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

ONE

all ONE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0749%/8h= +82.0% APRpaid last 24h +0.338%
Price spread now: Gate against BloFin−0.310%7-day average −2.460% · you buy dearer than you sell
Net, funding: paid 7d − costs+$475as in the Funding arb table
Net, price: spread back to 7d avg − costs−$361as in the Price arb table
costs, in and out, $10k−$5765.762% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+10.516%+$1,052 on $10k
Price spread, last 4 days (all we have)−0.569%−$57 · spread now −0.310%, 7d avg −2.460%
Together, before fees+9.947%+$995 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Gate is 2.150% dearer against BloFin than usual: you sell high and buy low: +$215 more if the spread goes back to its 7-day average of −2.460%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ONE-USDT0.003741−0.0860get 0.0107% / 1h3m 02s$792K$1.8M50x
ShortGate ONE_USDT0.003729−0.0111pay 0.0111% / 8h7h 03m$1.7M$13.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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
$157.29
Price spread: −0.310% → −2.460%
$215.02
Slippage, 4 orders
−$549.25
Fee BloFin: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$203.94
Costs to cover
5.762%
Break-even
16.1 days
Slippage from BloFin: live order book, 5 min ago; Gate: live order book, 1 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 BloFin live order book, 5 min ago0.26 bp17.4 bp −$17doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 1 min ago2.69 bp211.5 bp −$2111465.9 bp −$14.7Kdoesn't fitdoesn't fit

ONE on 10 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
OKX ONE-USDT-SWAP−5.2788%1h0.005836+56.018%$7.5M$234.0M10xas long as short
BloFin ONE-USDTlong−0.0860%1h0.003741long leg$792K$1.8M50x
KuCoin ONEUSDTM−0.0616%1h0.003867+3.379%$3.7M$11.0M30xas long as short
Aster ONEUSDT−0.0408%1h0.003728−0.333%$2.0M$4.1M5xas long as short
Gate ONE_USDTshort−0.0111%8h0.003729−0.310%$1.7M$13.4M20x
MEXC ONE_USDT+0.0096%1h0.003741+0.013%$11.4M$13.9M20xas long as short
Variational Omni ONE+0.0100%1h0.003791+1.359%$93K$29Kas long as short
Binance ONEUSDT+0.0100%1h0.003740−0.016%$13.5M$293.6M50xas long as short
Bitget ONEUSDT+0.0104%1h0.003784+1.152%$1.8M$26.2M20xas long as short
BingX ONE-USDT+0.0104%1h0.003772+0.839%$5.0Mas long as short