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

GWEI

all GWEI markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0204%/8h= +22.3% APRpaid last 24h +0.024%
Price spread now: BingX against Extended+0.162%7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$243as in the Funding arb table
Net, price: spread back to 7d avg − costs−$230as in the Price arb table
costs, in and out, $10k−$2432.434% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.008%+$1 on $10k
Price spread, last 4 days (all we have)+0.132%+$13 · spread now +0.162%, 7d avg +0.028%
Together, before fees+0.140%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BingX is 0.135% dearer against Extended than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.028%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.008% in total (about 0.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended GWEI-USD0.023060.0448pay 0.0056% / 1h43m 59s$7K$125K5x
ShortBingX GWEI-USDT0.023100.0652get 0.0326% / 4h1h 43m$1.7M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Extended. 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
$42.84
Price spread: +0.162% → +0.028%
$13.48
Slippage, 4 orders
−$228.37
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BingX: 5 bp × 2 orders
−$10
Net
−$187.05
Costs to cover
2.434%
Break-even
37.6 days
Slippage from Extended: live order book, 17 min ago; BingX: live order book, 3 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 Extended live order book, 17 min ago9.24 bp62.6 bp −$63482.4 bp −$4,824doesn't fitdoesn't fit
Sell BingX live order book, 3 min ago6.50 bp36.0 bp −$36115.0 bp −$1,150701.6 bp −$70.2K1218.5 bp −$609.3K

GWEI 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
KuCoin GWEIUSDTM+0.0100%4h0.02302−0.176%$452K$23K20xas long as short
Variational Omni GWEI+0.0100%4h0.02309+0.123%$4K$55as long as short
BloFin GWEI-USDT+0.0439%4h0.02311+0.206%$174K$31K50xas long as short
MEXC GWEI_USDT+0.0444%4h0.02306−0.011%$107K$85K20xas long as short
Binance GWEIUSDT+0.0446%4h0.02307+0.019%$2.4M$2.7M50xas long as short
Extended GWEI-USDlong+0.0448%1h0.02306long leg$7K$125K5x
Bitget GWEIUSDT+0.0504%4h0.02303−0.141%$1.9M$228K20xas long as short
BingX GWEI-USDTshort+0.0652%4h0.02310+0.162%$1.7M
Bybit GWEIUSDT+0.0678%4h0.02311+0.206%$393K$129K25xas long as short
Gate GWEI_USDT+0.0938%4h0.02306+0.006%$386K$414K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster GWEIUSDT+0.1377%4h0.02306−0.011%$19K$18K10xas long as short