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

ID

all ID markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0073%/8h= +8.0% APRnext payment +$0.37 per $10,000 · paid last 24h −0.068%
Price spread now: BloFin against Gate0.000%7-day average +0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$261as in the Funding arb table
Net, price: spread back to 7d avg − costs−$249as in the Price arb table
costs, in and out, $10k−$2482.475% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.134%−$13 on $10k
Price spread, last 4 days (all we have)+0.021%+$2 · spread now 0.000%, 7d avg +0.016%
Together, before fees−0.113%−$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.134%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ID_USDT0.037650.0022pay 0.0011% / 4h2h 33m$250K$218K25x
ShortBloFin ID-USDT0.037650.0095get 0.0048% / 4h2h 33m$156K$15K50x

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
$15.35
Price spread: 0.000% → +0.016%
−$1.64
Slippage, 4 orders
−$220.54
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$233.83
Costs to cover
2.475%
Break-even
113.6 days
Slippage from Gate: live order book, 8 min ago; BloFin: live order book, 38 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, 8 min ago1.32 bp53.8 bp −$54doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 38 min ago2.63 bp15.3 bp −$1538.4 bp −$384doesn't fitdoesn't fit

ID 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
Gate ID_USDTlong+0.0022%4h0.03765long leg$250K$218K25x
BloFin ID-USDTshort+0.0095%4h0.037650.000%$156K$15K50x
Aster IDUSDT+0.0100%4h0.037650.000%$9K$2K5xas long as short
Binance IDUSDT+0.0100%4h0.03763−0.062%$2.4M$3.8M50xas long as short
Bybit IDUSDT+0.0100%8h0.03763−0.053%$1.4M$1.1M25xas long as short
MEXC ID_USDT+0.0100%4h0.03761−0.106%$373K$214K20xas long as short
KuCoin IDUSDTM+0.0100%4h0.03762−0.080%$1.0M$66K30xas long as short
Bitget IDUSDT+0.0100%4h0.03763−0.053%$799K$617K50xas long as short
Variational Omni ID+0.0100%8h0.03776+0.290%$12K$20Kas long as short
BingX ID-USDT+0.0200%4h0.03763−0.053%$2.3Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_IDUSD+0.0282%1h0.03761−0.095%$4K$5K10xas long as short