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

US

all US markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0019%/8h= −2.1% APRpaid last 24h +0.004%
Price spread now: BloFin against Extended+0.064%94s7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$265as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2672.668% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.016%+$2 on $10k
Price spread, last 3 days (all we have)−0.100%−$10 · spread now +0.064%, 7d avg +0.071%
Together, before fees−0.084%+ Points / potential airdropExtended: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.071%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended US-USD0.016460.0176pay 0.0022% / 1h45m 43s$4K$141K5x
ShortBloFin US-USDT0.016470.0157get 0.0079% / 4h2h 45m$483K$49K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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
−$3.98
Price spread: +0.064% → +0.071%
−$0.69
Slippage, 4 orders
−$249.76
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$271.43
Costs to cover
2.668%
Break-even
never at this rate
Slippage from Extended: live order book, 39 min ago; BloFin: live order book, 40 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 39 min ago5.74 bp138.3 bp −$138905.2 bp −$9,052doesn't fitdoesn't fit
Sell BloFin live order book, 40 min ago1.21 bp11.1 bp −$1137.6 bp −$376doesn't fitdoesn't fit

US on 11 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
Aster USUSDT+0.0100%4h0.01645−0.039%$12K$54K5xas long as short
Bybit USUSDT+0.0100%4h0.01647+0.040%$3.3M$821K20xas long as short
Gate US_USDT+0.0100%4h0.01643−0.160%$2.1M$537K20xas long as short
KuCoin USUSDTM+0.0100%4h0.01642−0.245%$4.2M$273K20xas long as short
Variational Omni US+0.0100%4h0.01645−0.063%$16K$3Kas long as short
BloFin US-USDTshort+0.0157%4h0.01647+0.064%$483K$49K10x
Binance USUSDT+0.0166%4h0.01645−0.045%$9.2M$3.1M10xas long as short
MEXC US_USDT+0.0172%4h0.01645−0.045%$5.5M$115K100xas long as short
Extended US-USDlong+0.0176%1h0.01646long leg$4K$141K5x
Bitget USUSDT+0.0622%4h0.01648+0.089%$4.3M$244K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX US-USDT+0.0622%4h0.01646+0.010%$1.3Mas long as short