Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0221%/8h= +24.2% APRpaid last 24h −0.035%

Price spread now: Extended against Gate−0.053%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$480.476% of the position

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 4 days (all we have)−0.206%−$21 · spread now −0.053%, 7d avg −0.053%

Together, before fees−0.349%+ Points / potential airdropExtended: Active · farm board−$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.053%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.142%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.142% in total (about -7.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COIN_USDT	196.82	−0.0221	get 0.0221% / 8h	3h 18m	$1.2M	$7.3M	50x
Short	Extended COIN_24_5-USD	196.72	0	get 0.0000% / 1h	18m 10s	$116K	$659K	10x

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

Position, each leg$Hold fordaysFee GatebpFee ExtendedbpOrdersPrice spread, now −0.053%Rate

Funding earned: $46.41
Price spread: −0.053% → −0.053%: −$0.01
Slippage, 4 orders: −$27.63
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$1.24
Costs to cover: 0.476%
Break-even: 7.2 days

Slippage from Gate: live order book, 5 min ago; Extended: live order book, 35 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 5 min ago	4.84 bp	13.8 bp −$14	129.9 bp −$1,299	doesn't fit	doesn't fit
Sell Extended live order book, 35 min ago	1.01 bp	8.9 bp −$9	76.6 bp −$766	doesn't fit	doesn't fit

COIN on 26 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget COINUSDT	−0.0732%	8h	196.84	+0.010%	$6.2M	$10.5M	20x	as long as short
Injective COIN/USDC PERP	−0.0440%	1h	196.73	−0.046%	$43K	$48K	30x	as long as short
Gate COIN_USDTlong	−0.0221%	8h	196.82	long leg	$1.2M	$7.3M	50x
Vest COIN-USD-PERP	−0.0108%	1h	196.12	−0.356%	—	$262K	25x	as long as short
Aster COINUSDT	0.0000%	8h	196.71	−0.056%	$343K	$890K	20x	as long as short
Extended COIN_24_5-USDshort	0.0000%	1h	196.72	−0.053%	$116K	$659K	10x
Binance COINUSDT	0.0000%	8h	196.83	+0.005%	$14.7M	$80.3M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	196.81	−0.005%	$4.8M	$6.1M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	196.67	−0.076%	$3.0M	$4.7M	20x	as long as short
Variational Omni COIN	0.0000%	8h	196.75	−0.035%	$683K	$939K	—	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	196.74	−0.039%	$12K	$2.4M	10x	as long as short
QFEX COIN-USD	+0.0020%	1h	196.68	−0.071%	$1.3M	$3.2M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	196.72	−0.051%	$455K	$1.5M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	196.76	−0.030%	$15K	$55K	5x	as long as short
tradeXYZ xyz:COIN	+0.0050%	1h	196.72	−0.051%	$15.3M	$13.6M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	196.59	−0.117%	$133K	$1.2M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	196.72	−0.051%	$89	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	196.59	−0.117%	$359K	$2.7M	10x	as long as short
Lighter COIN	+0.0064%	1h	196.76	−0.029%	$385K	$2.1M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	196.76	−0.030%	$992K	$143K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	196.62	−0.102%	$88K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	196.74	−0.041%	$569	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	196.74	−0.043%	$116	—	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	196.76	−0.030%	$188K	$393K	20x	as long as short
Phoenix COIN	+0.0122%	1h	196.78	−0.020%	$4K	$283K	10x	as long as short
edgeX COINUSDC	+0.0864%	4h	196.61	−0.106%	$51K	$295K	10x	as long as short