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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0200%/8h= −21.9% APRnext payment $0.25 per $10,000 · paid last 24h −1.780%
Price spread now: 01 Exchange against Coinbase International−0.680%7-day average · you buy dearer than you sell
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 3 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 against this trade now: funding costs −$6 a day on $10k at the current rate, and 01 Exchange is 0.680% cheaper against Coinbase International than usual: you would sell low and buy high (−$68 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International S-PERP-INTX0.03826−0.1576get 0.0197% / 1h6m 24s$47K$5K25x
Short01 Exchange SUSD0.03800−0.1776pay 0.0222% / 1h6m 24s$23K$2K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$42
Price spread: −0.680% → 0.000%
−$67.96
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$126.96
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Coinbase International: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell 01 Exchange no order-book sample
Coinbase International and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SUSDshort−0.1776%1h0.03800−0.680%$23K$2K5x
Kraken Futures PF_SUSD−0.1600%1h0.03905+2.077%$33K$26K10xas long as short
Coinbase International S-PERP-INTXlong−0.1576%1h0.03826long leg$47K$5K25x
Variational Omni S−0.0932%4h0.03888+1.633%$606K$31Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0198% / S +0.0191%1h0.03912+2.250%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03908+2.156%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03912+2.260%$603150xas long as short
Deribit S_USDC-PERPETUAL+0.0006%1h0.03914+2.300%$66K$10K10xas long as short
Orderly PERP_S_USDC+0.0030%4h0.03910+2.196%$100K$343K10xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+7.162%$2K$37K12xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter S+0.0096%1h0.03909+2.169%$164K$223K5xas long as short
Hyperliquid S+0.0100%1h0.03909+2.172%$981K$712K5xas long as short
Aster SUSDT+0.0100%4h0.03905+2.063%$43K$212K10xas long as short
Binance SUSDT+0.0100%4h0.03912+2.244%$5.3M$18.1M75xas long as short
Bybit SUSDT+0.0100%4h0.03902+1.986%$5.6M$5.4M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.03909+2.169%$976K$5.4M20xas long as short
Gate S_USDT+0.0100%4h0.03902+1.986%$318K$266K50xas long as short
MEXC S_USDT+0.0100%4h0.03912+2.248%$3.5M$2.3M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03904+2.039%$1.8M$3.0M50xas long as short
Bitget SUSDT+0.0100%4h0.03912+2.248%$1.2M$2.5M50xas long as short
BingX S-USDT+0.0100%4h0.03908+2.143%$6.7Mas long as short
ApeX Omni SUSDT+0.0100%1h0.03890+1.673%$25K$453K50xas long as short
Extended S-USD+0.0104%1h0.03908+2.142%$219K$877K10xas long as short
BloFin S-USDT+0.0340%4h0.03899+1.908%$266K$125K75xas long as short
Backpack S_USDC_PERP+0.0502%1h0.03910+2.196%$114K$300K5xas long as short