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+0.1264%/8h= +138.4% APRnext payment +$1.58 per $10,000 · paid last 24h −1.779%
Price spread now: 01 Exchange against Coinbase International+2.457%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and 01 Exchange is 2.457% dearer against Coinbase International than usual: you sell high and buy low: +$246 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% / 1h44m 16s$47K$5K25x
Short01 Exchange SUSD0.039200get 0.0000% / 1h44m 16s$24K$3K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
$265.44
Price spread: +2.457% → 0.000%
$245.69
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$494.13
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Coinbase International: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell 01 Exchange no order-book sample
Coinbase International and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SUSD−0.1455%1h0.03924+2.548%$33K$33K10xas long as short
Coinbase International S-PERP-INTXlong−0.1264%1h0.03826long leg$47K$5K25x
Variational Omni S−0.1174%4h0.03921+2.470%$610K$34Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0173% / S +0.0169%1h0.03924+2.559%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03919+2.427%$415xas long as short
Aster SUSDT−0.0033%4h0.03928+2.659%$43K$212K10xas long as short
Orderly PERP_S_USDC−0.0018%4h0.03922+2.509%$101K$340K10xas long as short
01 Exchange SUSDshort0.0000%1h0.03920+2.457%$24K$3K5x
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03926+2.602%$605150xas long as short
Deribit S_USDC-PERPETUAL+0.0005%1h0.03928+2.666%$66K$10K10xas 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+0.0076%4h0.03919+2.431%$976K$7.6M20xas long as short
Lighter S+0.0096%1h0.03926+2.614%$164K$240K5xas long as short
Hyperliquid S+0.0100%1h0.03921+2.480%$989K$929K5xas long as short
Binance SUSDT+0.0100%4h0.03921+2.483%$5.3M$24.3M75xas long as short
Bybit SUSDT+0.0100%4h0.03914+2.300%$5.6M$6.5M50xas long as short
Gate S_USDT+0.0100%4h0.03918+2.405%$320K$291K50xas long as short
MEXC S_USDT+0.0100%4h0.03923+2.535%$3.5M$2.5M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03922+2.509%$1.8M$3.1M50xas long as short
Bitget SUSDT+0.0100%4h0.03927+2.640%$1.2M$3.0M50xas long as short
BingX S-USDT+0.0100%4h0.03920+2.457%$6.8Mas long as short
ApeX Omni SUSDT+0.0100%1h0.03930+2.718%$23K$474K50xas long as short
Extended S-USD+0.0104%1h0.03919+2.425%$221K$883K10xas long as short
BloFin S-USDT+0.0340%4h0.03926+2.614%$273K$178K75xas long as short
Backpack S_USDC_PERP+0.0358%1h0.03930+2.718%$114K$285K5xas long as short