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

S

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.6272%/8h= +686.8% APRnext payment +$7.84 per $10,000 · paid last 24h +2.331%
Price spread now: Extended against 01 Exchange+1.736%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 fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$188 a day on $10k at the current rate, and Extended is 1.736% dearer against 01 Exchange than usual: you sell high and buy low: +$174 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange SUSD0.03850−0.6168get 0.0771% / 1h31m 59s$23K$2K5x
ShortExtended S-USD0.039170.0104get 0.0013% / 1h31m 59s$220K$877K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
$1,317.12
Price spread: +1.736% → 0.000%
$173.62
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$1,478.74
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: 01 Exchange: no order-book sample; Extended: live order book, 46 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 Extended live order book, 46 min ago5.13 bp37.6 bp −$38273.0 bp −$2,730doesn'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−0.6168%1h0.03850long leg$23K$2K5x
Kraken Futures PF_SUSD−0.2130%1h0.03916+1.720%$33K$25K10xas long as short
Coinbase International S-PERP-INTX−0.1336%1h0.03826−0.623%$47K$5K25xas long as short
Variational Omni S−0.1003%4h0.03900+1.300%$607K$31Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0202% / S +0.0194%1h0.03919+1.787%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03915+1.696%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03919+1.801%$604150xas long as short
Orderly PERP_S_USDC+0.0031%4h0.03916+1.714%$100K$340K10xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+6.494%$2K$37K12xas long as short
Lighter S+0.0096%1h0.03919+1.792%$164K$217K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.03918+1.769%$982K$695K5xas long as short
Aster SUSDT+0.0100%4h0.03927+2.009%$43K$145K10xas long as short
Binance SUSDT+0.0100%4h0.03918+1.766%$5.4M$17.3M75xas long as short
Bybit SUSDT+0.0100%4h0.03913+1.636%$5.6M$5.3M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.03916+1.714%$979K$5.0M20xas long as short
Gate S_USDT+0.0100%4h0.03913+1.636%$319K$259K50xas long as short
MEXC S_USDT+0.0100%4h0.03917+1.740%$3.6M$1.9M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03917+1.740%$1.8M$2.9M50xas long as short
Bitget SUSDT+0.0100%4h0.03920+1.818%$1.2M$2.5M50xas long as short
BingX S-USDT+0.0100%4h0.03916+1.714%$6.7Mas long as short
ApeX Omni SUSDT+0.0100%1h0.03910+1.558%$25K$454K50xas long as short
Extended S-USDshort+0.0104%1h0.03917+1.736%$220K$877K10x
Backpack S_USDC_PERP+0.0173%1h0.03920+1.818%$114K$312K5xas long as short
BloFin S-USDT+0.0340%4h0.03910+1.558%$267K$125K75xas long as short
Deribit S_USDC-PERPETUAL+0.0515%1h0.03922+1.870%$66K$10K10xas long as short