Funding arb · Price arb /

IO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against Gate+0.019%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$645as in the Funding arb table

Net, price: spread back to 7d avg − costs−$641as in the Price arb table

costs, in and out, $10k−$6436.428% of the position

Long on Gate Short on Extended

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)−0.093%−$9 · spread now +0.019%, 7d avg −0.002%

Together, before fees−0.112%+ Points / potential airdropExtended: Active · farm board−$11 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 0.021% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IO_USDT	0.1512	0.0100	pay 0.0050% / 4h	2h 13m	$231K	$542K	50x
Short	Extended IO-USD	0.1512	0.0104	get 0.0013% / 1h	13m 39s	$5K	$171K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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

Position, each leg$Hold fordaysFee GatebpFee ExtendedbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0.84
Price spread: +0.019% → −0.002%: $2.06
Slippage, 4 orders: −$622.83
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$639.93
Costs to cover: 6.428%
Break-even: 5339.7 days

Slippage from Gate: live order book, 7 min ago; Extended: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 7 min ago	6.27 bp	256.0 bp −$256	18065.0 bp −$180.6K	doesn't fit	doesn't fit
Sell Extended live order book, 8 min ago	5.28 bp	79.0 bp −$79	doesn't fit	doesn't fit	doesn't fit

IO on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective IO/USDC PERP	−0.0157%	1h	0.1516	+0.298%	$2K	$103	5.5x	as long as short
BloFin IO-USDT	+0.0083%	4h	0.1514	+0.165%	$192K	$30K	50x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1512	+0.033%	$1.0M	$391K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1513	+0.116%	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1512	+0.033%	$3.0M	$6.4M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1509	−0.165%	$1.1M	$867K	25x	as long as short
Gate IO_USDTlong	+0.0100%	4h	0.1512	long leg	$231K	$542K	50x
MEXC IO_USDT	+0.0100%	4h	0.1508	−0.232%	$1.1M	$239K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1511	−0.033%	$402K	$655K	50x	as long as short
Bitget IOUSDT	+0.0100%	4h	0.1513	+0.099%	$1.3M	$1.2M	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX IO-USDT	+0.0100%	4h	0.1510	−0.099%	—	$1.3M	—	as long as short
Variational Omni IO	+0.0100%	4h	0.1509	−0.137%	$30K	$5K	—	as long as short
Extended IO-USDshort	+0.0104%	1h	0.1512	+0.019%	$5K	$171K	5x
Kraken Futures PF_IOUSD	+0.5433%	1h	0.1513	+0.107%	$39K	$21K	10x	as long as short