Settings8H · net · $10k
Funding arb · Price arb /

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.004%
Price spread now: Extended against Bitget−0.137%7-day average −0.131% · you buy dearer than you sell
Net, funding: paid 7d − costs−$123as in the Funding arb table
Net, price: spread back to 7d avg − costs−$124as in the Price arb table
costs, in and out, $10k−$1241.236% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.008%+$1 on $10k
Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.137%, 7d avg −0.131%
Together, before fees+0.102%+ Points / potential airdropExtended: Active · farm board+$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SUSDT0.040550.0100pay 0.0050% / 4h2h 33m$1.2M$2.4M50x
ShortExtended S-USD0.040490.0104get 0.0013% / 1h33m 35s$230K$1.1M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Bitget. 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

Funding earned
$0.84
Price spread: −0.137% → −0.131%
−$0.63
Slippage, 4 orders
−$106.56
Fee Bitget: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$123.35
Costs to cover
1.236%
Break-even
1034.9 days
Slippage from Bitget: live order book, 4 min ago; Extended: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 4 min ago6.14 bp26.3 bp −$2681.4 bp −$814doesn't fitdoesn't fit
Sell Extended live order book, 5 min ago6.19 bp33.9 bp −$34248.3 bp −$2,483doesn't fitdoesn't fit

S on 24 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SUSD−0.7408%1h0.03940−2.836%$24K$2K5xas long as short
Coinbase International S-PERP-INTX−0.1464%1h0.04022−0.814%$48K$16K25xas long as short
Kraken Futures PF_SUSD−0.1251%1h0.04049−0.158%$34K$23K10xas long as short
Variational Omni S−0.0509%4h0.04066+0.268%$632K$30Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04056+0.020%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04053−0.040%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04058+0.073%$2K150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+1.110%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0041%4h0.040550.000%$102K$338K10xas long as short
Lighter S+0.0096%1h0.04056+0.025%$167K$165K5xas long as short
Show all 24 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04052−0.074%$1.0M$572K5xas long as short
Aster SUSDT+0.0100%4h0.04056+0.024%$44K$137K10xas long as short
Binance SUSDT+0.0100%4h0.04057+0.049%$5.6M$15.4M75xas long as short
Bybit SUSDT+0.0100%4h0.04046−0.222%$5.8M$4.9M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04052−0.074%$1.0M$4.5M20xas long as short
Gate S_USDT+0.0100%4h0.04047−0.197%$335K$203K50xas long as short
MEXC S_USDT+0.0100%4h0.04052−0.074%$3.9M$1.8M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04050−0.123%$1.9M$2.9M50xas long as short
Bitget SUSDTlong+0.0100%4h0.04055long leg$1.2M$2.4M50x
BingX S-USDT+0.0100%4h0.04051−0.099%$6.7Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04060+0.123%$26K$452K50xas long as short
Extended S-USDshort+0.0104%1h0.04049−0.137%$230K$1.1M10x
Deribit S_USDC-PERPETUAL+0.0490%1h0.040550.000%$68K$10K10xas long as short
Backpack S_USDC_PERP+0.1049%1h0.04060+0.123%$121K$345K5xas long as short