Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.7268%/8h= −795.8% APRpaid last 24h −2.200%

Price spread now: 01 Exchange against Binance−4.298%7-day average — · you buy dearer than you sell

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

Long on Binance Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$218 a day on $10k at the current rate, and 01 Exchange is 4.298% cheaper against Binance than usual: you would sell low and buy high (−$430 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SUSDT	0.04023	0.0100	pay 0.0050% / 4h	2h 47m	$5.5M	$15.4M	75x
Short	01 Exchange SUSD	0.03850	−0.7168	pay 0.0896% / 1h	47m 10s	$24K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Position, each leg$Hold fordaysFee BinancebpFee 01 ExchangebpOrdersPrice spread, now −4.298%Rate

Funding earned: −$1,526.28
Price spread: −4.298% → 0.000%: −$429.83
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$1,973.11
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 8 min ago; 01 Exchange: no order-book sample. 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 Binance live order book, 8 min ago	2.53 bp	18.9 bp −$19	63.0 bp −$630	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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.

S on 25 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
01 Exchange SUSDshort	−0.7168%	1h	0.03850	−4.298%	$24K	$2K	5x
Coinbase International S-PERP-INTX	−0.1464%	1h	0.03946	−1.912%	$49K	$5K	25x	as long as short
Kraken Futures PF_SUSD	−0.1261%	1h	0.04018	−0.117%	$34K	$23K	10x	as long as short
Variational Omni S	−0.0587%	4h	0.04005	−0.436%	$623K	$30K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04023	0.000%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04020	−0.076%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04022	−0.023%	$620	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+1.916%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0039%	4h	0.04021	−0.048%	$101K	$330K	10x	as long as short
Lighter S	+0.0096%	1h	0.04025	+0.052%	$166K	$165K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04021	−0.048%	$1.0M	$611K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04022	−0.023%	$44K	$137K	10x	as long as short
Binance SUSDTlong	+0.0100%	4h	0.04023	long leg	$5.5M	$15.4M	75x
Bybit SUSDT	+0.0100%	4h	0.04017	−0.147%	$5.7M	$4.9M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04022	−0.023%	$1.0M	$4.5M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04020	−0.073%	$331K	$199K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04023	+0.002%	$3.7M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04021	−0.048%	$1.9M	$2.9M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04019	−0.097%	$1.2M	$2.4M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04019	−0.097%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04020	−0.073%	$26K	$448K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04017	−0.141%	$225K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04024	+0.027%	$272K	$122K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0745%	1h	0.04024	+0.027%	$68K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.0927%	1h	0.04020	−0.073%	$117K	$334K	5x	as long as short