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 +0.035%

Price spread now: Orderly against gTrade (Gains Network)+0.037%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Orderly

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Orderly is 0.037% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) RE/USD	0.4692	L −0.0025% / S +0.0026%	get 0.0003% / 1h	54m 14s	—	—	150x
Short	Orderly PERP_RE_USDC_mythos	0.4694	0.0100	get 0.0050% / 4h	2h 54m	$4K	—	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.037%Rate

Funding earned: $26.31
Price spread: +0.037% → 0.000%: $3.67
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: $11.98
Costs to cover: 0.180%
Break-even: 3.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Orderly: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Orderly no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Orderly: 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	0.4692	long leg	—	—	150x
Aster REUSDT	+0.0100%	4h	0.4700	+0.159%	$36K	$28K	20x	as long as short
Binance REUSDT	+0.0100%	4h	0.4692	−0.006%	$8.4M	$9.0M	50x	as long as short
Bybit REUSDT	+0.0100%	4h	0.4695	+0.058%	$1.5M	$1.3M	20x	as long as short
OKX RE-USDT-SWAP	+0.0100%	4h	0.4693	+0.017%	$1.9M	$3.8M	20x	as long as short
Gate RE_USDT	+0.0100%	4h	0.4701	+0.177%	$428K	$957K	20x	as long as short
MEXC RE_USDT	+0.0100%	4h	0.4696	+0.079%	$1.2M	$442K	50x	as long as short
KuCoin REUSDTM	+0.0100%	4h	0.4697	+0.094%	$1.4M	$999K	20x	as long as short
Bitget REUSDT	+0.0100%	4h	0.4694	+0.043%	$1.8M	$665K	20x	as long as short
BingX RE-USDT	+0.0100%	4h	0.4694	+0.037%	—	$1.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX REUSDC	+0.0100%	4h	0.4697	+0.092%	$8K	$220K	10x	as long as short
Orderly PERP_RE_USDC_mythosshort	+0.0100%	4h	0.4694	+0.037%	$4K	—	10x
BloFin RE-USDT	+0.0101%	4h	0.4687	−0.113%	$372K	$70K	50x	as long as short
Extended RE-USD	+0.0104%	1h	0.4691	−0.029%	$796	—	5x	as long as short