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

PLAY

all PLAY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.005%
Price spread now: Binance against Extended−0.060%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$287as in the Funding arb table
Net, price: spread back to 7d avg − costs−$294as in the Price arb table
costs, in and out, $10k−$2872.872% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.002%$0 on $10k
Price spread, last 4 days (all we have)+0.068%+$7 · spread now −0.060%, 7d avg +0.006%
Together, before fees+0.070%+ Points / potential airdropExtended: Active · farm board+$7 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: Binance is 0.066% cheaper against Extended than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended PLAY-USD0.028700.0104pay 0.0013% / 1h31m 46s$1K$118K5x
ShortBinance PLAYUSDT0.028680.0100get 0.0050% / 4h2h 31m$4.6M$10.7M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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
−$0.84
Price spread: −0.060% → +0.006%
−$6.57
Slippage, 4 orders
−$272.18
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Binance: 5 bp × 2 orders
−$10
Net
−$294.59
Costs to cover
2.872%
Break-even
never at this rate
Slippage from Extended: live order book, 34 min ago; Binance: live order book, 8 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, 34 min ago5.66 bp69.3 bp −$69639.1 bp −$6,391doesn't fitdoesn't fit
Sell Binance live order book, 8 min ago1.78 bp50.3 bp −$50234.3 bp −$2,343doesn't fitdoesn't fit

PLAY on 5 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
Aster PLAYUSDT−0.0404%4h0.02869−0.021%$1.8M$1.1M5xas long as short
Binance PLAYUSDTshort+0.0100%4h0.02868−0.060%$4.6M$10.7M10x
MEXC PLAY_USDT+0.0100%4h0.02870+0.015%$7.9M$622K20xas long as short
Extended PLAY-USDlong+0.0104%1h0.02870long leg$1K$118K5x
Gate PLAY_USDT+0.0612%4h0.02877+0.259%$501K$518K10xas long as short