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

SLX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0236%/8h= −25.8% APRnext payment $1.18 per $10,000 · paid last 24h +0.117%
Price spread now: OKX against Bitget+0.015%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$830.833% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.304%+$30 on $10k
Price spread, last 4 days (all we have)+0.130%+$13 · spread now +0.015%, 7d avg +0.064%
Together, before fees+0.434%+$43 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and OKX is 0.048% cheaper against Bitget than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.064%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.304%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SLXUSDT0.066260.0510pay 0.0255% / 4h3h 54m$1.0M$333K20x
ShortOKX SLX-USDT-SWAP0.066270.0274get 0.0137% / 4h3h 54m$1.8M$1.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX against Bitget. 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
−$49.49
Price spread: +0.015% → +0.064%
−$4.84
Slippage, 4 orders
−$61.3
Fee Bitget: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$137.63
Costs to cover
0.833%
Break-even
never at this rate
Slippage from Bitget: live order book, 1 min ago; OKX: live order book, 2 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 Bitget live order book, 1 min ago3.77 bp25.9 bp −$26116.7 bp −$1,167doesn't fitdoesn't fit
Sell OKX live order book, 2 min ago0.75 bp15.3 bp −$15doesn't fitdoesn't fitdoesn't fit

SLX on 11 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
KuCoin SLXUSDTM+0.0100%4h0.06622−0.060%$972K$1.7M20xas long as short
SunX SLX-USDT+0.0100%4h0.06652+0.392%$1K$426K20xas long as short
Gate SLX_USDT+0.0164%4h0.06622−0.060%$316K$633K25xas long as short
OKX SLX-USDT-SWAPshort+0.0274%4h0.06627+0.015%$1.8M$1.8M20x
Bitget SLXUSDTlong+0.0510%4h0.06626long leg$1.0M$333K20x
BloFin SLX-USDT+0.0544%4h0.06622−0.060%$166K$3K25xas long as short
Binance SLXUSDT+0.0561%4h0.06625−0.015%$2.5M$2.9M25xas long as short
MEXC SLX_USDT+0.0562%4h0.06620−0.091%$1.9M$219K20xas long as short
Aster SLXUSDT+0.0617%4h0.06625−0.022%$15K$26K10xas long as short
BingX SLX-USDT+0.2656%4h0.06616−0.151%$1.7Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit SLXUSDT+0.2677%4h0.06600−0.392%$974K$363K20xas long as short