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

GWEI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.1062%/8h= −116.3% APRpaid last 24h +0.008%
Price spread now: Extended against Gate+0.067%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costs−$289as in the Funding arb table
Net, price: spread back to 7d avg − costs−$297as in the Price arb table
costs, in and out, $10k−$2942.944% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.052%+$5 on $10k
Price spread, last 4 days (all we have)−0.138%−$14 · spread now +0.067%, 7d avg +0.094%
Together, before fees−0.087%+ Points / potential airdropExtended: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Extended is 0.027% cheaper against Gate than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.094%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.052%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.052% in total (about 2.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate GWEI_USDT0.024670.1462pay 0.0731% / 4h24m 37s$413K$461K10x
ShortExtended GWEI-USD0.024680.0400get 0.0050% / 1h24m 37s$4K$130K5x

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
−$223.02
Price spread: +0.067% → +0.094%
−$2.72
Slippage, 4 orders
−$274.43
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$520.17
Costs to cover
2.944%
Break-even
never at this rate
Slippage from Gate: live order book, 31 min ago; Extended: live order book, 31 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, 31 min ago5.88 bp65.7 bp −$66doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 31 min ago12.24 bp113.5 bp −$114doesn't fitdoesn't fitdoesn't fit

GWEI 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
Variational Omni GWEI+0.0100%4h0.02447−0.817%$5K$1Kas long as short
Bybit GWEIUSDT+0.0101%4h0.02475+0.336%$416K$198K25xas long as short
KuCoin GWEIUSDTM+0.0216%4h0.02451−0.632%$483K$27K20xas long as short
BingX GWEI-USDT+0.0302%4h0.02469+0.093%$1.6Mas long as short
Bitget GWEIUSDT+0.0304%4h0.02466−0.028%$2.0M$363K20xas long as short
MEXC GWEI_USDT+0.0396%4h0.02472+0.215%$121K$87K20xas long as short
BloFin GWEI-USDT+0.0397%4h0.02478+0.458%$186K$36K50xas long as short
Extended GWEI-USDshort+0.0400%1h0.02468+0.067%$4K$130K5x
Binance GWEIUSDT+0.0439%4h0.02471+0.182%$2.8M$3.6M50xas long as short
Gate GWEI_USDTlong+0.1462%4h0.02467long leg$413K$461K10x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster GWEIUSDT+0.1607%4h0.02471+0.174%$19K$25K10xas long as short