Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0159%/8h= +17.4% APRpaid last 24h +0.041%

Price spread now: BloFin against gTrade (Gains Network)−0.276%50s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.276% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.276% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$28 on $10k: about 5.8 days of funding at the current rate (+$5 a day). The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) RE/USD	0.4653	L −0.0025% / S +0.0026%	get 0.0003% / 1h	21m 19s	—	—	150x
Short	BloFin RE-USDT	0.4640	0.0134	get 0.0067% / 4h	3h 21m	$368K	$72K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BloFinbpOrdersPrice spread, now −0.276%Rate

Funding earned: $33.41
Price spread: −0.276% → 0.000%: −$27.64
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$18.23
Costs to cover: 0.240%
Break-even: 10.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 54 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BloFin live order book, 54 min ago	3.23 bp	11.9 bp −$12	35.8 bp −$358	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

RE on 14 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
gTrade (Gains Network) RE/USDlong	L −0.0025% / S +0.0026%	1h	0.4653	long leg	—	—	150x
Bybit REUSDT	−0.0015%	4h	0.4654	+0.025%	$1.4M	$1.5M	20x	as long as short
Aster REUSDT	+0.0100%	4h	0.4653	+0.012%	$36K	$28K	20x	as long as short
Binance REUSDT	+0.0100%	4h	0.4653	+0.003%	$8.3M	$9.7M	50x	as long as short
OKX RE-USDT-SWAP	+0.0100%	4h	0.4656	+0.070%	$1.7M	$4.2M	20x	as long as short
Gate RE_USDT	+0.0100%	4h	0.4655	+0.046%	$413K	$1.0M	20x	as long as short
MEXC RE_USDT	+0.0100%	4h	0.4653	+0.003%	$1.2M	$434K	50x	as long as short
KuCoin REUSDTM	+0.0100%	4h	0.4653	+0.009%	$1.4M	$1.1M	20x	as long as short
Bitget REUSDT	+0.0100%	4h	0.4654	+0.029%	$1.8M	$715K	20x	as long as short
BingX RE-USDT	+0.0100%	4h	0.4654	+0.025%	—	$1.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX REUSDC	+0.0100%	4h	0.4635	−0.390%	$8K	$221K	10x	as long as short
Orderly PERP_RE_USDC_mythos	+0.0100%	4h	0.4659	+0.132%	$4K	—	10x	as long as short
Extended RE-USD	+0.0104%	1h	0.4648	−0.094%	$788	—	5x	as long as short
BloFin RE-USDTshort	+0.0134%	4h	0.4640	−0.276%	$368K	$72K	50x