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

S

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0273%/8h= −29.9% APRnext payment $0.34 per $10,000 · paid last 24h −0.090%
Price spread now: GMX against Extended+0.192%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 fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
The price spread pays, funding is against you. GMX is 0.192% dearer against Extended than usual: you sell high and buy low (spread +0.192% now, against zero (this spread has no 7-day history yet)): +$19 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.3 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended S-USD0.039240.0104pay 0.0013% / 1h45m 31s$221K$883K10x
ShortGMX S/USD [WBTC.b-USDC]0.03931L −0.0173% / S +0.0169%pay 0.0021% / 1h45m 31s$1K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
−$57.41
Price spread: +0.192% → 0.000%
$19.17
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee GMX: 6 bp × 2 orders
−$12
Net
−$55.24
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Extended: live order book, 42 min ago; GMX: 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, 42 min ago3.79 bp36.6 bp −$37251.7 bp −$2,517doesn't fitdoesn't fit
Sell GMX no order-book sample
GMX: 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−0.1452%1h0.03929+0.132%$33K$33K10xas long as short
Coinbase International S-PERP-INTX−0.1264%1h0.03826−2.494%$47K$5K25xas long as short
Variational Omni S−0.1174%4h0.03921−0.086%$610K$34Kas long as short
GMX S/USD [WBTC.b-USDC]shortL −0.0173% / S +0.0169%1h0.03931+0.192%$1K100x
Reya SRUSDPERP−0.0101%1h0.03924−0.007%$415xas long as short
Aster SUSDT−0.0033%4h0.03932+0.198%$43K$212K10xas long as short
01 Exchange SUSD−0.0032%1h0.03920−0.099%$24K$3K5xas long as short
Orderly PERP_S_USDC−0.0019%4h0.03928+0.105%$101K$340K10xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03931+0.188%$606150xas long as short
Deribit S_USDC-PERPETUAL+0.0004%1h0.03933+0.232%$66K$10K10xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective S/USDC PERP+0.0033%1h0.04100+4.488%$2K$37K12xas long as short
OKX S-USDT-SWAP+0.0080%4h0.03925+0.029%$977K$7.7M20xas long as short
Lighter S+0.0096%1h0.03932+0.207%$165K$240K5xas long as short
Hyperliquid S+0.0100%1h0.03925+0.024%$990K$929K5xas long as short
Binance SUSDT+0.0100%4h0.03926+0.053%$5.4M$24.3M75xas long as short
Bybit SUSDT+0.0100%4h0.03918−0.150%$5.6M$6.5M50xas long as short
Gate S_USDT+0.0100%4h0.03921−0.073%$320K$291K50xas long as short
MEXC S_USDT+0.0100%4h0.03927+0.080%$3.5M$2.5M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03927+0.080%$1.8M$3.1M50xas long as short
Bitget SUSDT+0.0100%4h0.03930+0.156%$1.2M$3.0M50xas long as short
BingX S-USDT+0.0100%4h0.03926+0.054%$6.8Mas long as short
ApeX Omni SUSDT+0.0100%1h0.03930+0.156%$23K$474K50xas long as short
Extended S-USDlong+0.0104%1h0.03924long leg$221K$883K10x
BloFin S-USDT+0.0340%4h0.03928+0.105%$273K$179K75xas long as short
Backpack S_USDC_PERP+0.0346%1h0.03940+0.411%$115K$285K5xas long as short