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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 21:00 UTC−0.1368%/8h= −149.8% APRnext payment $1.71 per $10,000 · paid last 24h −0.655%
Price spread now: Coinbase International against Extended−2.524%7-day average · you buy dearer than you sell
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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$41 a day on $10k at the current rate, and Coinbase International is 2.524% cheaper against Extended than usual: you would sell low and buy high (−$252 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended S-USD0.039250.0104pay 0.0013% / 1h10m 08s$221K$883K10x
ShortCoinbase International S-PERP-INTX0.03826−0.1264pay 0.0158% / 1h10m 08s$47K$5K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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
−$287.28
Price spread: −2.524% → 0.000%
−$252.4
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
−$554.68
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 13 min ago; Coinbase International: 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 Extended live order book, 13 min ago3.83 bp31.2 bp −$31249.9 bp −$2,499doesn't fitdoesn't fit
Sell Coinbase International no order-book sample
Coinbase International: 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
Kraken Futures PF_SUSD−0.1453%1h0.03927+0.049%$33K$30K10xas long as short
Coinbase International S-PERP-INTXshort−0.1264%1h0.03826−2.524%$47K$5K25x
Variational Omni S−0.0889%4h0.03922−0.080%$610K$34Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0191% / S +0.0185%1h0.03930+0.118%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03927+0.045%$415xas long as short
Orderly PERP_S_USDC−0.0008%4h0.03927+0.049%$100K$345K10xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03930+0.114%$606150xas long as short
Aster SUSDT+0.0021%4h0.03926+0.034%$43K$212K10xas long as short
01 Exchange SUSD+0.0032%1h0.03930+0.126%$24K$3K5xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+4.457%$2K$37K12xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter S+0.0096%1h0.03929+0.100%$165K$240K5xas long as short
Hyperliquid S+0.0100%1h0.03927+0.049%$993K$901K5xas long as short
Binance SUSDT+0.0100%4h0.03926+0.032%$5.4M$23.3M75xas long as short
Bybit SUSDT+0.0100%4h0.03921−0.104%$5.6M$6.3M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.03925−0.002%$980K$7.3M20xas long as short
Gate S_USDT+0.0100%4h0.03920−0.129%$320K$293K50xas long as short
MEXC S_USDT+0.0100%4h0.03927+0.049%$3.5M$2.6M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03922−0.078%$1.8M$3.1M50xas long as short
Bitget SUSDT+0.0100%4h0.03928+0.075%$1.2M$2.9M50xas long as short
BingX S-USDT+0.0100%4h0.03924−0.027%$6.8Mas long as short
ApeX Omni SUSDT+0.0100%1h0.03940+0.380%$25K$471K50xas long as short
Extended S-USDlong+0.0104%1h0.03925long leg$221K$883K10x
Deribit S_USDC-PERPETUAL+0.0259%1h0.03932+0.177%$66K$10K10xas long as short
BloFin S-USDT+0.0340%4h0.03930+0.126%$268K$159K75xas long as short
Backpack S_USDC_PERP+0.0507%1h0.03940+0.380%$115K$295K5xas long as short