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

US

all US markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0002%/8h= +0.3% APRpaid last 24h +0.028%
Price spread now: Binance against Extended+0.027%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$348as in the Funding arb table
Net, price: spread back to 7d avg − costs−$351as in the Price arb table
costs, in and out, $10k−$3503.501% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.022%+$2 on $10k
Price spread, last 4 days (all we have)−0.025%−$3 · spread now +0.027%, 7d avg +0.033%
Together, before fees−0.004%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended US-USD0.016140.0288pay 0.0036% / 1h38m 21s$3K$164K5x
ShortBinance USUSDT0.016150.0290get 0.0145% / 4h38m 21s$9.0M$3.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Extended. 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
$0.5
Price spread: +0.027% → +0.033%
−$0.59
Slippage, 4 orders
−$335.1
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Binance: 5 bp × 2 orders
−$10
Net
−$350.19
Costs to cover
3.501%
Break-even
4911.6 days
Slippage from Extended: live order book, 35 min ago; Binance: live order book, 1 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 Extended live order book, 35 min ago6.44 bp103.7 bp −$104853.8 bp −$8,538doesn't fitdoesn't fit
Sell Binance live order book, 1 min ago1.86 bp41.2 bp −$41200.6 bp −$2,006doesn't fitdoesn't fit

US 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 USUSDTM−0.0542%4h0.01608−0.351%$3.9M$452K20xas long as short
Aster USUSDT+0.0100%4h0.01615+0.068%$12K$50K5xas long as short
Bybit USUSDT+0.0100%4h0.01614+0.015%$3.2M$938K20xas long as short
Gate US_USDT+0.0100%4h0.01615+0.033%$2.0M$624K20xas long as short
Bitget USUSDT+0.0100%4h0.01617+0.201%$4.3M$260K10xas long as short
Variational Omni US+0.0100%4h0.01618+0.249%$16K$4Kas long as short
Extended US-USDlong+0.0288%1h0.01614long leg$3K$164K5x
Binance USUSDTshort+0.0290%4h0.01615+0.027%$9.0M$3.3M10x
MEXC US_USDT+0.0300%4h0.01614+0.021%$5.4M$115K100xas long as short
BloFin US-USDT+0.0302%4h0.01616+0.126%$476K$48K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX US-USDT+0.0324%4h0.01616+0.102%$1.3Mas long as short