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

DATA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0413%/8h= −45.3% APRnext payment $2.07 per $10,000 · paid last 24h +0.001%
Price spread now: Gate against BloFin+0.378%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.018%+$2 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. Gate is 0.378% dearer against BloFin than usual: you sell high and buy low (spread +0.378% now, against zero (this spread has no 7-day history yet)): +$38 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 3.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.018% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about $2.07 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin DATA-USDT0.21140.0117pay 0.0059% / 4h3h 44m$82K$5K20x
ShortGate DATA_USDT0.2122−0.0296pay 0.0148% / 4h3h 44m$92K$19K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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
−$86.83
Price spread: +0.378% → 0.000%
$37.84
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$75.98
Costs to cover
0.270%
Break-even
from the start
Slippage unknown: BloFin: no order-book sample; Gate: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin no order-book sample
Sell Gate no order-book sample
BloFin and Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

DATA 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
Gate DATA_USDTshort−0.0296%4h0.2122+0.378%$92K$19K20x
Bybit DATAUSDT+0.0011%4h0.2120+0.303%$893K$445K20xas long as short
Lighter DATA+0.0096%1h0.2123+0.426%$42K$122K10xas long as short
OKX DATA-USDT-SWAP+0.0100%4h0.2118+0.189%$929K$1.9M20xas long as short
MEXC DATA_USDT+0.0100%4h0.2119+0.237%$97K$253K20xas long as short
KuCoin DATAUSDTM+0.0100%4h0.2121+0.345%$167K$997K30xas long as short
Bitget DATAUSDT+0.0100%4h0.2119+0.237%$542K$117K50xas long as short
Extended DATA-USD+0.0104%1h0.2120+0.294%$9355xas long as short
BloFin DATA-USDTlong+0.0117%4h0.2114long leg$82K$5K20x