Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.6884%/8h= −753.8% APRpaid last 24h −2.245%

Price spread now: 01 Exchange against Binance−0.779%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$207 a day on $10k at the current rate, and 01 Exchange is 0.779% cheaper against Binance than usual: you would sell low and buy high (−$78 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SUSDT	0.03991	0.0100	pay 0.0050% / 4h	18m 18s	$5.5M	$13.7M	75x
Short	01 Exchange SUSD	0.03960	−0.6784	pay 0.0848% / 1h	18m 18s	$25K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange against Binance. 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 BinancebpFee 01 ExchangebpOrdersPrice spread, now −0.779%Rate

Funding earned: −$1,445.64
Price spread: −0.779% → 0.000%: −$77.86
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$1,540.5
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 7 min ago; 01 Exchange: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 7 min ago	2.47 bp	18.9 bp −$19	63.2 bp −$632	3068.8 bp −$306.9K	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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.

S on 25 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
01 Exchange SUSDshort	−0.6784%	1h	0.03960	−0.779%	$25K	$2K	5x
Kraken Futures PF_SUSD	−0.2561%	1h	0.03986	−0.130%	$33K	$13K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1376%	1h	0.03963	−0.703%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03995	+0.086%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03991	−0.001%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03995	+0.111%	$3K	—	150x	as long as short
Variational Omni S	+0.0014%	4h	0.03993	+0.042%	$619K	$30K	—	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+2.729%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0066%	4h	0.03992	+0.023%	$99K	$292K	10x	as long as short
Lighter S	+0.0096%	1h	0.03994	+0.073%	$168K	$156K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03993	+0.046%	$996K	$551K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04000	+0.235%	$44K	$131K	10x	as long as short
Binance SUSDTlong	+0.0100%	4h	0.03991	long leg	$5.5M	$13.7M	75x
Bybit SUSDT	+0.0100%	4h	0.03993	+0.048%	$5.8M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03993	+0.048%	$1.0M	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03996	+0.123%	$325K	$191K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03993	+0.048%	$3.8M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03992	+0.023%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03998	+0.174%	$1.2M	$2.2M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03996	+0.123%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03990	−0.027%	$24K	$462K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03988	−0.085%	$229K	$1.1M	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0251%	1h	0.03996	+0.123%	$67K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03999	+0.199%	$278K	$96K	75x	as long as short
Backpack S_USDC_PERP	+0.1032%	1h	0.04010	+0.474%	$117K	$415K	5x	as long as short