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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.6464%/8h= +707.8% APRnext payment +$8.08 per $10,000 · paid last 24h +1.686%
Price spread now: Coinbase International against 01 Exchange+0.278%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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work for this trade now. Funding pays +$194 a day on $10k at the current rate, and Coinbase International is 0.278% dearer against 01 Exchange than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange SUSD0.03950−0.7584get 0.0948% / 1h2m 31s$24K$2K5x
ShortCoinbase International S-PERP-INTX0.03961−0.1120pay 0.0140% / 1h2m 31s$48K$16K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against 01 Exchange. 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
$1,357.44
Price spread: +0.278% → 0.000%
$27.85
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$1,368.29
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: 01 Exchange: no order-book sample; Coinbase International: 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 01 Exchange no order-book sample
Sell Coinbase International no order-book sample
01 Exchange and Coinbase International: 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 SUSDlong−0.7584%1h0.03950long leg$24K$2K5x
Kraken Futures PF_SUSD−0.2395%1h0.04026+1.918%$35K$16K10xas long as short
Coinbase International S-PERP-INTXshort−0.1120%1h0.03961+0.278%$48K$16K25x
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04032+2.084%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04029+1.990%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04032+2.074%$621150xas long as short
Variational Omni S+0.0010%4h0.04022+1.830%$625K$22Kas long as short
Injective S/USDC PERP+0.0033%1h0.04100+3.797%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0086%4h0.04032+2.076%$100K$587K10xas long as short
Lighter S+0.0096%1h0.04035+2.152%$172K$139K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04032+2.066%$1.0M$579K5xas long as short
Aster SUSDT+0.0100%4h0.04033+2.090%$48K$110K10xas long as short
Binance SUSDT+0.0100%4h0.04031+2.038%$5.7M$13.6M75xas long as short
Bybit SUSDT+0.0100%4h0.04027+1.949%$5.7M$4.1M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04028+1.975%$1.0M$3.7M20xas long as short
Gate S_USDT+0.0100%4h0.04024+1.873%$327K$179K50xas long as short
MEXC S_USDT+0.0100%4h0.04031+2.051%$4.1M$1.8M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04026+1.924%$1.8M$2.8M50xas long as short
Bitget SUSDT+0.0100%4h0.04033+2.101%$1.2M$2.3M50xas long as short
BingX S-USDT+0.0100%4h0.04030+2.025%$6.8Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04030+2.025%$23K$487K50xas long as short
Extended S-USD+0.0104%1h0.04028+1.984%$227K$542K10xas long as short
BloFin S-USDT+0.0340%4h0.04034+2.127%$280K$115K75xas long as short
Deribit S_USDC-PERPETUAL+0.0742%1h0.04036+2.177%$68K$10K10xas long as short
Backpack S_USDC_PERP+0.1758%1h0.04040+2.278%$117K$426K5xas long as short