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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.9585%/8h= −1049.5% APRnext payment $11.98 per $10,000 · paid last 24h −2.161%
Price spread now: 01 Exchange against gTrade (Gains Network)+2.244%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. 01 Exchange is 2.244% dearer against gTrade (Gains Network) than usual: you sell high and buy low (spread +2.244% now, against zero (this spread has no 7-day history yet)): +$224 on $10k if it goes back. Holding the pair costs −$288 a day in funding at the current rate, which eats that in about 19 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) S/USD0.04411L +0.0001% / S +0.0006%pay 0.0000% / 1h4m 51s$679150x
Short01 Exchange SUSD0.04510−0.9584pay 0.1198% / 1h4m 51s$28K$2K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against gTrade (Gains Network). 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
−$2,012.76
Price spread: +2.244% → 0.000%
$224.39
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$1,805.36
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample
Sell 01 Exchange no order-book sample
gTrade (Gains Network) 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−0.9584%1h0.04510+2.244%$28K$2K5x
Kraken Futures PF_SUSD−0.1797%1h0.04398−0.291%$36K$23K10xas long as short
Coinbase International S-PERP-INTX−0.1064%1h0.04342−1.565%$53K$18K25xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04411+0.006%$2K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04401−0.229%$415xas long as short
Variational Omni S−0.0036%4h0.04374−0.830%$678K$7Kas long as short
gTrade (Gains Network) S/USDlongL +0.0001% / S +0.0006%1h0.04411long leg$679150x
Injective S/USDC PERP+0.0033%1h0.04100−7.051%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0089%4h0.04412+0.022%$110K$605K10xas long as short
Lighter S+0.0096%1h0.04412+0.022%$190K$143K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04418+0.156%$1.1M$642K5xas long as short
Aster SUSDT+0.0100%4h0.04412+0.022%$48K$152K10xas long as short
Binance SUSDT+0.0100%4h0.04407−0.100%$6.4M$15.6M75xas long as short
Bybit SUSDT+0.0100%4h0.04396−0.341%$6.3M$4.5M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04395−0.363%$1.2M$4.5M20xas long as short
Gate S_USDT+0.0100%4h0.04405−0.136%$353K$208K50xas long as short
MEXC S_USDT+0.0100%4h0.04408−0.068%$4.6M$2.1M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04402−0.204%$2.0M$2.8M50xas long as short
Bitget SUSDT+0.0100%4h0.04407−0.091%$1.3M$2.5M50xas long as short
BingX S-USDT+0.0100%4h0.04408−0.068%$6.9Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04350−1.383%$25K$506K50xas long as short
Extended S-USD+0.0104%1h0.04396−0.348%$244K$1.3M10xas long as short
BloFin S-USDT+0.0340%4h0.04388−0.522%$300K$121K75xas long as short
Backpack S_USDC_PERP+0.0970%1h0.04410−0.023%$107K$468K5xas long as short
Deribit S_USDC-PERPETUAL+0.1110%1h0.04418+0.158%$74K$10K10xas long as short