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

PURR

RWAall PURR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0209%/8h= +22.9% APRnext payment +$2.09 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bitget+0.374%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 7 days−0.077%−$8 on $10k
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 +$6 a day on $10k at the current rate, and Gate is 0.374% dearer against Bitget than usual: you sell high and buy low: +$37 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.077%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.077% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.09 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget PURRUSDT13.380−0.0209get 0.0209% / 8h4h 25m$377K$2.0M20x
ShortGate PURR_USDT13.4300get 0.0000% / 8h4h 25m$52K$37K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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
$43.89
Price spread: +0.374% → 0.000%
$37.37
Slippage, 4 orders
no order book: not counted
Fee Bitget: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$54.26
Costs to cover
0.270%
Break-even
from the start
Slippage unknown: Bitget: live order book, 2 min ago; Gate: 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 Bitget live order book, 2 min ago22.79 bp44.5 bp −$4458.0 bp −$580doesn't fitdoesn't fit
Sell Gate no order-book sample
Gate: 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.

PURR on 8 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
Bitget PURRUSDTlong−0.0209%8h13.380long leg$377K$2.0M20x
QFEX PURR-USD0.0000%1h13.370−0.075%$1.3M$1.6M10xas long as short
Bybit PURRUSDT0.0000%8h13.391+0.082%$588K$872K25xas long as short
OKX PURR-USDT-SWAP0.0000%8h13.420+0.299%$576K$1.2M20xas long as short
Gate PURR_USDTshort0.0000%8h13.430+0.374%$52K$37K20x
HTX PURR-USDT0.0000%1h13.452+0.538%$7K$344K20xas long as short
Ondo Perps PURR-USD.P+0.0050%1h13.332−0.359%$7K$52K5xas long as short
Extended PURR-USD+0.0720%1h13.386+0.043%$191K$242K10xas long as short