Costs to cover
1.647%
Break-even
never at this rate
Slippage from Bitget: live order book, 46 min ago; BloFin: live order book, 12 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 Bitget live order book, 46 min ago7.27 bp43.0 bp −$43489.4 bp −$4,894doesn't fitdoesn't fit
Sell BloFin live order book, 12 min ago3.59 bp38.4 bp −$38141.9 bp −$1,419doesn't fitdoesn't fit

CLANKER on 10 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
BloFin CLANKER-USDTshort+0.0084%4h13.8300.000%$119K$21K25x
Binance CLANKERUSDT+0.0100%4h13.8300.000%$1.8M$5.3M25xas long as short
Bybit CLANKERUSDT+0.0100%4h13.832+0.014%$653K$1.0M20xas long as short
Gate CLANKER_USDT+0.0100%4h13.840+0.072%$121K$159K25xas long as short
MEXC CLANKER_USDT+0.0100%4h13.820−0.072%$373K$251K50xas long as short
KuCoin CLANKERUSDTM+0.0100%4h13.770−0.434%$332K$153K25xas long as short
Bitget CLANKERUSDTlong+0.0100%4h13.830long leg$633K$521K20x
BingX CLANKER-USDT+0.0100%4h13.840+0.072%$6.8Mas long as short
Variational Omni CLANKER+0.0100%4h13.837+0.050%$27K$25Kas long as short
Aster CLANKERUSDT+0.0335%4h13.831+0.008%$17K$32K5xas long as short