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

S

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0110%/8h= −12.1% APRnext payment $0.14 per $10,000 · paid last 24h −0.028%
Price spread now: gTrade (Gains Network) against Extended−0.087%7-day average · you buy dearer than you sell
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 fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.087% cheaper against Extended than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended S-USD0.040060.0104pay 0.0013% / 1h14m 09s$224K$1.1M10x
ShortgTrade (Gains Network) S/USD0.04002L +0.0001% / S +0.0006%pay 0.0001% / 1h14m 09s$617150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$23.12
Price spread: −0.087% → 0.000%
−$8.71
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$46.83
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 4 min ago; gTrade (Gains Network): 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 Extended live order book, 4 min ago6.27 bp28.8 bp −$29241.4 bp −$2,414doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): 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−0.2019%1h0.04001−0.121%$34K$23K10xas long as short
01 Exchange SUSD−0.1960%1h0.04000−0.146%$25K$2K5xas long as short
Coinbase International S-PERP-INTX−0.1240%1h0.03959−1.170%$49K$5K25xas long as short
Variational Omni S−0.0722%4h0.03990−0.399%$620K$31Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04003−0.079%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04002−0.099%$415xas long as short
gTrade (Gains Network) S/USDshortL +0.0001% / S +0.0006%1h0.04002−0.087%$617150x
Orderly PERP_S_USDC+0.0026%4h0.04006+0.004%$102K$331K10xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+2.350%$2K$37K12xas long as short
Lighter S+0.0096%1h0.04009+0.079%$164K$192K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04005−0.024%$1.0M$622K5xas long as short
Aster SUSDT+0.0100%4h0.04006+0.015%$44K$141K10xas long as short
Binance SUSDT+0.0100%4h0.04004−0.045%$5.5M$15.7M75xas long as short
Bybit SUSDT+0.0100%4h0.03997−0.221%$5.7M$4.9M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.03999−0.171%$984K$4.5M20xas long as short
Gate S_USDT+0.0100%4h0.04002−0.096%$327K$218K50xas long as short
MEXC S_USDT+0.0100%4h0.04005−0.021%$3.6M$1.9M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04005−0.021%$1.8M$2.9M50xas long as short
Bitget SUSDT+0.0100%4h0.04005−0.021%$1.2M$2.4M50xas long as short
BingX S-USDT+0.0100%4h0.04003−0.071%$6.7Mas long as short
ApeX Omni SUSDT+0.0100%1h0.03990−0.396%$26K$444K50xas long as short
Extended S-USDlong+0.0104%1h0.04006long leg$224K$1.1M10x
Backpack S_USDC_PERP+0.0194%1h0.04010+0.104%$117K$325K5xas long as short
BloFin S-USDT+0.0340%4h0.03997−0.221%$270K$127K75xas long as short
Deribit S_USDC-PERPETUAL+0.0748%1h0.04012+0.154%$67K$10K10xas long as short