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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC+1.0650%/8h= +1166.2% APRnext payment +$13.31 per $10,000 · paid last 24h +1.983%
Price spread now: gTrade (Gains Network) against 01 Exchange+2.147%48s7-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 +$319 a day on $10k at the current rate, and gTrade (Gains Network) is 2.147% dearer against 01 Exchange than usual: you sell high and buy low: +$215 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange SUSD0.04440−1.0656get 0.1332% / 1h5m 33s$27K$3K5x
ShortgTrade (Gains Network) S/USD0.04535L +0.0001% / S +0.0006%pay 0.0001% / 1h5m 33s$699150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
$2,236.48
Price spread: +2.147% → 0.000%
$214.68
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
$2,434.16
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: 01 Exchange: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy 01 Exchange no order-book sample
Sell gTrade (Gains Network) no order-book sample
01 Exchange and 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 exchanges

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−1.0656%1h0.04440long leg$27K$3K5x
Kraken Futures PF_SUSD−0.4640%1h0.04523+1.864%$38K$28K10xas long as short
Coinbase International S-PERP-INTX−0.1904%1h0.04510+1.577%$55K$23K25xas long as short
Variational Omni S−0.1258%4h0.04524+1.887%$724K$50Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0336% / S +0.0211%1h0.04538+2.203%$2K100xas long as short
Orderly PERP_S_USDC−0.0116%4h0.04529+2.005%$112K$637K10xas long as short
Reya SRUSDPERP−0.0101%1h0.04530+2.028%$515xas long as short
OKX S-USDT-SWAP−0.0040%4h0.04547+2.410%$1.4M$7.6M20xas long as short
gTrade (Gains Network) S/USDshortL +0.0001% / S +0.0006%1h0.04535+2.147%$699150x
Bybit SUSDT+0.0036%4h0.04540+2.252%$6.5M$6.7M50xas long as short
Show all 25 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter S+0.0096%1h0.04538+2.207%$158K$158K5xas long as short
Hyperliquid S+0.0100%1h0.04537+2.176%$1.1M$1.0M5xas long as short
Aster SUSDT+0.0100%4h0.04541+2.283%$48K$171K10xas long as short
Binance SUSDT+0.0100%4h0.04548+2.432%$7.0M$25.9M75xas long as short
Gate S_USDT+0.0100%4h0.04537+2.185%$384K$388K50xas long as short
MEXC S_USDT+0.0100%4h0.04548+2.432%$4.1M$3.7M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04548+2.432%$2.2M$3.0M50xas long as short
Bitget SUSDT+0.0100%4h0.04545+2.365%$1.4M$3.5M50xas long as short
BingX S-USDT+0.0100%4h0.04543+2.320%$7.1Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04540+2.252%$24K$532K50xas long as short
Extended S-USD+0.0104%1h0.04540+2.248%$258K$1.3M10xas long as short
Injective S/USDC PERP+0.0140%1h0.04600+3.604%$2K$212xas long as short
Backpack S_USDC_PERP+0.0163%1h0.04540+2.252%$103K$458K5xas long as short
BloFin S-USDT+0.0340%4h0.04540+2.252%$366K$240K75xas long as short
Deribit S_USDC-PERPETUAL+0.0412%1h0.04536+2.162%$76K$62310xas long as short