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

S

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.7688%/8h= −841.8% APRnext payment $9.61 per $10,000 · paid last 24h −2.239%
Price spread now: 01 Exchange against Extended−1.891%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 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
Both sides work against this trade now: funding costs −$231 a day on $10k at the current rate, and 01 Exchange is 1.891% cheaper against Extended than usual: you would sell low and buy high (−$189 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended S-USD0.040260.0104pay 0.0013% / 1h1m 44s$230K$588K10x
Short01 Exchange SUSD0.03950−0.7584pay 0.0948% / 1h1m 44s$24K$2K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$1,614.48
Price spread: −1.891% → 0.000%
−$189.07
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$1,815.55
Costs to cover
0.120%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 11 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 11 min ago3.70 bp33.6 bp −$34235.0 bp −$2,350doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SUSDshort−0.7584%1h0.03950−1.891%$24K$2K5x
Kraken Futures PF_SUSD−0.2393%1h0.04029+0.079%$35K$16K10xas long as short
Coinbase International S-PERP-INTX−0.1120%1h0.03961−1.617%$48K$16K25xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04032+0.153%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04029+0.061%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04032+0.144%$621150xas long as short
Variational Omni S+0.0010%4h0.04022−0.095%$625K$22Kas long as short
Injective S/USDC PERP+0.0033%1h0.04100+1.835%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0086%4h0.04033+0.171%$100K$588K10xas long as short
Lighter S+0.0096%1h0.04032+0.146%$172K$139K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04029+0.062%$1.0M$579K5xas long as short
Aster SUSDT+0.0100%4h0.04029+0.076%$47K$110K10xas long as short
Binance SUSDT+0.0100%4h0.04027+0.022%$5.7M$13.6M75xas long as short
Bybit SUSDT+0.0100%4h0.04023−0.078%$5.7M$4.1M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04026−0.003%$1.0M$3.7M20xas long as short
Gate S_USDT+0.0100%4h0.04025−0.028%$327K$179K50xas long as short
MEXC S_USDT+0.0100%4h0.04030+0.096%$4.1M$1.8M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04026−0.003%$1.8M$2.8M50xas long as short
Bitget SUSDT+0.0100%4h0.04029+0.071%$1.2M$2.3M50xas long as short
BingX S-USDT+0.0100%4h0.04028+0.047%$6.8Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04030+0.096%$23K$487K50xas long as short
Extended S-USDlong+0.0104%1h0.04026long leg$230K$588K10x
BloFin S-USDT+0.0340%4h0.04034+0.196%$280K$115K75xas long as short
Deribit S_USDC-PERPETUAL+0.0494%1h0.04035+0.221%$68K$10K10xas long as short
Backpack S_USDC_PERP+0.1756%1h0.04040+0.345%$117K$426K5xas long as short