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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.1898%/8h= +207.8% APRnext payment +$2.37 per $10,000 · paid last 24h +0.485%
Price spread now: gTrade (Gains Network) against Coinbase International+10.785%188s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$57 a day on $10k at the current rate, and gTrade (Gains Network) is 10.785% dearer against Coinbase International than usual: you sell high and buy low: +$1,079 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 188 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International S-PERP-INTX0.04128−0.1904get 0.0238% / 1h49m 48s$50K$18K25x
ShortgTrade (Gains Network) S/USD0.04573L +0.0001% / S +0.0006%pay 0.0001% / 1h49m 48s$705150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Coinbase International. 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
$398.56
Price spread: +10.785% → 0.000%
$1,078.54
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
$1,457.09
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: Coinbase International: no order-book sample; gTrade (Gains Network): 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell gTrade (Gains Network) no order-book sample
Coinbase International and gTrade (Gains Network): 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SUSD−1.0176%1h0.04430+7.316%$27K$3K5xas long as short
Kraken Futures PF_SUSD−0.4603%1h0.04560+10.456%$39K$23K10xas long as short
Coinbase International S-PERP-INTXlong−0.1904%1h0.04128long leg$50K$18K25x
Variational Omni S−0.0755%4h0.04545+10.110%$701K$11Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0336% / S +0.0211%1h0.04568+10.647%$2K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04551+10.257%$515xas long as short
Orderly PERP_S_USDC−0.0037%4h0.04571+10.732%$113K$645K10xas long as short
Deribit S_USDC-PERPETUAL0.0000%1h0.04576+10.853%$77K$51210xas long as short
gTrade (Gains Network) S/USDshortL +0.0001% / S +0.0006%1h0.04573+10.785%$705150x
Lighter S+0.0096%1h0.04547+10.150%$158K$141K5xas long as short
Show all 25 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04549+10.191%$1.2M$867K5xas long as short
Aster SUSDT+0.0100%4h0.04554+10.308%$48K$154K10xas long as short
Binance SUSDT+0.0100%4h0.04551+10.247%$6.8M$20.2M75xas long as short
Bybit SUSDT+0.0100%4h0.04543+10.053%$6.4M$5.3M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04550+10.223%$1.4M$6.2M20xas long as short
Gate S_USDT+0.0100%4h0.04551+10.247%$384K$227K50xas long as short
MEXC S_USDT+0.0100%4h0.04552+10.271%$4.5M$3.0M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04549+10.199%$2.2M$2.9M50xas long as short
Bitget SUSDT+0.0100%4h0.04552+10.271%$1.4M$2.9M50xas long as short
BingX S-USDT+0.0100%4h0.04547+10.150%$7.0Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04580+10.950%$26K$523K50xas long as short
Extended S-USD+0.0104%1h0.04544+10.071%$242K$1.3M10xas long as short
Injective S/USDC PERP+0.0140%1h0.04600+11.434%$2K$212xas long as short
BloFin S-USDT+0.0340%4h0.04570+10.707%$336K$217K75xas long as short
Backpack S_USDC_PERP+0.0630%1h0.04570+10.707%$108K$461K5xas long as short