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

IO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against MEXC+0.059%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$487as in the Funding arb table
Net, price: spread back to 7d avg − costs−$493as in the Price arb table
costs, in and out, $10k−$4954.948% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.083%+$8 on $10k
Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.059%, 7d avg +0.042%
Together, before fees+0.059%+$6 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC IO_USDT0.15150.0100pay 0.0050% / 4h30m 09s$1.2M$228K125x
ShortGate IO_USDT0.15160.0100get 0.0050% / 4h30m 09s$234K$550K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against MEXC. 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: +0.059% → +0.042%
$1.77
Slippage, 4 orders
−$475.81
Fee MEXC: 2 bp × 2 orders
−$4
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$493.04
Costs to cover
4.948%
Break-even
never at this rate
Slippage from MEXC: live order book, 1 min ago; Gate: live order book, 26 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 MEXC live order book, 1 min ago6.61 bp24.8 bp −$25178.2 bp −$1,782294.0 bp −$29.4Kdoesn't fit
Sell Gate live order book, 26 min ago5.28 bp209.6 bp −$210doesn't fitdoesn't fitdoesn't fit

IO on 14 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 IO+0.0100%1h0.1519+0.277%$1.0M$373K3xas long as short
Aster IOUSDT+0.0100%4h0.1516+0.049%$23K$49K5xas long as short
Binance IOUSDT+0.0100%4h0.1517+0.132%$3.0M$6.6M50xas long as short
Bybit IOUSDT+0.0100%4h0.1516+0.066%$1.1M$914K25xas long as short
Gate IO_USDTshort+0.0100%4h0.1516+0.059%$234K$550K50x
MEXC IO_USDTlong+0.0100%4h0.1515long leg$1.2M$228K125x
KuCoin IOUSDTM+0.0100%4h0.1517+0.132%$362K$644K50xas long as short
Bitget IOUSDT+0.0100%4h0.1518+0.198%$1.4M$1.3M50xas long as short
BingX IO-USDT+0.0100%4h0.1517+0.132%$1.3Mas long as short
Variational Omni IO+0.0100%4h0.1514−0.083%$33K$13Kas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended IO-USD+0.0104%1h0.1516+0.038%$2K$134K5xas long as short
BloFin IO-USDT+0.0116%4h0.1516+0.066%$193K$39K50xas long as short
Injective IO/USDC PERP+0.0583%1h0.1505−0.660%$2K$2005.5xas long as short
Kraken Futures PF_IOUSD+3.7285%1h0.1508−0.477%$39K$18K10xas long as short