Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.006%

Price spread now: Extended against Gate+0.080%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$422as in the Funding arb table

Net, price: spread back to 7d avg − costs−$446as in the Price arb table

costs, in and out, $10k−$4484.481% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.264%+$26 on $10k

Price spread, last 4 days (all we have)−0.022%−$2 · spread now +0.080%, 7d avg +0.056%

Together, before fees+0.242%+ Points / potential airdropExtended: Active · farm board+$24 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: Extended is 0.024% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate H_USDT	0.06903	0.0100	pay 0.0050% / 4h	2h 10m	$2.8M	$1.9M	10x
Short	Extended H-USD	0.06909	0.0104	get 0.0013% / 1h	10m 53s	$11K	$107K	5x

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

Position, each leg$Hold fordaysFee GatebpFee ExtendedbpOrdersPrice spread, now +0.080%Rate

Funding earned: $0.84
Price spread: +0.080% → +0.056%: $2.38
Slippage, 4 orders: −$428.14
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$444.92
Costs to cover: 4.481%
Break-even: 3714.7 days

Slippage from Gate: live order book, 2 min ago; Extended: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 2 min ago	6.49 bp	85.7 bp −$86	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 9 min ago	2.13 bp	62.9 bp −$63	doesn't fit	doesn't fit	doesn't fit

H on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective H/USDC PERP	+0.0033%	1h	0.06250	−9.460%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0070%	4h	0.06928	+0.362%	$595K	$113K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06913	+0.151%	$116K	$47K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06909	+0.081%	$14.8M	$10.4M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06898	−0.072%	$7.5M	$4.5M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06904	+0.014%	$1.7M	$5.7M	10x	as long as short
Gate H_USDTlong	+0.0100%	4h	0.06903	long leg	$2.8M	$1.9M	10x
MEXC H_USDT	+0.0100%	4h	0.06910	+0.101%	$6.3M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06909	+0.087%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06895	−0.116%	$1.7M	$453K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06909	+0.087%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06946	+0.626%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06939	+0.519%	$1.2M	$469K	10x	as long as short
Extended H-USDshort	+0.0104%	1h	0.06909	+0.080%	$11K	$107K	5x