Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−1.2028%/8h= −1317.1% APRpaid last 24h −2.279%

Price spread now: 01 Exchange against BloFin−4.255%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on 01 Exchange

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

Both sides work against this trade now: funding costs −$361 a day on $10k at the current rate, and 01 Exchange is 4.255% cheaper against BloFin than usual: you would sell low and buy high (−$426 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin S-USDT	0.04136	0.0340	pay 0.0170% / 4h	1h 15m	$287K	$105K	75x
Short	01 Exchange SUSD	0.03960	−1.1688	pay 0.1461% / 1h	15m 04s	$25K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against BloFin. 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 BloFinbpFee 01 ExchangebpOrdersPrice spread, now −4.255%Rate

Funding earned: −$2,525.88
Price spread: −4.255% → 0.000%: −$425.53
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$2,970.41
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 24 min ago; 01 Exchange: 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 BloFin live order book, 24 min ago	2.44 bp	23.5 bp −$24	55.4 bp −$554	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 SUSDshort	−1.1688%	1h	0.03960	−4.255%	$25K	$2K	5x
Kraken Futures PF_SUSD	−0.1665%	1h	0.04126	−0.241%	$34K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1456%	1h	0.04022	−2.756%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04135	−0.024%	$1K	—	100x	as long as short
Variational Omni S	−0.0114%	4h	0.04135	−0.019%	$641K	$31K	—	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04134	−0.047%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04133	−0.061%	$2K	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−0.870%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0069%	4h	0.04134	−0.048%	$103K	$331K	10x	as long as short
Lighter S	+0.0096%	1h	0.04134	−0.048%	$173K	$157K	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	0.04129	−0.160%	$1.0M	$556K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04130	−0.146%	$45K	$133K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04125	−0.256%	$5.7M	$13.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04122	−0.338%	$5.9M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04124	−0.290%	$1.1M	$4.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04128	−0.193%	$339K	$201K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04127	−0.218%	$4.1M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04128	−0.193%	$1.9M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04127	−0.218%	$1.2M	$2.1M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04123	−0.314%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04120	−0.387%	$25K	$450K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04123	−0.311%	$234K	$1.1M	10x	as long as short
BloFin S-USDTlong	+0.0340%	4h	0.04136	long leg	$287K	$105K	75x
Deribit S_USDC-PERPETUAL	+0.0718%	1h	0.04138	+0.048%	$70K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1629%	1h	0.04140	+0.097%	$122K	$373K	5x	as long as short