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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%
Price spread now: Gate against Binance−0.027%7-day average −0.041% · you buy dearer than you sell
Net, funding: paid 7d − costs−$183as in the Funding arb table
Net, price: spread back to 7d avg − costs−$191as in the Price arb table
costs, in and out, $10k−$1921.919% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.094%+$9 on $10k
Price spread, last 4 days (all we have)−0.299%−$30 · spread now −0.027%, 7d avg −0.041%
Together, before fees−0.205%−$20 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance SUSDT0.039250.0100pay 0.0050% / 4h1h 33m$5.4M$19.6M75x
ShortGate S_USDT0.039240.0100get 0.0050% / 4h1h 33m$321K$265K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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
Price spread: −0.027% → −0.041%
$1.33
Slippage, 4 orders
−$166.94
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$190.61
Costs to cover
1.919%
Break-even
never at this rate
Slippage from Binance: live order book, 8 min ago; Gate: live order book, 47 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 Binance live order book, 8 min ago1.27 bp19.8 bp −$2059.1 bp −$5913006.5 bp −$300.6Kdoesn't fit
Sell Gate live order book, 47 min ago7.65 bp75.0 bp −$75doesn't fitdoesn't fitdoesn't fit

S on 25 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
Kraken Futures PF_SUSD−0.1592%1h0.03925−0.008%$33K$26K10xas long as short
Coinbase International S-PERP-INTX−0.1576%1h0.03826−2.524%$47K$5K25xas long as short
Variational Omni S−0.0880%4h0.03922−0.077%$610K$31Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0195% / S +0.0189%1h0.03930+0.120%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03927+0.062%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03931+0.162%$606150xas long as short
Orderly PERP_S_USDC+0.0026%4h0.03930+0.126%$100K$345K10xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+4.457%$2K$37K12xas long as short
Aster SUSDT+0.0079%4h0.03930+0.132%$43K$212K10xas long as short
01 Exchange SUSD+0.0088%1h0.03920−0.129%$24K$2K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter S+0.0096%1h0.03932+0.176%$165K$222K5xas long as short
Hyperliquid S+0.0100%1h0.03928+0.064%$986K$757K5xas long as short
Binance SUSDTlong+0.0100%4h0.03925long leg$5.4M$19.6M75x
Bybit SUSDT+0.0100%4h0.03920−0.129%$5.6M$5.8M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.03924−0.027%$978K$6.1M20xas long as short
Gate S_USDTshort+0.0100%4h0.03924−0.027%$321K$265K50x
MEXC S_USDT+0.0100%4h0.03930+0.126%$3.6M$2.3M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03926+0.024%$1.8M$3.0M50xas long as short
Bitget SUSDT+0.0100%4h0.03929+0.100%$1.2M$2.7M50xas long as short
BingX S-USDT+0.0100%4h0.03927+0.049%$6.7Mas long as short
ApeX Omni SUSDT+0.0100%1h0.03930+0.126%$25K$465K50xas long as short
Extended S-USD+0.0104%1h0.03924−0.038%$221K$881K10xas long as short
Backpack S_USDC_PERP+0.0334%1h0.03930+0.126%$114K$300K5xas long as short
BloFin S-USDT+0.0340%4h0.03927+0.049%$266K$127K75xas long as short
Deribit S_USDC-PERPETUAL+0.0513%1h0.03934+0.227%$66K$10K10xas long as short