Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h −0.027%

Price spread now: gTrade (Gains Network) against Binance+0.024%7-day average — · you sell dearer than you buy

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

Long on Binance 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 0.024% dearer against Binance than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 18 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SUSDT	0.03944	0.0100	pay 0.0050% / 4h	56m 11s	$5.4M	$17.8M	75x
Short	gTrade (Gains Network) S/USD	0.03945	L +0.0001% / S +0.0006%	pay 0.0001% / 1h	56m 11s	$608	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Binance. 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 BinancebpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.024%Rate

Funding earned: −$22.28
Price spread: +0.024% → 0.000%: $2.36
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$39.92
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 15 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 Binance live order book, 15 min ago	1.28 bp	21.4 bp −$21	64.3 bp −$643	2528.0 bp −$252.8K	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.

S on 25 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
01 Exchange SUSD	−0.6672%	1h	0.03840	−2.628%	$23K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2116%	1h	0.03941	−0.057%	$33K	$25K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1336%	1h	0.03826	−2.983%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0969%	4h	0.03905	−0.968%	$608K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0199% / S +0.0192%	1h	0.03945	+0.027%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03941	−0.062%	$4	—	15x	as long as short
gTrade (Gains Network) S/USDshort	L +0.0001% / S +0.0006%	1h	0.03945	+0.024%	$608	—	150x
Orderly PERP_S_USDC	+0.0032%	4h	0.03945	+0.035%	$100K	$342K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.965%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.03947	+0.085%	$165K	$217K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03943	−0.004%	$988K	$714K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03944	+0.019%	$43K	$145K	10x	as long as short
Binance SUSDTlong	+0.0100%	4h	0.03944	long leg	$5.4M	$17.8M	75x
Bybit SUSDT	+0.0100%	4h	0.03937	−0.168%	$5.6M	$5.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03941	−0.067%	$983K	$5.3M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03935	−0.219%	$321K	$258K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03944	+0.009%	$3.6M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03940	−0.092%	$1.8M	$3.0M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03945	+0.035%	$1.2M	$2.5M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03942	−0.042%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03920	−0.599%	$25K	$453K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03941	−0.060%	$221K	$877K	10x	as long as short
Backpack S_USDC_PERP	+0.0179%	1h	0.03940	−0.092%	$117K	$304K	5x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03928	−0.397%	$265K	$126K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0510%	1h	0.03949	+0.136%	$66K	$10K	10x	as long as short