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

ESP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0006%/8h= −0.7% APRpaid last 24h +0.004%
Price spread now: BloFin against Gate+0.073%7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$141as in the Funding arb table
Net, price: spread back to 7d avg − costs−$149as in the Price arb table
costs, in and out, $10k−$1611.605% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.200%+$20 on $10k
Price spread, last 4 days (all we have)−0.006%−$1 · spread now +0.073%, 7d avg −0.043%
Together, before fees+0.194%+$19 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.117% dearer against Gate than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.043%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ESP_USDT0.095280.0100pay 0.0100% / 8h7h 48m$193K$600K50x
ShortBloFin ESP-USDT0.095350.0094get 0.0047% / 4h3h 48m$127K$35K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
−$1.36
Price spread: +0.073% → −0.043%
$11.68
Slippage, 4 orders
−$133.53
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$150.22
Costs to cover
1.605%
Break-even
never at this rate
Slippage from Gate: live order book, 48 min ago; BloFin: live order book, 7 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, 48 min ago11.57 bp68.8 bp −$69doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 7 min ago1.05 bp13.5 bp −$1436.5 bp −$365doesn't fitdoesn't fit

ESP 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
BloFin ESP-USDTshort+0.0094%4h0.09535+0.073%$127K$35K25x
Aster ESPUSDT+0.0100%4h0.09526−0.021%$8K$18K5xas long as short
Binance ESPUSDT+0.0100%4h0.09531+0.029%$2.4M$4.1M25xas long as short
OKX ESP-USDT-SWAP+0.0100%4h0.09550+0.231%$608K$1.1M20xas long as short
Gate ESP_USDTlong+0.0100%8h0.09528long leg$193K$600K50x
MEXC ESP_USDT+0.0100%4h0.09527−0.010%$1.3M$129K20xas long as short
KuCoin ESPUSDTM+0.0100%4h0.09539+0.115%$1.5M$38K25xas long as short
Bitget ESPUSDT+0.0100%4h0.09527−0.016%$971K$149K20xas long as short
edgeX ESPUSDC+0.0117%4h0.09543+0.157%$29K$267K10xas long as short
Bybit ESPUSDT+0.3038%4h0.09518−0.105%$1.1M$683K50xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ESP-USDT+0.4826%4h0.09532+0.042%$1.7Mas long as short