Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h +0.004%

Price spread now: gTrade (Gains Network) against OKX+0.039%7-day average — · you sell dearer than you buy

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

Long on OKX Short on gTrade (Gains Network)

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 pays, funding is against you. gTrade (Gains Network) is 0.039% dearer against OKX than usual: you sell high and buy low (spread +0.039% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX S-USDT-SWAP	0.03973	0.0100	pay 0.0050% / 4h	2h 57m	$984K	$3.8M	20x
Short	gTrade (Gains Network) S/USD	0.03975	L +0.0001% / S +0.0006%	pay 0.0001% / 1h	57m 16s	$612	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against OKX. 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 OKXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.039%Rate

Funding earned: −$22.28
Price spread: +0.039% → 0.000%: $3.88
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$38.41
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 5 min ago; gTrade (Gains Network): 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 5 min ago	1.27 bp	33.9 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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	−0.8744%	1h	0.03840	−3.348%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1833%	1h	0.03966	−0.164%	$33K	$14K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1232%	1h	0.03929	−1.107%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03975	+0.045%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03971	−0.054%	$4	—	15x	as long as short
Variational Omni S	−0.0063%	4h	0.03946	−0.672%	$613K	$29K	—	as long as short
gTrade (Gains Network) S/USDshort	L +0.0001% / S +0.0006%	1h	0.03975	+0.039%	$612	—	150x
Deribit S_USDC-PERPETUAL	+0.0002%	1h	0.03977	+0.101%	$67K	$10K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.197%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0083%	4h	0.03973	0.000%	$99K	$303K	10x	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	0.03976	+0.076%	$168K	$137K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03973	+0.003%	$1.0M	$595K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03973	−0.001%	$46K	$142K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03976	+0.067%	$5.6M	$13.6M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03970	−0.076%	$5.7M	$4.4M	50x	as long as short
OKX S-USDT-SWAPlong	+0.0100%	4h	0.03973	long leg	$984K	$3.8M	20x
Gate S_USDT	+0.0100%	4h	0.03969	−0.101%	$323K	$183K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03976	+0.076%	$3.6M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03975	+0.050%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03974	+0.025%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03970	−0.076%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03940	−0.831%	$22K	$464K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03970	−0.071%	$223K	$598K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03952	−0.529%	$272K	$101K	75x	as long as short
Backpack S_USDC_PERP	+0.1890%	1h	0.03970	−0.076%	$115K	$425K	5x	as long as short