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

US

all US markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0252%/8h= −27.6% APRpaid last 24h −0.138%
Price spread now: Gate against Extended+0.018%7-day average −0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$420as in the Funding arb table
Net, price: spread back to 7d avg − costs−$374as in the Price arb table
costs, in and out, $10k−$3833.833% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.367%−$37 on $10k
Price spread, last 4 days (all we have)−0.135%−$13 · spread now +0.018%, 7d avg −0.075%
Together, before fees−0.502%+ Points / potential airdropExtended: Active · farm board−$50 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.092% dearer against Extended than usual: you sell high and buy low (spread +0.018% now, against its 7-day average of −0.075%): +$9 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 29 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended US-USD0.016290.0352pay 0.0044% / 1h32m 56s$6K$171K5x
ShortGate US_USDT0.016300.0100get 0.0050% / 4h1h 32m$2.0M$604K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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
−$52.92
Price spread: +0.018% → −0.075%
$9.23
Slippage, 4 orders
−$363.29
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$426.99
Costs to cover
3.833%
Break-even
never at this rate
Slippage from Extended: live order book, 45 min ago; Gate: live order book, 5 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, 45 min ago5.18 bp131.5 bp −$131896.1 bp −$8,961doesn't fitdoesn't fit
Sell Gate live order book, 5 min ago11.34 bp81.0 bp −$81doesn'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−0.0002%4h0.01622−0.449%$4.0M$399K20xas long as short
Bybit USUSDT+0.0100%4h0.01632+0.153%$3.2M$936K20xas long as short
Gate US_USDTshort+0.0100%4h0.01630+0.018%$2.0M$604K20x
Variational Omni US+0.0100%4h0.01633+0.239%$16K$4Kas long as short
Bitget USUSDT+0.0110%4h0.01633+0.220%$4.3M$266K10xas long as short
Aster USUSDT+0.0233%4h0.01631+0.130%$12K$54K5xas long as short
BloFin US-USDT+0.0334%4h0.01631+0.128%$482K$49K10xas long as short
Binance USUSDT+0.0351%4h0.01630+0.024%$9.1M$3.3M10xas long as short
Extended US-USDlong+0.0352%1h0.01629long leg$6K$171K5x
MEXC US_USDT+0.0360%4h0.01631+0.079%$5.5M$114K100xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX US-USDT+0.0382%4h0.01632+0.171%$1.3Mas long as short