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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.004%
Price spread now: Gate against Extended+0.056%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$199as in the Funding arb table
Net, price: spread back to 7d avg − costs−$205as in the Price arb table
costs, in and out, $10k−$2062.060% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.065%+$7 on $10k
Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.056%, 7d avg +0.043%
Together, before fees−0.038%+ Points / potential airdropExtended: Active · farm board−$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended S-USD0.039930.0104pay 0.0013% / 1h6m 33s$224K$1.1M10x
ShortGate S_USDT0.039950.0100get 0.0050% / 4h3h 06m$329K$218K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
−$0.84
Price spread: +0.056% → +0.043%
$1.29
Slippage, 4 orders
−$185.97
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$205.52
Costs to cover
2.060%
Break-even
never at this rate
Slippage from Extended: live order book, 2 min ago; Gate: live order book, 63 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 Extended live order book, 2 min ago3.75 bp43.4 bp −$43267.7 bp −$2,677doesn't fitdoesn't fit
Sell Gate live order book, 63 min ago8.92 bp60.5 bp −$61doesn't fitdoesn't fitdoesn't fit

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
Kraken Futures PF_SUSD−0.2019%1h0.04001+0.204%$34K$23K10xas long as short
01 Exchange SUSD−0.1656%1h0.03990−0.069%$25K$2K5xas long as short
Coinbase International S-PERP-INTX−0.1240%1h0.03959−0.845%$49K$5K25xas long as short
Variational Omni S−0.0682%4h0.03997+0.102%$621K$31Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04002+0.222%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03999+0.166%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04002+0.222%$617150xas long as short
Orderly PERP_S_USDC+0.0027%4h0.04001+0.207%$102K$331K10xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+2.686%$2K$37K12xas long as short
Lighter S+0.0096%1h0.04005+0.307%$164K$192K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04001+0.199%$1.0M$621K5xas long as short
Aster SUSDT+0.0100%4h0.04003+0.250%$44K$141K10xas long as short
Binance SUSDT+0.0100%4h0.03993+0.006%$5.5M$15.6M75xas long as short
Bybit SUSDT+0.0100%4h0.03988−0.119%$5.7M$4.9M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.03994+0.031%$979K$4.5M20xas long as short
Gate S_USDTshort+0.0100%4h0.03995+0.056%$329K$218K50x
MEXC S_USDT+0.0100%4h0.03997+0.106%$3.6M$1.9M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03998+0.131%$1.8M$2.9M50xas long as short
Bitget SUSDT+0.0100%4h0.03995+0.056%$1.2M$2.4M50xas long as short
BingX S-USDT+0.0100%4h0.03995+0.056%$6.7Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04010+0.432%$26K$446K50xas long as short
Extended S-USDlong+0.0104%1h0.03993long leg$224K$1.1M10x
Backpack S_USDC_PERP+0.0298%1h0.04010+0.432%$117K$324K5xas long as short
BloFin S-USDT+0.0340%4h0.04006+0.332%$271K$127K75xas long as short
Deribit S_USDC-PERPETUAL+0.0500%1h0.04005+0.307%$67K$10K10xas long as short