Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.4652%/8h= −509.4% APRpaid last 24h −2.257%

Price spread now: 01 Exchange against OKX+0.050%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 01 Exchange

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. 01 Exchange is 0.050% dearer against OKX than usual: you sell high and buy low (spread +0.050% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$140 a day in funding at the current rate, which eats that in about under an hour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX S-USDT-SWAP	0.03968	0.0100	pay 0.0050% / 4h	3h 38m	$978K	$4.7M	20x
Short	01 Exchange SUSD	0.03970	−0.4552	pay 0.0569% / 1h	38m 57s	$25K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.050%Rate

Funding earned: −$976.92
Price spread: +0.050% → 0.000%: $5.04
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$988.88
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 min ago; 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 4 min ago	1.25 bp	32.5 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SUSDshort	−0.4552%	1h	0.03970	+0.050%	$25K	$2K	5x
Kraken Futures PF_SUSD	−0.2039%	1h	0.03962	−0.149%	$34K	$23K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1240%	1h	0.03826	−3.579%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0898%	4h	0.03979	+0.274%	$619K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03967	−0.015%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03965	−0.066%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03969	+0.019%	$612	—	150x	as long as short
Orderly PERP_S_USDC	+0.0022%	4h	0.03966	−0.050%	$101K	$335K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.327%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.03966	−0.050%	$161K	$191K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03967	−0.033%	$993K	$629K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03969	+0.029%	$43K	$141K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03968	0.000%	$5.4M	$16.2M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03965	−0.076%	$5.7M	$5.0M	50x	as long as short
OKX S-USDT-SWAPlong	+0.0100%	4h	0.03968	long leg	$978K	$4.7M	20x
Gate S_USDT	+0.0100%	4h	0.03962	−0.151%	$324K	$216K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03968	0.000%	$3.7M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03969	+0.025%	$1.8M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03968	0.000%	$1.2M	$2.4M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03966	−0.050%	—	$6.7M	—	as long as short
Backpack S_USDC_PERP	+0.0100%	1h	0.03970	+0.050%	$115K	$320K	5x	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03980	+0.302%	$26K	$446K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03967	−0.021%	$224K	$1.1M	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0254%	1h	0.03967	−0.025%	$67K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03982	+0.353%	$269K	$126K	75x	as long as short