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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0236%/8h= +25.8% APRpaid last 24h +0.068%
Price spread now: BloFin against Extended−0.217%7-day average +0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$138as in the Price arb table
costs, in and out, $10k−$1111.112% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.286%+$29 on $10k
Price spread, last 4 days (all we have)+0.145%+$14 · spread now −0.217%, 7d avg +0.049%
Together, before fees+0.431%+ Points / potential airdropExtended: Active · farm board+$43 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.266% cheaper against Extended than usual: you would sell low and buy high (spread −0.217% now, against its 7-day average of +0.049%). If the spread goes back, that is −$27 on $10k: about 3.8 days of funding at the current rate (+$7 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended S-USD0.040990.0104pay 0.0013% / 1h46m 29s$231K$1.3M10x
ShortBloFin S-USDT0.040900.0340get 0.0170% / 4h46m 29s$280K$117K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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
$49.56
Price spread: −0.217% → +0.049%
−$26.62
Slippage, 4 orders
−$94.2
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$88.26
Costs to cover
1.112%
Break-even
19.5 days
Slippage from Extended: live order book, 2 min ago; BloFin: live order book, 33 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 Extended live order book, 2 min ago6.15 bp32.4 bp −$32229.0 bp −$2,290doesn't fitdoesn't fit
Sell BloFin live order book, 33 min ago3.71 bp18.6 bp −$1955.4 bp −$554doesn't fitdoesn't fit

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
01 Exchange SUSD−0.7728%1h0.03940−3.876%$24K$2K5xas long as short
Kraken Futures PF_SUSD−0.1927%1h0.04101+0.055%$35K$16K10xas long as short
Coinbase International S-PERP-INTX−0.1064%1h0.03961−3.364%$48K$16K25xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04097−0.041%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04112+0.309%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04098−0.023%$632150xas long as short
Variational Omni S+0.0003%4h0.04049−1.224%$629K$17Kas long as short
Injective S/USDC PERP+0.0033%1h0.04100+0.027%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0095%4h0.04103+0.100%$102K$581K10xas long as short
Lighter S+0.0096%1h0.04103+0.100%$178K$140K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04103+0.096%$1.0M$579K5xas long as short
Aster SUSDT+0.0100%4h0.04102+0.079%$48K$110K10xas long as short
Binance SUSDT+0.0100%4h0.04102+0.076%$5.8M$13.6M75xas long as short
Bybit SUSDT+0.0100%4h0.04095−0.095%$5.8M$4.1M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04101+0.052%$1.0M$3.8M20xas long as short
Gate S_USDT+0.0100%4h0.04101+0.052%$334K$174K50xas long as short
MEXC S_USDT+0.0100%4h0.04110+0.271%$4.2M$1.8M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04097−0.046%$1.9M$2.8M50xas long as short
Bitget SUSDT+0.0100%4h0.04111+0.296%$1.2M$2.3M50xas long as short
BingX S-USDT+0.0100%4h0.04100+0.027%$6.8Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04070−0.705%$24K$489K50xas long as short
Extended S-USDlong+0.0104%1h0.04099long leg$231K$1.3M10x
BloFin S-USDTshort+0.0340%4h0.04090−0.217%$280K$117K75x
Deribit S_USDC-PERPETUAL+0.0724%1h0.04109+0.247%$69K$10K10xas long as short
Backpack S_USDC_PERP+0.1438%1h0.04110+0.271%$120K$433K5xas long as short