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

IO

all IO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Gate+0.013%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$601as in the Funding arb table
Net, price: spread back to 7d avg − costs−$598as in the Price arb table
costs, in and out, $10k−$5995.992% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.019%−$2 on $10k
Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.013%, 7d avg −0.002%
Together, before fees−0.107%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate IO_USDT0.15140.0100pay 0.0050% / 4h2h 23m$232K$542K50x
ShortExtended IO-USD0.15140.0104get 0.0013% / 1h23m 22s$5K$171K5x

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
$0.84
Price spread: +0.013% → −0.002%
$1.55
Slippage, 4 orders
−$579.22
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$596.84
Costs to cover
5.992%
Break-even
4980.6 days
Slippage from Gate: live order book, 62 min ago; Extended: live order book, 62 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, 62 min ago4.32 bp248.1 bp −$24817295.5 bp −$173.0Kdoesn't fitdoesn't fit
Sell Extended live order book, 62 min ago7.30 bp55.3 bp −$55doesn't fitdoesn't fitdoesn't fit

IO on 14 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
Injective IO/USDC PERP−0.0157%1h0.1506−0.502%$2K$1025.5xas long as short
Hyperliquid IO+0.0100%1h0.1513−0.046%$1.0M$391K3xas long as short
Aster IOUSDT+0.0100%4h0.1514+0.031%$6K$32K5xas long as short
Binance IOUSDT+0.0100%4h0.1514+0.026%$3.0M$6.4M50xas long as short
Bybit IOUSDT+0.0100%4h0.1511−0.159%$1.1M$868K25xas long as short
Gate IO_USDTlong+0.0100%4h0.1514long leg$232K$542K50x
MEXC IO_USDT+0.0100%4h0.1512−0.106%$1.2M$239K125xas long as short
KuCoin IOUSDTM+0.0100%4h0.1512−0.106%$403K$655K50xas long as short
Bitget IOUSDT+0.0100%4h0.1513−0.040%$1.3M$1.2M50xas long as short
BingX IO-USDT+0.0100%4h0.1514+0.026%$1.3Mas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni IO+0.0100%4h0.1512−0.109%$30K$5Kas long as short
Extended IO-USDshort+0.0104%1h0.1514+0.013%$5K$171K5x
BloFin IO-USDT+0.0141%4h0.1511−0.172%$192K$30K50xas long as short
Kraken Futures PF_IOUSD+0.5424%1h0.1516+0.137%$39K$21K10xas long as short