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

EDGEX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.128%
Price spread now: Gate against Coinbase International−0.079%7-day average · you buy dearer than you sell
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.079% cheaper against Coinbase International than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International EDGEX-PERP-INTX0.59190.0312pay 0.0039% / 1h44m 02s$9K$25K50x
ShortGate EDGEX_USDT0.59140.0100get 0.0050% / 4h2h 44m$583K$238K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Coinbase International. 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
−$44.52
Price spread: −0.079% → 0.000%
−$7.94
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$77.46
Costs to cover
0.250%
Break-even
never at this rate
Slippage unknown: Coinbase International: no order-book sample; Gate: live order book, 2 min ago. 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 Coinbase International no order-book sample
Sell Gate live order book, 2 min ago15.21 bp176.6 bp −$177doesn't fitdoesn't fitdoesn't fit
Coinbase International: 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.

EDGEX on 4 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 EDGEX_USDTshort+0.0100%4h0.5914−0.079%$583K$238K50x
Coinbase International EDGEX-PERP-INTXlong+0.0312%1h0.5919long leg$9K$25K50x
BingX EDGEX-USDT+0.0498%4h0.5916−0.046%$1.8Mas long as short
Deribit EDGEX_USDC-PERPETUAL+0.1541%1h0.5924+0.081%$101$10010xas long as short