Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.2180%/8h= +238.7% APRpaid last 24h +2.428%

Price spread now: Gate against 01 Exchange+2.057%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Gate

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

Both sides work for this trade now. Funding pays +$65 a day on $10k at the current rate, and Gate is 2.057% dearer against 01 Exchange than usual: you sell high and buy low: +$206 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange SUSD	0.03840	−0.2080	get 0.0260% / 1h	1m 06s	$23K	$2K	5x
Short	Gate S_USDT	0.03919	0.0100	get 0.0050% / 4h	1h 01m	$320K	$266K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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

Position, each leg$Hold fordaysFee 01 ExchangebpFee GatebpOrdersPrice spread, now +2.057%Rate

Funding earned: $457.8
Price spread: +2.057% → 0.000%: $205.73
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $641.53
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; Gate: live order book, 14 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Gate live order book, 14 min ago	5.13 bp	79.4 bp −$79	doesn't fit	doesn't fit	doesn'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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SUSDlong	−0.2080%	1h	0.03840	long leg	$23K	$2K	5x
Kraken Futures PF_SUSD	−0.1598%	1h	0.03911	+1.848%	$33K	$25K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1576%	1h	0.03826	−0.365%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0957%	4h	0.03896	+1.458%	$606K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0199% / S +0.0192%	1h	0.03919	+2.047%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03914	+1.920%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03917	+2.014%	$604	—	150x	as long as short
Orderly PERP_S_USDC	+0.0031%	4h	0.03915	+1.953%	$100K	$343K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+6.771%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.03919	+2.057%	$164K	$223K	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	0.03923	+2.151%	$984K	$713K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03919	+2.053%	$43K	$145K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03926	+2.229%	$5.4M	$18.0M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03918	+2.031%	$5.6M	$5.4M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03922	+2.135%	$976K	$5.4M	20x	as long as short
Gate S_USDTshort	+0.0100%	4h	0.03919	+2.057%	$320K	$266K	50x
MEXC S_USDT	+0.0100%	4h	0.03922	+2.135%	$3.6M	$2.3M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03916	+1.979%	$1.8M	$3.0M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03928	+2.292%	$1.2M	$2.5M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03924	+2.188%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03910	+1.823%	$25K	$452K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03923	+2.174%	$221K	$877K	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0260%	1h	0.03920	+2.083%	$66K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03914	+1.927%	$266K	$125K	75x	as long as short
Backpack S_USDC_PERP	+0.0383%	1h	0.03930	+2.344%	$114K	$302K	5x	as long as short