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

US

all US markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h 0.000%
Price spread now: BloFin against Extended+0.014%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$339as in the Funding arb table
Net, price: spread back to 7d avg − costs−$346as in the Price arb table
costs, in and out, $10k−$3413.406% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 4 days (all we have)−0.159%−$16 · spread now +0.014%, 7d avg +0.064%
Together, before fees−0.145%+ Points / potential airdropExtended: Active · farm board−$15 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.051% cheaper against Extended than usual: you would sell low and buy high (spread +0.014% now, against its 7-day average of +0.064%). If the spread goes back, that is −$5 on $10k: about 5.0 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.014% in total) that is about 25 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended US-USD0.015460.0128pay 0.0016% / 1h29m 08s$4K$205K5x
ShortBloFin US-USDT0.015460.0162get 0.0081% / 4h3h 29m$468K$46K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$7.05
Price spread: +0.014% → +0.064%
−$5.08
Slippage, 4 orders
−$323.61
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$338.65
Costs to cover
3.406%
Break-even
343.2 days
Slippage from Extended: live order book, 39 min ago; BloFin: live order book, 47 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, 39 min ago6.61 bp134.9 bp −$135910.7 bp −$9,107doesn't fitdoesn't fit
Sell BloFin live order book, 47 min ago3.47 bp33.1 bp −$33doesn't fitdoesn'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−0.2474%4h0.01536−0.595%$3.6M$535K20xas long as short
Aster USUSDT+0.0100%4h0.01542−0.209%$14K$52K5xas long as short
Bybit USUSDT+0.0100%4h0.01548+0.143%$3.1M$1.0M20xas long as short
Gate US_USDT+0.0100%4h0.01545−0.019%$1.9M$676K20xas long as short
Bitget USUSDT+0.0100%4h0.01549+0.221%$4.1M$291K10xas long as short
Variational Omni US+0.0100%4h0.01549+0.204%$16K$4Kas long as short
MEXC US_USDT+0.0124%4h0.01546+0.059%$5.2M$119K100xas long as short
Binance USUSDT+0.0125%4h0.01546+0.051%$8.7M$3.5M10xas long as short
Extended US-USDlong+0.0128%1h0.01546long leg$4K$205K5x
BloFin US-USDTshort+0.0162%4h0.01546+0.014%$468K$46K10x
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX US-USDT+0.0165%4h0.01547+0.078%$1.3Mas long as short