Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0068%/8h= −7.4% APRpaid last 24h −0.041%

Price spread now: gTrade (Gains Network) against BloFin+0.049%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.049% dearer against BloFin than usual: you sell high and buy low (spread +0.049% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin RE-USDT	0.4706	0.0042	pay 0.0021% / 4h	42m 56s	$364K	$20K	50x
Short	gTrade (Gains Network) RE/USD	0.4708	L −0.0025% / S +0.0026%	pay 0.0003% / 1h	42m 56s	—	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Position, each leg$Hold fordaysFee BloFinbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.049%Rate

Funding earned: −$14.27
Price spread: +0.049% → 0.000%: $4.87
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: −$33.4
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 32 min ago; gTrade (Gains Network): 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 32 min ago	3.22 bp	12.4 bp −$12	36.4 bp −$364	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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.

RE 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
gTrade (Gains Network) RE/USDshort	L −0.0025% / S +0.0026%	1h	0.4708	+0.049%	—	—	150x
BloFin RE-USDTlong	+0.0042%	4h	0.4706	long leg	$364K	$20K	50x
Aster REUSDT	+0.0100%	4h	0.4714	+0.167%	$34K	$28K	20x	as long as short
Binance REUSDT	+0.0100%	4h	0.4705	−0.030%	$8.5M	$8.2M	50x	as long as short
Bybit REUSDT	+0.0100%	4h	0.4709	+0.064%	$1.4M	$1.3M	20x	as long as short
OKX RE-USDT-SWAP	+0.0100%	4h	0.4706	−0.011%	$1.8M	$3.6M	20x	as long as short
Gate RE_USDT	+0.0100%	4h	0.4714	+0.176%	$428K	$927K	20x	as long as short
MEXC RE_USDT	+0.0100%	4h	0.4709	+0.064%	$1.3M	$442K	50x	as long as short
KuCoin REUSDTM	+0.0100%	4h	0.4712	+0.127%	$1.4M	$931K	20x	as long as short
Bitget REUSDT	+0.0100%	4h	0.4709	+0.074%	$1.8M	$553K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX RE-USDT	+0.0100%	4h	0.4708	+0.042%	—	$1.7M	—	as long as short
edgeX REUSDC	+0.0100%	4h	0.4711	+0.116%	$8K	$220K	10x	as long as short
Orderly PERP_RE_USDC_mythos	+0.0100%	4h	0.4711	+0.106%	$4K	—	10x	as long as short
Extended RE-USD	+0.0104%	1h	0.4704	−0.046%	$800	—	5x	as long as short