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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC+0.1368%/8h= +149.8% APRnext payment +$1.71 per $10,000 · paid last 24h +0.672%
Price spread now: Extended against Coinbase International+2.798%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$41 a day on $10k at the current rate, and Extended is 2.798% dearer against Coinbase International than usual: you sell high and buy low: +$280 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International S-PERP-INTX0.03826−0.1264get 0.0158% / 1h56m 04s$47K$5K25x
ShortExtended S-USD0.039330.0104get 0.0013% / 1h56m 04s$222K$890K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Coinbase International. 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
$287.28
Price spread: +2.798% → 0.000%
$279.84
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$552.12
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Coinbase International: no order-book sample; Extended: live order book, 32 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell Extended live order book, 32 min ago3.79 bp38.7 bp −$39271.4 bp −$2,714doesn't fitdoesn't fit
Coinbase International: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SUSD−0.1448%1h0.03942+3.039%$33K$33K10xas long as short
Coinbase International S-PERP-INTXlong−0.1264%1h0.03826long leg$47K$5K25x
Variational Omni S−0.1185%4h0.03967+3.674%$618K$48Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0173% / S +0.0169%1h0.03938+2.919%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03934+2.812%$415xas long as short
01 Exchange SUSD−0.0040%1h0.03930+2.718%$24K$3K5xas long as short
Aster SUSDT−0.0023%4h0.03940+2.992%$43K$212K10xas long as short
Orderly PERP_S_USDC−0.0022%4h0.03934+2.823%$101K$339K10xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03938+2.922%$607150xas long as short
Hyperliquid S+0.0008%1h0.03941+3.019%$994K$974K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective S/USDC PERP+0.0033%1h0.04100+7.162%$2K$37K12xas long as short
OKX S-USDT-SWAP+0.0061%4h0.03940+2.980%$982K$8.2M20xas long as short
Lighter S+0.0096%1h0.03946+3.136%$165K$240K5xas long as short
Binance SUSDT+0.0100%4h0.03943+3.058%$5.4M$25.6M75xas long as short
Bybit SUSDT+0.0100%4h0.03936+2.875%$5.6M$6.8M50xas long as short
Gate S_USDT+0.0100%4h0.03935+2.849%$322K$290K50xas long as short
MEXC S_USDT+0.0100%4h0.03943+3.058%$3.6M$2.5M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03939+2.953%$1.8M$3.1M50xas long as short
Bitget SUSDT+0.0100%4h0.03940+2.980%$1.2M$3.2M50xas long as short
BingX S-USDT+0.0100%4h0.03940+2.980%$6.8Mas long as short
Backpack S_USDC_PERP+0.0100%1h0.03950+3.241%$115K$288K5xas long as short
ApeX Omni SUSDT+0.0100%1h0.03970+3.764%$26K$476K50xas long as short
Extended S-USDshort+0.0104%1h0.03933+2.798%$222K$890K10x
Deribit S_USDC-PERPETUAL+0.0258%1h0.03939+2.953%$66K$10K10xas long as short
BloFin S-USDT+0.0340%4h0.03956+3.398%$201K$203K75xas long as short