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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.2273%/8h= −248.8% APRnext payment $2.84 per $10,000 · paid last 24h −2.142%
Price spread now: 01 Exchange against gTrade (Gains Network)+1.398%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. 01 Exchange is 1.398% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +1.398% now, against zero (this spread has no 7-day history yet)): +$140 on $10k if it goes back. Holding the pair costs −$68 a day in funding at the current rate, which eats that in about 2.0 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) S/USD0.04399L +0.0001% / S +0.0006%pay 0.0000% / 1h11m 25s$678150x
Short01 Exchange SUSD0.04460−0.2272pay 0.0284% / 1h11m 25s$27K$3K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Funding earned
−$477.24
Price spread: +1.398% → 0.000%
$139.75
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$354.48
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample
Sell 01 Exchange no order-book sample
gTrade (Gains Network) 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−0.2574%1h0.04408+0.223%$37K$21K10xas long as short
01 Exchange SUSDshort−0.2272%1h0.04460+1.398%$27K$3K5x
Coinbase International S-PERP-INTX−0.1248%1h0.04308−2.058%$53K$18K25xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04414+0.354%$2K100xas long as short
Variational Omni S−0.0130%4h0.04416+0.405%$683K$7Kas long as short
Reya SRUSDPERP−0.0101%1h0.04410+0.261%$415xas long as short
gTrade (Gains Network) S/USDlongL +0.0001% / S +0.0006%1h0.04399long leg$678150x
Injective S/USDC PERP+0.0033%1h0.04100−6.787%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0066%4h0.04412+0.306%$110K$643K10xas long as short
Lighter S+0.0096%1h0.04428+0.670%$154K$149K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04423+0.547%$1.1M$759K5xas long as short
Aster SUSDT+0.0100%4h0.04420+0.498%$47K$187K10xas long as short
Binance SUSDT+0.0100%4h0.04420+0.488%$6.6M$17.5M75xas long as short
Bybit SUSDT+0.0100%4h0.04414+0.352%$6.3M$4.9M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04416+0.397%$1.3M$5.2M20xas long as short
Gate S_USDT+0.0100%4h0.04425+0.602%$376K$234K50xas long as short
MEXC S_USDT+0.0100%4h0.04400+0.033%$4.6M$2.5M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04418+0.443%$2.1M$2.8M50xas long as short
Bitget SUSDT+0.0100%4h0.04422+0.534%$1.3M$2.7M50xas long as short
BingX S-USDT+0.0100%4h0.04396−0.058%$7.0Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04420+0.488%$26K$515K50xas long as short
Extended S-USD+0.0104%1h0.04416+0.401%$244K$1.3M10xas long as short
BloFin S-USDT+0.0340%4h0.04430+0.715%$320K$121K75xas long as short
Backpack S_USDC_PERP+0.0828%1h0.04430+0.715%$104K$472K5xas long as short
Deribit S_USDC-PERPETUAL+0.1110%1h0.04418+0.443%$74K$51210xas long as short