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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.1752%/8h= −191.8% APRnext payment $2.19 per $10,000 · paid last 24h −1.501%
Price spread now: 01 Exchange against Coinbase International+5.620%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread pays, funding is against you. 01 Exchange is 5.620% dearer against Coinbase International than usual: you sell high and buy low (spread +5.620% now, against zero (this spread has no 7-day history yet)): +$562 on $10k if it goes back. Holding the pair costs −$53 a day in funding at the current rate, which eats that in about 11 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International S-PERP-INTX0.04128−0.1328get 0.0166% / 1h53m 39s$50K$18K25x
Short01 Exchange SUSD0.04360−0.3080pay 0.0385% / 1h53m 39s$26K$3K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange against Coinbase International. 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
−$367.92
Price spread: +5.620% → 0.000%
$562.02
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
$177.1
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: Coinbase International: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International no order-book sample
Sell 01 Exchange no order-book sample
Coinbase International and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SUSDshort−0.3080%1h0.04360+5.620%$26K$3K5x
Kraken Futures PF_SUSD−0.2169%1h0.04374+5.965%$38K$23K10xas long as short
Coinbase International S-PERP-INTXlong−0.1328%1h0.04128long leg$50K$18K25x
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04420+7.064%$2K100xas long as short
Variational Omni S−0.0109%4h0.04434+7.416%$688K$7Kas long as short
Reya SRUSDPERP−0.0101%1h0.04410+6.834%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04455+7.915%$687150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100−0.678%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0062%4h0.04416+6.977%$110K$647K10xas long as short
Lighter S+0.0096%1h0.04403+6.662%$153K$144K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04403+6.669%$1.2M$811K5xas long as short
Aster SUSDT+0.0100%4h0.04408+6.771%$47K$183K10xas long as short
Binance SUSDT+0.0100%4h0.04409+6.807%$6.6M$18.3M75xas long as short
Bybit SUSDT+0.0100%4h0.04400+6.589%$6.3M$5.1M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04400+6.589%$1.3M$5.5M20xas long as short
Gate S_USDT+0.0100%4h0.04404+6.686%$371K$212K50xas long as short
MEXC S_USDT+0.0100%4h0.04406+6.734%$4.5M$2.7M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04407+6.759%$2.0M$2.9M50xas long as short
Bitget SUSDT+0.0100%4h0.04406+6.734%$1.3M$2.8M50xas long as short
BingX S-USDT+0.0100%4h0.04402+6.638%$7.0Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04470+8.285%$26K$517K50xas long as short
Extended S-USD+0.0104%1h0.04400+6.600%$243K$1.3M10xas long as short
BloFin S-USDT+0.0340%4h0.04420+7.074%$314K$202K75xas long as short
Deribit S_USDC-PERPETUAL+0.0429%1h0.04418+7.025%$74K$51210xas long as short
Backpack S_USDC_PERP+0.1610%1h0.04420+7.074%$105K$474K5xas long as short