Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0125%/8h= +13.7% APRpaid last 24h +0.034%

Price spread now: OKX against gTrade (Gains Network)−0.067%53s7-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 OKX

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

Funding pays, the price is against you. OKX is 0.067% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.067% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 43 hours of funding at the current rate (+$4 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) RE/USD	0.4699	L −0.0025% / S +0.0026%	get 0.0003% / 1h	51m 31s	—	—	150x
Short	OKX RE-USDT-SWAP	0.4696	0.0100	get 0.0050% / 4h	2h 51m	$1.9M	$3.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.067%Rate

Funding earned: $26.31
Price spread: −0.067% → 0.000%: −$6.75
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$2.43
Costs to cover: 0.220%
Break-even: 7.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago	1.38 bp	13.3 bp −$13	57.7 bp −$577	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
gTrade (Gains Network) RE/USDlong	L −0.0025% / S +0.0026%	1h	0.4699	long leg	—	—	150x
BloFin RE-USDT	+0.0083%	4h	0.4690	−0.189%	$369K	$70K	50x	as long as short
Aster REUSDT	+0.0100%	4h	0.4694	−0.093%	$36K	$28K	20x	as long as short
Binance REUSDT	+0.0100%	4h	0.4693	−0.125%	$8.4M	$9.0M	50x	as long as short
Bybit REUSDT	+0.0100%	4h	0.4696	−0.061%	$1.5M	$1.3M	20x	as long as short
OKX RE-USDT-SWAPshort	+0.0100%	4h	0.4696	−0.067%	$1.9M	$3.7M	20x
Gate RE_USDT	+0.0100%	4h	0.4696	−0.067%	$426K	$960K	20x	as long as short
MEXC RE_USDT	+0.0100%	4h	0.4694	−0.104%	$1.2M	$442K	50x	as long as short
KuCoin REUSDTM	+0.0100%	4h	0.4696	−0.061%	$1.4M	$997K	20x	as long as short
Bitget REUSDT	+0.0100%	4h	0.4694	−0.097%	$1.8M	$665K	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	0.4694	−0.104%	—	$1.7M	—	as long as short
edgeX REUSDC	+0.0100%	4h	0.4691	−0.159%	$8K	$220K	10x	as long as short
Orderly PERP_RE_USDC_mythos	+0.0100%	4h	0.4700	+0.024%	$4K	—	10x	as long as short
Extended RE-USD	+0.0104%	1h	0.4693	−0.117%	$796	—	5x	as long as short