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

ONE

all ONE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0171%/8h= −18.7% APRpaid last 24h −0.167%
Price spread now: BloFin against Gate−0.581%63s7-day average +2.390% · you buy dearer than you sell
Net, funding: paid 7d − costs−$1,655as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$6026.023% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−10.527%−$1,053 on $10k
Price spread, last 4 days (all we have)+3.951%+$395 · spread now −0.581%, 7d avg +2.390%
Together, before fees−6.575%−$658 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and BloFin is 2.970% cheaper against Gate than usual: you would sell low and buy high (−$297 if the spread goes back to its 7-day average of +2.390%). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ONE_USDT0.0034790.0063pay 0.0063% / 8h4h 10m$1.6M$11.9M20x
ShortBloFin ONE-USDT0.003459−0.0108pay 0.0054% / 4h10m 05s$797K$1.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
−$35.88
Price spread: −0.581% → +2.390%
−$297.01
Slippage, 4 orders
−$575.31
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$935.2
Costs to cover
6.023%
Break-even
never at this rate
Slippage from Gate: live order book, 2 min ago; BloFin: live order book, 6 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 ago2.90 bp370.3 bp −$3702071.8 bp −$20.7Kdoesn't fitdoesn't fit
Sell BloFin live order book, 6 min ago0.72 bp10.2 bp −$1013.0 bp −$130doesn't fitdoesn't fit

ONE on 9 exchanges

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 ONEUSDTM−0.5776%1h0.003601+3.507%$3.6M$9.9M30xas long as short
Aster ONEUSDT−0.1809%1h0.003470−0.259%$1.8M$4.4M5xas long as short
BloFin ONE-USDTshort−0.0108%4h0.003459−0.581%$797K$1.4M50x
MEXC ONE_USDT−0.0026%4h0.003491+0.345%$11.5M$12.9M20xas long as short
Binance ONEUSDT−0.0023%4h0.003490+0.320%$13.5M$267.7M50xas long as short
BingX ONE-USDT+0.0048%4h0.003492+0.374%$4.5Mas long as short
Gate ONE_USDTlong+0.0063%8h0.003479long leg$1.6M$11.9M20x
Bitget ONEUSDT+0.0064%4h0.003515+1.023%$1.9M$23.8M20xas long as short
Variational Omni ONE+0.0100%4h0.003461−0.517%$79K$34Kas long as short