Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0125%/8h= +13.7% APRpaid last 24h +0.041%

Price spread now: BloFin against gTrade (Gains Network)−0.123%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. BloFin is 0.123% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.123% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 3.3 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) RE/USD	0.4634	L −0.0025% / S +0.0026%	get 0.0003% / 1h	44m 58s	—	—	150x
Short	BloFin RE-USDT	0.4628	0.0099	get 0.0050% / 4h	3h 44m	$366K	$71K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BloFinbpOrdersPrice spread, now −0.123%Rate

Funding earned: $26.19
Price spread: −0.123% → 0.000%: −$12.3
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$10.11
Costs to cover: 0.240%
Break-even: 9.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 30 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BloFin live order book, 30 min ago	3.23 bp	11.9 bp −$12	35.8 bp −$358	doesn't fit	doesn't fit

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
Bybit REUSDT	−0.0232%	4h	0.4631	−0.058%	$1.4M	$1.5M	20x	as long as short
gTrade (Gains Network) RE/USDlong	L −0.0025% / S +0.0026%	1h	0.4634	long leg	—	—	150x
BloFin RE-USDTshort	+0.0099%	4h	0.4628	−0.123%	$366K	$71K	50x
Aster REUSDT	+0.0100%	4h	0.4637	+0.064%	$36K	$28K	20x	as long as short
Binance REUSDT	+0.0100%	4h	0.4629	−0.101%	$8.3M	$9.6M	50x	as long as short
OKX RE-USDT-SWAP	+0.0100%	4h	0.4630	−0.088%	$1.8M	$4.1M	20x	as long as short
Gate RE_USDT	+0.0100%	4h	0.4634	+0.011%	$414K	$995K	20x	as long as short
MEXC RE_USDT	+0.0100%	4h	0.4631	−0.058%	$1.2M	$425K	50x	as long as short
KuCoin REUSDTM	+0.0100%	4h	0.4634	+0.015%	$1.4M	$1.0M	20x	as long as short
Bitget REUSDT	+0.0100%	4h	0.4633	−0.009%	$1.8M	$717K	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	0.4629	−0.101%	—	$1.7M	—	as long as short
edgeX REUSDC	+0.0100%	4h	0.4632	−0.042%	$8K	$222K	10x	as long as short
Orderly PERP_RE_USDC_mythos	+0.0100%	4h	0.4631	−0.058%	$4K	—	10x	as long as short
Extended RE-USD	+0.0104%	1h	0.4628	−0.123%	$788	—	5x	as long as short