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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.053%
Price spread now: OKX against Extended+0.029%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$165as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1501.501% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.150%−$15 on $10k
Price spread, last 4 days (all we have)+0.017%+$2 · spread now +0.029%, 7d avg +0.042%
Together, before fees−0.133%+ Points / potential airdropExtended: Active · farm board−$13 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended S-USD0.039090.0104pay 0.0013% / 1h22m 16s$220K$877K10x
ShortOKX S-USDT-SWAP0.039100.0100get 0.0050% / 4h22m 16s$977K$4.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
−$0.84
Price spread: +0.029% → +0.042%
−$1.28
Slippage, 4 orders
−$135.07
Fee Extended: 2.5 bp × 2 orders
−$5
Fee OKX: 5 bp × 2 orders
−$10
Net
−$152.2
Costs to cover
1.501%
Break-even
never at this rate
Slippage from Extended: live order book, 56 min ago; OKX: live order book, 5 min ago.

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, 56 min ago5.13 bp36.5 bp −$36259.4 bp −$2,594doesn't fitdoesn't fit
Sell OKX live order book, 5 min ago2.56 bp39.7 bp −$40doesn't fitdoesn't fitdoesn't fit

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 SUSD−0.5880%1h0.03850−1.506%$23K$2K5xas long as short
Kraken Futures PF_SUSD−0.2136%1h0.03904−0.118%$33K$25K10xas long as short
Coinbase International S-PERP-INTX−0.1336%1h0.03826−2.120%$47K$5K25xas long as short
Variational Omni S−0.0978%4h0.03906−0.072%$608K$31Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0203% / S +0.0195%1h0.03914+0.129%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03910+0.017%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03912+0.092%$603150xas long as short
Orderly PERP_S_USDC+0.0031%4h0.03912+0.080%$100K$339K10xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+4.890%$2K$37K12xas long as short
Lighter S+0.0096%1h0.03914+0.132%$164K$217K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.03913+0.103%$980K$677K5xas long as short
Aster SUSDT+0.0100%4h0.03917+0.219%$43K$145K10xas long as short
Binance SUSDT+0.0100%4h0.03910+0.032%$5.3M$17.2M75xas long as short
Bybit SUSDT+0.0100%4h0.03904−0.124%$5.6M$5.3M50xas long as short
OKX S-USDT-SWAPshort+0.0100%4h0.03910+0.029%$977K$4.9M20x
Gate S_USDT+0.0100%4h0.03912+0.080%$319K$259K50xas long as short
MEXC S_USDT+0.0100%4h0.03910+0.029%$3.6M$1.9M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03910+0.029%$1.8M$2.9M50xas long as short
Bitget SUSDT+0.0100%4h0.03916+0.183%$1.2M$2.5M50xas long as short
BingX S-USDT+0.0100%4h0.03907−0.047%$6.7Mas long as short
Backpack S_USDC_PERP+0.0100%1h0.03910+0.029%$114K$313K5xas long as short
ApeX Omni SUSDT+0.0100%1h0.03910+0.029%$25K$452K50xas long as short
Extended S-USDlong+0.0104%1h0.03909long leg$220K$877K10x
BloFin S-USDT+0.0340%4h0.03906−0.073%$266K$125K75xas long as short
Deribit S_USDC-PERPETUAL+0.0516%1h0.03917+0.208%$66K$10K10xas long as short