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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.5090%/8h= +557.3% APRnext payment +$6.36 per $10,000 · paid last 24h +2.181%
Price spread now: gTrade (Gains Network) against 01 Exchange+3.043%48s7-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 feesneeds both histories
Both sides work for this trade now. Funding pays +$153 a day on $10k at the current rate, and gTrade (Gains Network) is 3.043% dearer against 01 Exchange than usual: you sell high and buy low: +$304 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange SUSD0.03840−0.5096get 0.0637% / 1h10m 40s$24K$2K5x
ShortgTrade (Gains Network) S/USD0.03957L +0.0001% / S +0.0006%pay 0.0001% / 1h10m 40s$610150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
$1,068.88
Price spread: +3.043% → 0.000%
$304.3
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
$1,356.17
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: 01 Exchange: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange no order-book sample
Sell gTrade (Gains Network) no order-book sample
01 Exchange and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SUSDlong−0.5096%1h0.03840long leg$24K$2K5x
Kraken Futures PF_SUSD−0.2256%1h0.03948+2.805%$33K$13K10xas long as short
Coinbase International S-PERP-INTX−0.1344%1h0.03927+2.266%$48K$16K25xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.03956+3.026%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03953+2.952%$415xas long as short
Variational Omni S−0.0047%4h0.03947+2.780%$613K$30Kas long as short
gTrade (Gains Network) S/USDshortL +0.0001% / S +0.0006%1h0.03957+3.043%$610150x
Injective S/USDC PERP+0.0033%1h0.04100+6.771%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0082%4h0.03958+3.073%$98K$294K10xas long as short
Lighter S+0.0096%1h0.03959+3.099%$167K$157K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.03954+2.982%$991K$590K5xas long as short
Aster SUSDT+0.0100%4h0.03958+3.067%$46K$142K10xas long as short
Binance SUSDT+0.0100%4h0.03955+2.995%$5.5M$13.7M75xas long as short
Bybit SUSDT+0.0100%4h0.03948+2.813%$5.6M$4.4M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.03953+2.943%$982K$3.8M20xas long as short
Gate S_USDT+0.0100%4h0.03958+3.073%$322K$191K50xas long as short
MEXC S_USDT+0.0100%4h0.03955+2.995%$3.6M$1.7M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03952+2.917%$1.8M$2.7M50xas long as short
Bitget SUSDT+0.0100%4h0.03959+3.099%$1.2M$2.3M50xas long as short
BingX S-USDT+0.0100%4h0.03953+2.943%$6.8Mas long as short
ApeX Omni SUSDT+0.0100%1h0.03970+3.385%$24K$463K50xas long as short
Extended S-USD+0.0104%1h0.03952+2.920%$224K$593K10xas long as short
BloFin S-USDT+0.0340%4h0.03967+3.307%$273K$102K75xas long as short
Deribit S_USDC-PERPETUAL+0.0761%1h0.03962+3.177%$67K$10K10xas long as short
Backpack S_USDC_PERP+0.1416%1h0.03960+3.125%$115K$424K5xas long as short