Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0346%/8h= −37.9% APRpaid last 24h −0.093%

Price spread now: gTrade (Gains Network) against BloFin+0.153%7-day average — · you sell dearer than you buy

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

Long on BloFin Short on gTrade (Gains Network)

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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.153% dearer against BloFin than usual: you sell high and buy low (spread +0.153% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 35 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin S-USDT	0.04123	0.0340	pay 0.0170% / 4h	1h 30m	$283K	$106K	75x
Short	gTrade (Gains Network) S/USD	0.04129	L +0.0001% / S +0.0006%	pay 0.0001% / 1h	30m 44s	$2K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Position, each leg$Hold fordaysFee BloFinbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.153%Rate

Funding earned: −$72.68
Price spread: +0.153% → 0.000%: $15.28
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$79.4
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 9 min ago; gTrade (Gains Network): 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 BloFin live order book, 9 min ago	2.44 bp	23.5 bp −$24	55.4 bp −$554	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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.

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 SUSD	−1.1432%	1h	0.03950	−4.196%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1666%	1h	0.04123	−0.003%	$34K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1456%	1h	0.04022	−2.450%	$48K	$16K	25x	as long as short
Variational Omni S	−0.0208%	4h	0.04122	−0.033%	$639K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04130	+0.163%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04128	+0.122%	$4	—	15x	as long as short
gTrade (Gains Network) S/USDshort	L +0.0001% / S +0.0006%	1h	0.04129	+0.153%	$2K	—	150x
Injective S/USDC PERP	+0.0033%	1h	0.04100	−0.558%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0067%	4h	0.04129	+0.146%	$103K	$331K	10x	as long as short
Lighter S	+0.0096%	1h	0.04120	−0.073%	$172K	$156K	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	0.04118	−0.116%	$1.0M	$554K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04130	+0.178%	$45K	$133K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04120	−0.075%	$5.7M	$13.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04111	−0.291%	$5.9M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04115	−0.194%	$1.1M	$4.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04118	−0.121%	$338K	$200K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04117	−0.146%	$4.0M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04115	−0.194%	$1.9M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04118	−0.121%	$1.2M	$2.1M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04116	−0.170%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04110	−0.315%	$25K	$448K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04113	−0.235%	$234K	$1.1M	10x	as long as short
BloFin S-USDTlong	+0.0340%	4h	0.04123	long leg	$283K	$106K	75x
Deribit S_USDC-PERPETUAL	+0.0719%	1h	0.04132	+0.218%	$69K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1654%	1h	0.04140	+0.412%	$122K	$365K	5x	as long as short