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+0.0076%/8h= +8.3% APRpaid last 24h +0.120%
Price spread now: Extended against Gate+0.262%7-day average +0.074% · you sell dearer than you buy
Net, funding: paid 7d − costs−$351as in the Funding arb table
Net, price: spread back to 7d avg − costs−$368as in the Price arb table
costs, in and out, $10k−$3873.870% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.362%+$36 on $10k
Price spread, last 4 days (all we have)−0.610%−$61 · spread now +0.262%, 7d avg +0.074%
Together, before fees−0.248%+ Points / potential airdropExtended: Active · farm board−$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Extended is 0.187% dearer against Gate than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.074%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate US_USDT0.015640.0100pay 0.0050% / 4h3h 50m$2.0M$652K20x
ShortExtended US-USD0.015680.0176get 0.0022% / 1h50m 28s$2K$200K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Gate. 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
$15.96
Price spread: +0.262% → +0.074%
$18.75
Slippage, 4 orders
−$367.02
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$352.32
Costs to cover
3.870%
Break-even
161.5 days
Slippage from Gate: live order book, 2 min ago; Extended: live order book, 18 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 Gate live order book, 2 min ago12.76 bp69.1 bp −$69doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 18 min ago6.61 bp108.1 bp −$108doesn'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−0.2574%4h0.01558−0.409%$3.6M$502K20xas long as short
Aster USUSDT+0.0100%4h0.01569+0.298%$14K$52K5xas long as short
Bybit USUSDT+0.0100%4h0.01566+0.153%$3.1M$1.0M20xas long as short
Gate US_USDTlong+0.0100%4h0.01564long leg$2.0M$652K20x
Bitget USUSDT+0.0100%4h0.01568+0.281%$4.1M$278K10xas long as short
Variational Omni US+0.0100%4h0.01570+0.373%$16K$4Kas long as short
Extended US-USDshort+0.0176%1h0.01568+0.262%$2K$200K5x
MEXC US_USDT+0.0178%4h0.01568+0.256%$5.3M$117K100xas long as short
Binance USUSDT+0.0178%4h0.01567+0.214%$8.8M$3.5M10xas long as short
BloFin US-USDT+0.0198%4h0.01568+0.262%$470K$46K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX US-USDT+0.0226%4h0.01566+0.128%$1.3Mas long as short