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

US

all US markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.134%
Price spread now: Extended against Gate+0.155%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$287as in the Funding arb table
Net, price: spread back to 7d avg − costs−$314as in the Price arb table
costs, in and out, $10k−$3233.226% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.357%+$36 on $10k
Price spread, last 4 days (all we have)−0.025%−$2 · spread now +0.155%, 7d avg +0.074%
Together, before fees+0.332%+ Points / potential airdropExtended: Active · farm board+$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Extended is 0.081% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.074%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate US_USDT0.016340.0100pay 0.0050% / 4h55m 30s$2.1M$585K20x
ShortExtended US-USD0.016360.0240get 0.0030% / 1h55m 30s$5K$97K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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
$29.4
Price spread: +0.155% → +0.074%
$8.11
Slippage, 4 orders
−$302.58
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$285.07
Costs to cover
3.226%
Break-even
74.9 days
Slippage from Gate: live order book, 2 min ago; Extended: live order book, 53 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 Gate live order book, 2 min ago16.24 bp73.0 bp −$73doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 53 min ago6.42 bp83.4 bp −$83doesn't fitdoesn'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
Bybit USUSDT+0.0100%4h0.01637+0.190%$3.2M$923K20xas long as short
Gate US_USDTlong+0.0100%4h0.01634long leg$2.1M$585K20x
KuCoin USUSDTM+0.0100%4h0.01631−0.171%$4.1M$287K20xas long as short
Variational Omni US+0.0100%4h0.01637+0.204%$16K$3Kas long as short
BloFin US-USDT+0.0208%4h0.01635+0.061%$483K$48K10xas long as short
Binance USUSDT+0.0230%4h0.01637+0.196%$9.1M$3.3M10xas long as short
Extended US-USDshort+0.0240%1h0.01636+0.155%$5K$97K5x
MEXC US_USDT+0.0240%4h0.01637+0.190%$5.5M$111K100xas long as short
Aster USUSDT+0.0274%4h0.01636+0.108%$12K$54K5xas long as short
Bitget USUSDT+0.0316%4h0.01639+0.330%$4.3M$260K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX US-USDT+0.0322%4h0.01638+0.220%$1.3Mas long as short