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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+1.0084%/8h= +1104.2% APRpaid last 24h +2.218%
Price spread now: Bitget against 01 Exchange+3.325%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$303 a day on $10k at the current rate, and Bitget is 3.325% dearer against 01 Exchange than usual: you sell high and buy low: +$332 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange SUSD0.03970−0.9984get 0.1248% / 1h56m 07s$25K$2K5x
ShortBitget SUSDT0.041020.0100get 0.0050% / 4h56m 07s$1.2M$2.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against 01 Exchange. 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
$2,117.64
Price spread: +3.325% → 0.000%
$332.49
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Bitget: 6 bp × 2 orders
−$12
Net
$2,431.13
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: 01 Exchange: no order-book sample; Bitget: live order book, 1 min ago. 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 01 Exchange no order-book sample
Sell Bitget live order book, 1 min ago8.57 bp24.5 bp −$2588.5 bp −$885doesn't fitdoesn't fit
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
01 Exchange SUSDlong−0.9984%1h0.03970long leg$25K$2K5x
Kraken Futures PF_SUSD−0.2493%1h0.04094+3.128%$34K$13K10xas long as short
Coinbase International S-PERP-INTX−0.1376%1h0.04022+1.310%$48K$16K25xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04107+3.443%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04098+3.227%$415xas long as short
Variational Omni S−0.0076%4h0.04088+2.976%$635K$31Kas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04104+3.384%$3K150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+3.275%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0068%4h0.04104+3.375%$102K$308K10xas long as short
Lighter S+0.0096%1h0.04106+3.426%$172K$153K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04104+3.365%$1.0M$559K5xas long as short
Aster SUSDT+0.0100%4h0.04097+3.191%$45K$133K10xas long as short
Binance SUSDT+0.0100%4h0.04102+3.322%$5.7M$13.7M75xas long as short
Bybit SUSDT+0.0100%4h0.04098+3.224%$5.9M$4.5M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04099+3.249%$1.1M$4.0M20xas long as short
Gate S_USDT+0.0100%4h0.04097+3.199%$337K$186K50xas long as short
MEXC S_USDT+0.0100%4h0.04102+3.325%$4.0M$1.7M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04100+3.275%$1.9M$2.7M50xas long as short
Bitget SUSDTshort+0.0100%4h0.04102+3.325%$1.2M$2.1M50x
BingX S-USDT+0.0100%4h0.04100+3.275%$6.7Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04100+3.275%$25K$452K50xas long as short
Extended S-USD+0.0104%1h0.04099+3.246%$230K$1.1M10xas long as short
Deribit S_USDC-PERPETUAL+0.0237%1h0.04109+3.501%$69K$10K10xas long as short
BloFin S-USDT+0.0340%4h0.04089+2.997%$283K$99K75xas long as short
Backpack S_USDC_PERP+0.0502%1h0.04100+3.275%$120K$389K5xas long as short