Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.025%

Price spread now: Binance against gTrade (Gains Network)−0.001%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Binance

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) S/USD	0.03952	L +0.0001% / S +0.0006%	pay 0.0000% / 1h	1m 05s	$609	—	150x
Short	Binance SUSDT	0.03952	0.0100	get 0.0050% / 4h	1m 05s	$5.4M	$14.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against gTrade (Gains Network). 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

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee BinancebpOrdersPrice spread, now −0.001%Rate

Funding earned: $20.88
Price spread: −0.001% → 0.000%: −$0.13
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: $0.76
Costs to cover: 0.200%
Break-even: 6.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Binance: live order book, 9 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Binance live order book, 9 min ago	2.51 bp	21.7 bp −$22	68.2 bp −$682	485.0 bp −$48.5K	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SUSD	−0.6032%	1h	0.03950	−0.052%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2587%	1h	0.03945	−0.166%	$33K	$13K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1376%	1h	0.03942	−0.254%	$47K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03951	−0.032%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03948	−0.106%	$4	—	15x	as long as short
Variational Omni S	−0.0043%	4h	0.03942	−0.246%	$612K	$30K	—	as long as short
gTrade (Gains Network) S/USDlong	L +0.0001% / S +0.0006%	1h	0.03952	long leg	$609	—	150x
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.744%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0073%	4h	0.03951	−0.027%	$98K	$276K	10x	as long as short
Lighter S	+0.0096%	1h	0.03953	+0.024%	$166K	$158K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03951	−0.032%	$987K	$582K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03955	+0.064%	$44K	$132K	10x	as long as short
Binance SUSDTshort	+0.0100%	4h	0.03952	−0.001%	$5.4M	$14.0M	75x
Bybit SUSDT	+0.0100%	4h	0.03944	−0.204%	$5.6M	$4.6M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03948	−0.102%	$997K	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03944	−0.204%	$322K	$199K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03950	−0.052%	$3.6M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03952	−0.001%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03954	+0.049%	$1.2M	$2.2M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03947	−0.128%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03970	+0.454%	$24K	$460K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03947	−0.125%	$222K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03962	+0.252%	$271K	$99K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0763%	1h	0.03954	+0.049%	$66K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1137%	1h	0.03960	+0.201%	$115K	$421K	5x	as long as short