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

GWEI

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0276%/8h= +30.2% APRnext payment +$1.38 per $10,000 · paid last 24h +0.067%
Price spread now: BloFin against KuCoin+0.503%7-day average +0.168% · you sell dearer than you buy
Net, funding: paid 7d − costs−$1,238as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,209as in the Price arb table
costs, in and out, $10k−$1,24212.421% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.042%+$4 on $10k
Price spread, last 4 days (all we have)−0.187%−$19 · spread now +0.503%, 7d avg +0.168%
Together, before fees−0.145%−$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and BloFin is 0.335% dearer against KuCoin than usual: you sell high and buy low: +$33 more if the spread goes back to its 7-day average of +0.168%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.042% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.38 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin GWEIUSDTM0.024260.0288pay 0.0144% / 4h12m 41s$476K$27K20x
ShortBloFin GWEI-USDT0.024380.0564get 0.0282% / 4h12m 41s$193K$37K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against KuCoin. 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
$57.97
Price spread: +0.503% → +0.168%
$33.45
Slippage, 4 orders
−$1,218.07
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$1,150.65
Costs to cover
12.421%
Break-even
145.9 days
Slippage from KuCoin: live order book, 70 min ago; BloFin: 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 KuCoin live order book, 70 min ago23.21 bp809.8 bp −$810doesn't fitdoesn't fitdoesn't fit
Sell BloFin live order book, 18 min ago6.26 bp29.4 bp −$2984.7 bp −$847doesn't fitdoesn't fit

GWEI 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
Variational Omni GWEI+0.0100%4h0.02429+0.135%$5K$1Kas long as short
Bybit GWEIUSDT+0.0101%4h0.02440+0.585%$417K$212K25xas long as short
KuCoin GWEIUSDTMlong+0.0288%4h0.02426long leg$476K$27K20x
Bitget GWEIUSDT+0.0332%4h0.02435+0.379%$2.0M$377K20xas long as short
BingX GWEI-USDT+0.0510%4h0.02435+0.379%$1.6Mas long as short
MEXC GWEI_USDT+0.0542%4h0.02435+0.379%$120K$88K20xas long as short
Binance GWEIUSDT+0.0542%4h0.02438+0.514%$2.8M$3.9M50xas long as short
Extended GWEI-USD+0.0544%1h0.02436+0.433%$4K$130K5xas long as short
BloFin GWEI-USDTshort+0.0564%4h0.02438+0.503%$193K$37K50x
Gate GWEI_USDT+0.1394%4h0.02434+0.342%$415K$481K10xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster GWEIUSDT+0.1711%4h0.02437+0.457%$19K$26K10xas long as short