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

ORDER

all ORDER markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0024%/8h= +2.7% APRpaid last 24h +0.006%
Price spread now: Gate against BloFin+0.227%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.024%+$2 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.227% dearer against BloFin than usual: you sell high and buy low: +$23 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ORDER-USDT0.039600.0076pay 0.0076% / 8h6h 54m$65K$7K16x
ShortGate ORDER_USDT0.039690.0100get 0.0050% / 4h2h 54m$74K$62K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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
$5.11
Price spread: +0.227% → 0.000%
$22.73
Slippage, 4 orders
no order book: not counted
Fee BloFin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$0.84
Costs to cover
0.270%
Break-even
5.9 days
Slippage unknown: BloFin: no order-book sample; Gate: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin no order-book sample
Sell Gate no order-book sample
BloFin and Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ORDER 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
BloFin ORDER-USDTlong+0.0076%8h0.03960long leg$65K$7K16x
Binance ORDERUSDT+0.0100%4h0.03969+0.218%$1.4M$1.5M50xas long as short
Bybit ORDERUSDT+0.0100%8h0.03951−0.227%$1.3M$594K20xas long as short
OKX ORDER-USDT-SWAP+0.0100%4h0.03961+0.025%$161K$269K20xas long as short
Gate ORDER_USDTshort+0.0100%4h0.03969+0.227%$74K$62K20x
MEXC ORDER_USDT+0.0100%4h0.03972+0.303%$268K$98K20xas long as short
KuCoin ORDERUSDTM+0.0100%4h0.03972+0.303%$219K$84K30xas long as short
Bitget ORDERUSDT+0.0100%4h0.03963+0.076%$475K$202K20xas long as short
BingX ORDER-USDT+0.0100%4h0.03967+0.177%$1.3Mas long as short
Variational Omni ORDER+0.0100%8h0.03962+0.048%$10K$2Kas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ORDER_USDC+0.0837%4h0.03968+0.202%$187K$211K10xas long as short