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

GAS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against OKX+0.159%7-day average +0.117% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$114as in the Price arb table
costs, in and out, $10k−$1181.181% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.019%+$2 on $10k
Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.159%, 7d avg +0.117%
Together, before fees−0.042%−$4 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: Bybit is 0.042% dearer against OKX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.117%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX GAS-USDT-SWAP1.38690.0100pay 0.0050% / 4h1h 59m$372K$258K20x
ShortBybit GASUSDT1.38910.0100get 0.0050% / 4h1h 59m$839K$288K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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
$0
Price spread: +0.159% → +0.117%
$4.19
Slippage, 4 orders
−$97.08
Fee OKX: 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$113.89
Costs to cover
1.181%
Break-even
never at this rate
Slippage from OKX: live order book, 46 min ago; Bybit: live order book, 46 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 OKX live order book, 46 min ago3.96 bp27.2 bp −$27doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 46 min ago1.79 bp28.9 bp −$29202.5 bp −$2,025doesn't fitdoesn't fit

GAS on 11 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
Hyperliquid GAS+0.0100%1h1.3880+0.079%$104K$58K3xas long as short
Binance GASUSDT+0.0100%4h1.3878+0.066%$1.5M$1.7M50xas long as short
Bybit GASUSDTshort+0.0100%4h1.3891+0.159%$839K$288K25x
OKX GAS-USDT-SWAPlong+0.0100%4h1.3869long leg$372K$258K20x
MEXC GAS_USDT+0.0100%4h1.3870+0.007%$863K$133K50xas long as short
KuCoin GASUSDTM+0.0100%4h1.3878+0.065%$181K$14K30xas long as short
Bitget GASUSDT+0.0100%4h1.3880+0.079%$372K$298K50xas long as short
BingX GAS-USDT+0.0100%4h1.3880+0.079%$2.3Mas long as short
BloFin GAS-USDT+0.0154%4h1.3880+0.079%$75K$24K75xas long as short
Variational Omni GAS+0.0285%4h1.3890+0.151%$5K$2as long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate GAS_USDT+0.0782%4h1.3870+0.007%$106K$82K25xas long as short