Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.005%

Price spread now: Extended against Gate+0.077%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$233as in the Funding arb table

Net, price: spread back to 7d avg − costs−$213as in the Price arb table

costs, in and out, $10k−$2252.253% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 4 days (all we have)+0.076%+$8 · spread now +0.077%, 7d avg −0.046%

Together, before fees−0.001%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.123% dearer against Gate than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate S_USDT	0.03930	0.0100	pay 0.0050% / 4h	2h 16m	$321K	$292K	50x
Short	Extended S-USD	0.03933	0.0104	get 0.0013% / 1h	16m 46s	$221K	$883K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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 GatebpFee ExtendedbpOrdersPrice spread, now +0.077%Rate

Funding earned: $0.84
Price spread: +0.077% → −0.046%: $12.34
Slippage, 4 orders: −$205.34
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$212.16
Costs to cover: 2.253%
Break-even: 1775.0 days

Slippage from Gate: live order book, 3 min ago; Extended: live order book, 6 min ago.

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 Gate live order book, 3 min ago	7.65 bp	76.9 bp −$77	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 6 min ago	3.83 bp	42.2 bp −$42	276.1 bp −$2,761	doesn't fit	doesn't fit

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
Kraken Futures PF_SUSD	−0.1451%	1h	0.03933	+0.081%	$33K	$30K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1264%	1h	0.03826	−2.646%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0936%	4h	0.03921	−0.234%	$610K	$34K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0190% / S +0.0184%	1h	0.03937	+0.188%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03933	+0.084%	$4	—	15x	as long as short
Orderly PERP_S_USDC	−0.0015%	4h	0.03937	+0.178%	$99K	$341K	10x	as long as short
01 Exchange SUSD	0.0000%	1h	0.03930	0.000%	$24K	$3K	5x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03937	+0.185%	$607	—	150x	as long as short
Aster SUSDT	+0.0015%	4h	0.03937	+0.186%	$43K	$212K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.326%	$2K	$37K	12x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	0.03937	+0.178%	$165K	$240K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03933	+0.084%	$994K	$899K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03934	+0.110%	$5.4M	$23.4M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03929	−0.025%	$5.6M	$6.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03933	+0.076%	$980K	$7.3M	20x	as long as short
Gate S_USDTlong	+0.0100%	4h	0.03930	long leg	$321K	$292K	50x
MEXC S_USDT	+0.0100%	4h	0.03934	+0.102%	$3.5M	$2.6M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03930	0.000%	$1.8M	$3.1M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03935	+0.127%	$1.2M	$3.0M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03932	+0.051%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03930	0.000%	$25K	$471K	50x	as long as short
Extended S-USDshort	+0.0104%	1h	0.03933	+0.077%	$221K	$883K	10x
Backpack S_USDC_PERP	+0.0330%	1h	0.03940	+0.254%	$115K	$294K	5x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03927	−0.076%	$267K	$159K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0512%	1h	0.03942	+0.305%	$66K	$10K	10x	as long as short