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

S

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%
Price spread now: Gate against MEXC−0.050%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1431.429% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.080%+$8 on $10k
Price spread, last 4 days (all we have)−0.025%−$3 · spread now −0.050%, 7d avg −0.054%
Together, before fees+0.055%+$5 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC S_USDT0.039860.0100pay 0.0050% / 4h3h 42m$3.7M$1.9M200x
ShortGate S_USDT0.039840.0100get 0.0050% / 4h3h 42m$326K$216K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against MEXC. 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
$0
Price spread: −0.050% → −0.054%
$0.43
Slippage, 4 orders
−$123.94
Fee MEXC: 2 bp × 2 orders
−$4
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$142.52
Costs to cover
1.429%
Break-even
never at this rate
Slippage from MEXC: live order book, 4 min ago; Gate: live order book, 27 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 4 min ago1.26 bp3.8 bp −$440.2 bp −$402256.1 bp −$25.6Kdoesn't fit
Sell Gate live order book, 27 min ago8.92 bp60.5 bp −$61doesn't fitdoesn't fitdoesn't fit

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
01 Exchange SUSD−0.5704%1h0.03970−0.401%$25K$2K5xas long as short
Kraken Futures PF_SUSD−0.2031%1h0.03977−0.228%$34K$23K10xas long as short
Coinbase International S-PERP-INTX−0.1240%1h0.03826−4.014%$47K$5K25xas long as short
Variational Omni S−0.0943%4h0.03974−0.291%$617K$31Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.03984−0.050%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03981−0.116%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03985−0.016%$614150xas long as short
Orderly PERP_S_USDC+0.0023%4h0.03983−0.075%$101K$335K10xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+2.860%$2K$37K12xas long as short
Lighter S+0.0096%1h0.039860.000%$162K$190K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.03983−0.075%$997K$647K5xas long as short
Aster SUSDT+0.0100%4h0.03989+0.070%$44K$141K10xas long as short
Binance SUSDT+0.0100%4h0.039860.000%$5.4M$16.2M75xas long as short
Bybit SUSDT+0.0100%4h0.03985−0.025%$5.7M$5.0M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.03987+0.025%$984K$4.7M20xas long as short
Gate S_USDTshort+0.0100%4h0.03984−0.050%$326K$216K50x
MEXC S_USDTlong+0.0100%4h0.03986long leg$3.7M$1.9M200x
KuCoin SUSDTM+0.0100%4h0.03988+0.050%$1.8M$2.9M50xas long as short
Bitget SUSDT+0.0100%4h0.03990+0.100%$1.2M$2.4M50xas long as short
BingX S-USDT+0.0100%4h0.03985−0.025%$6.7Mas long as short
Backpack S_USDC_PERP+0.0100%1h0.03990+0.100%$116K$317K5xas long as short
ApeX Omni SUSDT+0.0100%1h0.03970−0.401%$26K$448K50xas long as short
Extended S-USD+0.0104%1h0.03984−0.040%$224K$1.1M10xas long as short
BloFin S-USDT+0.0340%4h0.03971−0.376%$267K$126K75xas long as short
Deribit S_USDC-PERPETUAL+0.0754%1h0.03990+0.100%$67K$10K10xas long as short