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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.038%
Price spread now: Binance against OKX+0.038%7-day average +0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$93as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1071.065% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.136%+$14 on $10k
Price spread, last 7 days−0.038%−$4 · spread now +0.038%, 7d avg +0.027%
Together, before fees+0.098%+$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX S-USDT-SWAP0.040290.0100pay 0.0050% / 4h2h 45m$1.0M$4.5M20x
ShortBinance SUSDT0.040310.0100get 0.0050% / 4h2h 45m$5.5M$15.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against OKX. 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
Price spread: +0.038% → +0.027%
$1.02
Slippage, 4 orders
−$86.54
Fee OKX: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$105.51
Costs to cover
1.065%
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; Binance: live order book, 10 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 OKX live order book, 2 min ago4.97 bp40.8 bp −$41doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 10 min ago2.53 bp22.2 bp −$2266.1 bp −$661doesn'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
01 Exchange SUSD−0.8144%1h0.03850−4.443%$24K$2K5xas long as short
Coinbase International S-PERP-INTX−0.1464%1h0.03946−2.060%$49K$5K25xas long as short
Kraken Futures PF_SUSD−0.1260%1h0.04022−0.162%$34K$23K10xas long as short
Variational Omni S−0.0553%4h0.04015−0.338%$624K$30Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04022−0.184%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04028−0.028%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04031+0.061%$2K150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+1.762%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0039%4h0.04032+0.074%$101K$323K10xas long as short
Lighter S+0.0096%1h0.040290.000%$166K$165K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04031+0.037%$1.0M$611K5xas long as short
Aster SUSDT+0.0100%4h0.04034+0.132%$44K$137K10xas long as short
Binance SUSDTshort+0.0100%4h0.04031+0.038%$5.5M$15.4M75x
Bybit SUSDT+0.0100%4h0.04026−0.074%$5.8M$4.9M50xas long as short
OKX S-USDT-SWAPlong+0.0100%4h0.04029long leg$1.0M$4.5M20x
Gate S_USDT+0.0100%4h0.04026−0.074%$332K$199K50xas long as short
MEXC S_USDT+0.0100%4h0.04032+0.074%$3.7M$1.8M200xas long as short
KuCoin SUSDTM+0.0100%4h0.040290.000%$1.9M$2.9M50xas long as short
Bitget SUSDT+0.0100%4h0.04030+0.025%$1.2M$2.4M50xas long as short
BingX S-USDT+0.0100%4h0.040290.000%$6.7Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04020−0.223%$26K$447K50xas long as short
Extended S-USD+0.0104%1h0.04029−0.001%$226K$1.1M10xas long as short
BloFin S-USDT+0.0340%4h0.04024−0.124%$272K$122K75xas long as short
Deribit S_USDC-PERPETUAL+0.0993%1h0.040290.000%$68K$10K10xas long as short
Backpack S_USDC_PERP+0.1026%1h0.04040+0.273%$117K$333K5xas long as short