Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h +0.011%

Price spread now: gTrade (Gains Network) against OKX+0.108%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on OKX Short on gTrade (Gains Network)

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.108% dearer against OKX than usual: you sell high and buy low (spread +0.108% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX S-USDT-SWAP	0.03960	0.0100	pay 0.0050% / 4h	3h 52m	$980K	$4.7M	20x
Short	gTrade (Gains Network) S/USD	0.03964	L +0.0001% / S +0.0006%	pay 0.0001% / 1h	52m 24s	$611	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Position, each leg$Hold fordaysFee OKXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.108%Rate

Funding earned: −$22.28
Price spread: +0.108% → 0.000%: $10.76
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$31.53
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 5 min ago	1.26 bp	38.1 bp −$38	doesn't fit	doesn't fit	doesn'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 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange SUSD	−0.8776%	1h	0.03840	−3.030%	$23K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2044%	1h	0.03953	−0.185%	$34K	$23K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1240%	1h	0.03826	−3.384%	$47K	$5K	25x	as long as short
Variational Omni S	−0.1023%	4h	0.03959	−0.026%	$614K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03960	+0.008%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03961	+0.016%	$4	—	15x	as long as short
gTrade (Gains Network) S/USDshort	L +0.0001% / S +0.0006%	1h	0.03964	+0.108%	$611	—	150x
Deribit S_USDC-PERPETUAL	+0.0003%	1h	0.03961	+0.025%	$67K	$10K	10x	as long as short
Orderly PERP_S_USDC	+0.0024%	4h	0.03956	−0.101%	$101K	$336K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.535%	$2K	$37K	12x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	0.03963	+0.076%	$161K	$190K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03962	+0.043%	$992K	$646K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03960	+0.005%	$43K	$141K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03962	+0.051%	$5.4M	$16.3M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03956	−0.101%	$5.6M	$5.1M	50x	as long as short
OKX S-USDT-SWAPlong	+0.0100%	4h	0.03960	long leg	$980K	$4.7M	20x
Gate S_USDT	+0.0100%	4h	0.03954	−0.152%	$322K	$215K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03962	+0.051%	$3.7M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03961	+0.025%	$1.8M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03964	+0.101%	$1.2M	$2.4M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03961	+0.025%	—	$6.7M	—	as long as short
Backpack S_USDC_PERP	+0.0100%	1h	0.03960	0.000%	$115K	$317K	5x	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03960	0.000%	$25K	$451K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03958	−0.059%	$222K	$896K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03952	−0.202%	$266K	$125K	75x	as long as short