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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0110%/8h= −12.1% APRnext payment $0.14 per $10,000 · paid last 24h −0.032%
Price spread now: gTrade (Gains Network) against Extended+0.227%7-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 fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
The price spread pays, funding is against you. gTrade (Gains Network) is 0.227% dearer against Extended than usual: you sell high and buy low (spread +0.227% now, against zero (this spread has no 7-day history yet)): +$23 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.9 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended S-USD0.045250.0104pay 0.0013% / 1h6m 16s$258K$1.3M10x
ShortgTrade (Gains Network) S/USD0.04535L +0.0001% / S +0.0006%pay 0.0001% / 1h6m 16s$699150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Extended. 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
−$23.12
Price spread: +0.227% → 0.000%
$22.69
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$15.43
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Extended: live order book, 5 min ago; 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 Extended live order book, 5 min ago4.40 bp35.7 bp −$36275.6 bp −$2,756doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
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−1.0720%1h0.04430−2.101%$27K$3K5xas long as short
Kraken Futures PF_SUSD−0.4640%1h0.04523−0.050%$38K$28K10xas long as short
Coinbase International S-PERP-INTX−0.1904%1h0.04510−0.333%$55K$23K25xas long as short
Variational Omni S−0.1230%4h0.04513−0.270%$722K$49Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0336% / S +0.0211%1h0.04538+0.282%$2K100xas long as short
Orderly PERP_S_USDC−0.0116%4h0.04529+0.087%$112K$637K10xas long as short
Reya SRUSDPERP−0.0101%1h0.04530+0.110%$515xas long as short
OKX S-USDT-SWAP−0.0040%4h0.04530+0.109%$1.4M$7.6M20xas long as short
gTrade (Gains Network) S/USDshortL +0.0001% / S +0.0006%1h0.04535+0.227%$699150x
Bybit SUSDT+0.0028%4h0.04524−0.023%$6.5M$6.7M50xas long as short
Show all 25 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter S+0.0096%1h0.04528+0.065%$158K$158K5xas long as short
Hyperliquid S+0.0100%1h0.04532+0.162%$1.1M$1.0M5xas long as short
Aster SUSDT+0.0100%4h0.04531+0.129%$48K$170K10xas long as short
Binance SUSDT+0.0100%4h0.04532+0.154%$6.9M$25.9M75xas long as short
Gate S_USDT+0.0100%4h0.04524−0.023%$383K$388K50xas long as short
MEXC S_USDT+0.0100%4h0.04532+0.154%$4.0M$3.7M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04527+0.043%$2.2M$3.0M50xas long as short
Bitget SUSDT+0.0100%4h0.04530+0.109%$1.4M$3.5M50xas long as short
BingX S-USDT+0.0100%4h0.04531+0.131%$7.1Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04540+0.330%$24K$532K50xas long as short
Extended S-USDlong+0.0104%1h0.04525long leg$258K$1.3M10x
Injective S/USDC PERP+0.0140%1h0.04600+1.656%$2K$212xas long as short
Backpack S_USDC_PERP+0.0163%1h0.04540+0.330%$103K$458K5xas long as short
BloFin S-USDT+0.0340%4h0.04540+0.330%$366K$240K75xas long as short
Deribit S_USDC-PERPETUAL+0.0412%1h0.04536+0.242%$76K$62310xas long as short