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

GENIUS

all GENIUS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0085%/8h= +9.3% APRnext payment +$0.43 per $10,000 · paid last 24h −0.001%
Price spread now: BloFin against Bitget+0.242%7-day average +0.217% · you sell dearer than you buy
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1391.386% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.006%+$1 on $10k
Price spread, last 4 days (all we have)+1.693%+$169 · spread now +0.242%, 7d avg +0.217%
Together, before fees+1.699%+$170 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.024% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.217%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget GENIUSUSDT0.34760.0100pay 0.0050% / 4h1h 17m$719K$1.2M20x
ShortBloFin GENIUS-USDT0.34840.0185get 0.0093% / 4h1h 17m$490K$25K50x

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
$17.9
Price spread: +0.242% → +0.217%
$2.44
Slippage, 4 orders
−$114.55
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$118.21
Costs to cover
1.386%
Break-even
53.2 days
Slippage from Bitget: live order book, 4 min ago; BloFin: live order book, 24 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, 4 min ago8.75 bp49.8 bp −$50173.1 bp −$1,731doesn't fitdoesn't fit
Sell BloFin live order book, 24 min ago2.90 bp22.5 bp −$2397.9 bp −$979doesn't fitdoesn't fit

GENIUS on 12 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
Bybit GENIUSUSDT+0.0100%4h0.3479+0.098%$1.4M$2.4M25xas long as short
Gate GENIUS_USDT+0.0100%4h0.3478+0.069%$237K$390K20xas long as short
KuCoin GENIUSUSDTM+0.0100%4h0.3480+0.124%$536K$1.8M20xas long as short
Bitget GENIUSUSDTlong+0.0100%4h0.3476long leg$719K$1.2M20x
Variational Omni GENIUS+0.0100%4h0.3496+0.597%$91K$99Kas long as short
SunX GENIUS-USDT+0.0100%4h0.3481+0.155%$1K$698K20xas long as short
BloFin GENIUS-USDTshort+0.0185%4h0.3484+0.242%$490K$25K50x
MEXC GENIUS_USDT+0.0204%4h0.3481+0.155%$476K$340K20xas long as short
Binance GENIUSUSDT+0.0206%4h0.3480+0.127%$8.9M$18.1M50xas long as short
Extended GENIUS-USD+0.0208%1h0.3478+0.069%$3K$175K5xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GENIUS-USDT+0.0214%4h0.3479+0.098%$1.7Mas long as short
Aster GENIUSUSDT+0.0716%4h0.3481+0.155%$254K$477K20xas long as short