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

H

all H markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Bitget+0.327%7-day average +0.147% · you sell dearer than you buy
Net, funding: paid 7d − costs−$456as in the Funding arb table
Net, price: spread back to 7d avg − costs−$464as in the Price arb table
costs, in and out, $10k−$4824.818% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.257%+$26 on $10k
Price spread, last 4 days (all we have)−0.261%−$26 · spread now +0.327%, 7d avg +0.147%
Together, before fees−0.004%+ Points / potential airdropExtended: Active · farm board$0 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: Extended is 0.180% dearer against Bitget than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.147%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget HUSDT0.067860.0100pay 0.0050% / 4h2h 32m$1.7M$454K4x
ShortExtended H-USD0.068080.0104get 0.0013% / 1h32m 55s$9K$102K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$0.84
Price spread: +0.327% → +0.147%
$18
Slippage, 4 orders
−$464.78
Fee Bitget: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$462.94
Costs to cover
4.818%
Break-even
3864.8 days
Slippage from Bitget: live order book, 4 min ago; Extended: live order book, 20 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 ago7.34 bp170.7 bp −$171771.1 bp −$7,711doesn't fitdoesn't fit
Sell Extended live order book, 20 min ago2.19 bp84.8 bp −$85doesn't fitdoesn't fitdoesn't fit

H on 13 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
Injective H/USDC PERP+0.0033%1h0.06250−7.899%$1K$15.5xas long as short
Aster HUSDT+0.0100%4h0.06815+0.424%$112K$55K5xas long as short
Binance HUSDT+0.0100%4h0.06814+0.413%$14.6M$10.9M10xas long as short
Bybit HUSDT+0.0100%4h0.06803+0.253%$7.4M$4.7M13xas long as short
OKX H-USDT-SWAP+0.0100%4h0.06814+0.413%$1.7M$6.0M10xas long as short
Gate H_USDT+0.0100%4h0.06811+0.368%$2.8M$1.9M10xas long as short
MEXC H_USDT+0.0100%4h0.06812+0.383%$6.1M$1.1M20xas long as short
KuCoin HUSDTM+0.0100%4h0.06805+0.280%$1.6M$10.0M8xas long as short
Bitget HUSDTlong+0.0100%4h0.06786long leg$1.7M$454K4x
BingX H-USDT+0.0100%4h0.06812+0.383%$2.7Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni H+0.0100%4h0.06823+0.552%$8K$10Kas long as short
GRVT H_USDT_Perp+0.0100%4h0.06859+1.072%$1.1M$437K10xas long as short
Extended H-USDshort+0.0104%1h0.06808+0.327%$9K$102K5x