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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+1.1426%/8h= +1251.1% APRnext payment +$14.28 per $10,000 · paid last 24h +2.125%
Price spread now: GMX against 01 Exchange+4.876%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 feesneeds both histories
Both sides work for this trade now. Funding pays +$343 a day on $10k at the current rate, and GMX is 4.876% dearer against 01 Exchange than usual: you sell high and buy low: +$488 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange SUSD0.03950−1.1624get 0.1453% / 1h15m 53s$24K$2K5x
ShortGMX S/USD [WBTC.b-USDC]0.04143L −0.0206% / S +0.0198%pay 0.0025% / 1h15m 53s$1K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$2,399.45
Price spread: +4.876% → 0.000%
$487.59
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee GMX: 6 bp × 2 orders
−$12
Net
$2,868.05
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: 01 Exchange: no order-book sample; GMX: 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 GMX no order-book sample
01 Exchange and GMX: 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−1.1624%1h0.03950long leg$24K$2K5x
Kraken Futures PF_SUSD−0.1661%1h0.04135+4.690%$34K$16K10xas long as short
Coinbase International S-PERP-INTX−0.1456%1h0.04022+1.823%$48K$16K25xas long as short
GMX S/USD [WBTC.b-USDC]shortL −0.0206% / S +0.0198%1h0.04143+4.876%$1K100x
Variational Omni S−0.0114%4h0.04135+4.688%$641K$31Kas long as short
Reya SRUSDPERP−0.0101%1h0.04136+4.703%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04142+4.859%$3K150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+3.797%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0068%4h0.04139+4.785%$103K$333K10xas long as short
Lighter S+0.0096%1h0.04144+4.911%$173K$157K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04141+4.835%$1.0M$556K5xas long as short
Aster SUSDT+0.0100%4h0.04139+4.782%$45K$133K10xas long as short
Binance SUSDT+0.0100%4h0.04140+4.822%$5.7M$13.8M75xas long as short
Bybit SUSDT+0.0100%4h0.04136+4.709%$5.9M$4.5M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04136+4.709%$1.1M$4.0M20xas long as short
Gate S_USDT+0.0100%4h0.04140+4.810%$340K$201K50xas long as short
MEXC S_USDT+0.0100%4h0.04140+4.810%$4.1M$1.8M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04136+4.709%$1.9M$2.7M50xas long as short
Bitget SUSDT+0.0100%4h0.04138+4.759%$1.2M$2.1M50xas long as short
BingX S-USDT+0.0100%4h0.04140+4.810%$6.7Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04110+4.051%$25K$449K50xas long as short
Extended S-USD+0.0104%1h0.04139+4.776%$234K$1.1M10xas long as short
BloFin S-USDT+0.0340%4h0.04106+3.949%$285K$104K75xas long as short
Deribit S_USDC-PERPETUAL+0.0958%1h0.04144+4.911%$70K$10K10xas long as short
Backpack S_USDC_PERP+0.1619%1h0.04150+5.063%$123K$373K5xas long as short