Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.4124%/8h= −451.6% APRpaid last 24h −2.281%

Price spread now: 01 Exchange against BloFin−2.900%7-day average — · you buy dearer than you sell

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

Long on BloFin Short on 01 Exchange

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

Both sides work against this trade now: funding costs −$124 a day on $10k at the current rate, and 01 Exchange is 2.900% cheaper against BloFin than usual: you would sell low and buy high (−$290 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	BloFin S-USDT	0.03965	0.0340	pay 0.0170% / 4h	3h 22m	$270K	$102K	75x
Short	01 Exchange SUSD	0.03850	−0.3784	pay 0.0473% / 1h	22m 08s	$24K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −2.900%Rate

Funding earned: −$866.04
Price spread: −2.900% → 0.000%: −$290.04
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$1,175.08
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 7 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 BloFin live order book, 7 min ago	5.05 bp	27.1 bp −$27	72.2 bp −$722	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	−0.3784%	1h	0.03850	−2.900%	$24K	$2K	5x
Kraken Futures PF_SUSD	−0.2250%	1h	0.03958	−0.165%	$33K	$13K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1344%	1h	0.03927	−0.958%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03962	−0.078%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03959	−0.155%	$4	—	15x	as long as short
Variational Omni S	−0.0018%	4h	0.03959	−0.157%	$614K	$30K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03962	−0.076%	$611	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.405%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0081%	4h	0.03961	−0.101%	$98K	$289K	10x	as long as short
Lighter S	+0.0096%	1h	0.03966	+0.025%	$167K	$157K	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	0.03961	−0.091%	$992K	$590K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03963	−0.053%	$46K	$142K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03961	−0.101%	$5.5M	$13.9M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03956	−0.227%	$5.7M	$4.4M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03960	−0.126%	$983K	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03958	−0.177%	$322K	$191K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03961	−0.101%	$3.6M	$1.7M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03960	−0.126%	$1.8M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03962	−0.076%	$1.2M	$2.3M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03961	−0.101%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03960	−0.126%	$24K	$464K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03960	−0.135%	$225K	$769K	10x	as long as short
BloFin S-USDTlong	+0.0340%	4h	0.03965	long leg	$270K	$102K	75x
Deribit S_USDC-PERPETUAL	+0.0760%	1h	0.03965	0.000%	$67K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1506%	1h	0.03970	+0.126%	$115K	$422K	5x	as long as short