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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0316%/8h= +34.6% APRnext payment +$0.40 per $10,000 · paid last 24h −2.282%
Price spread now: 01 Exchange against GMX+0.015%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 feesneeds 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: +$9 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX S/USD [WBTC.b-USDC]0.03909L −0.0196% / S +0.0190%get 0.0025% / 1h21m 24s$1K100x
Short01 Exchange SUSD0.039100.0120get 0.0015% / 1h21m 24s$24K$2K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against GMX. 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
$66.45
Price spread: +0.015% → 0.000%
$1.53
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$48.98
Costs to cover
0.190%
Break-even
1.8 days
Slippage unknown: GMX: 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 GMX no order-book sample
Sell 01 Exchange no order-book sample
GMX 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−0.1599%1h0.03908−0.044%$33K$26K10xas long as short
Coinbase International S-PERP-INTX−0.1576%1h0.03826−2.133%$47K$5K25xas long as short
Variational Omni S−0.0835%4h0.03901−0.227%$607K$31Kas long as short
GMX S/USD [WBTC.b-USDC]longL −0.0196% / S +0.0190%1h0.03909long leg$1K100x
Reya SRUSDPERP−0.0101%1h0.03906−0.100%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03910+0.022%$603150xas long as short
Orderly PERP_S_USDC+0.0030%4h0.03910+0.015%$100K$345K10xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+4.875%$2K$37K12xas long as short
Lighter S+0.0096%1h0.03914+0.118%$164K$223K5xas long as short
Aster SUSDT+0.0096%4h0.03910+0.018%$43K$212K10xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.03909−0.020%$981K$716K5xas long as short
Binance SUSDT+0.0100%4h0.03906−0.083%$5.3M$18.8M75xas long as short
Bybit SUSDT+0.0100%4h0.03906−0.087%$5.6M$5.5M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.03908−0.036%$977K$5.6M20xas long as short
Gate S_USDT+0.0100%4h0.03904−0.138%$319K$265K50xas long as short
MEXC S_USDT+0.0100%4h0.03908−0.036%$3.5M$2.3M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03903−0.164%$1.8M$3.0M50xas long as short
Bitget SUSDT+0.0100%4h0.03912+0.067%$1.2M$2.6M50xas long as short
BingX S-USDT+0.0100%4h0.03906−0.087%$6.7Mas long as short
ApeX Omni SUSDT+0.0100%1h0.03910+0.015%$25K$464K50xas long as short
Extended S-USD+0.0104%1h0.03908−0.023%$219K$877K10xas long as short
01 Exchange SUSDshort+0.0120%1h0.03910+0.015%$24K$2K5x
Deribit S_USDC-PERPETUAL+0.0261%1h0.03915+0.143%$66K$10K10xas long as short
BloFin S-USDT+0.0340%4h0.03906−0.087%$267K$126K75xas long as short
Backpack S_USDC_PERP+0.0459%1h0.03920+0.271%$114K$301K5xas long as short