Funding you earn now, next payment 11:00 UTC−0.9993%/8h= −1094.2% APRnext payment −$12.49 per $10,000 · paid last 24h −1.985%
Price spread now: 01 Exchange against gTrade (Gains Network)−2.998%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 −$300 a day on $10k at the current rate, and 01 Exchange is 2.998% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (−$300 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 | gTrade (Gains Network) S/USD | 0.04546 | L +0.0001% / S +0.0006% | pay 0.0000% / 1h | 48m 14s | $700 | — | 150x |
| Short | 01 Exchange SUSD | 0.04410 | −0.9992 | pay 0.1249% / 1h | 48m 14s | $27K | $3K | 5x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
01 Exchange against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$2,098.44
- Price spread: −2.998% → 0.000%
- −$299.78
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee 01 Exchange: 3.5 bp × 2 orders
- −$7
- Net
- −$2,415.22
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: gTrade (Gains Network): 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell 01 Exchange no order-book sample | — | — | — | — | — |
gTrade (Gains Network) 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 exchanges
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 | −0.9992% | 1h | 0.04410 | −2.998% | $27K | $3K | 5x | |
| Kraken Futures PF_SUSD | −0.4625% | 1h | 0.04538 | −0.175% | $39K | $23K | 10x | as long as short |
| Coinbase International S-PERP-INTX | −0.1904% | 1h | 0.04128 | −9.201% | $50K | $18K | 25x | as long as short |
| Variational Omni S | −0.0755% | 4h | 0.04545 | −0.021% | $701K | $11K | — | as long as short |
| GMX S/USD [WBTC.b-USDC] | L −0.0336% / S +0.0211% | 1h | 0.04545 | −0.024% | $2K | — | 100x | as long as short |
| Reya SRUSDPERP | −0.0101% | 1h | 0.04551 | +0.112% | $5 | — | 15x | as long as short |
| Orderly PERP_S_USDC | −0.0037% | 4h | 0.04546 | −0.006% | $113K | $644K | 10x | as long as short |
| gTrade (Gains Network) S/USDlong | L +0.0001% / S +0.0006% | 1h | 0.04546 | long leg | $700 | — | 150x | |
| Lighter S | +0.0096% | 1h | 0.04543 | −0.072% | $158K | $141K | 5x | as long as short |
| Hyperliquid S | +0.0100% | 1h | 0.04543 | −0.072% | $1.2M | $869K | 5x | as long as short |
Show all 25 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster SUSDT | +0.0100% | 4h | 0.04546 | −0.005% | $48K | $154K | 10x | as long as short |
| Binance SUSDT | +0.0100% | 4h | 0.04544 | −0.051% | $6.7M | $20.2M | 75x | as long as short |
| Bybit SUSDT | +0.0100% | 4h | 0.04534 | −0.270% | $6.4M | $5.4M | 50x | as long as short |
| OKX S-USDT-SWAP | +0.0100% | 4h | 0.04540 | −0.138% | $1.4M | $6.2M | 20x | as long as short |
| Gate S_USDT | +0.0100% | 4h | 0.04538 | −0.182% | $382K | $227K | 50x | as long as short |
| MEXC S_USDT | +0.0100% | 4h | 0.04544 | −0.050% | $4.5M | $3.1M | 200x | as long as short |
| KuCoin SUSDTM | +0.0100% | 4h | 0.04536 | −0.226% | $2.1M | $2.9M | 50x | as long as short |
| Bitget SUSDT | +0.0100% | 4h | 0.04544 | −0.050% | $1.4M | $2.9M | 50x | as long as short |
| BingX S-USDT | +0.0100% | 4h | 0.04538 | −0.182% | — | $7.0M | — | as long as short |
| ApeX Omni SUSDT | +0.0100% | 1h | 0.04560 | +0.302% | $24K | $525K | 50x | as long as short |
| Extended S-USD | +0.0104% | 1h | 0.04543 | −0.067% | $241K | $1.3M | 10x | as long as short |
| Injective S/USDC PERP | +0.0140% | 1h | 0.04600 | +1.181% | $2K | $2 | 12x | as long as short |
| BloFin S-USDT | +0.0340% | 4h | 0.04541 | −0.116% | $334K | $215K | 75x | as long as short |
| Deribit S_USDC-PERPETUAL | +0.0409% | 1h | 0.04553 | +0.148% | $77K | $623 | 10x | as long as short |
| Backpack S_USDC_PERP | +0.0668% | 1h | 0.04550 | +0.082% | $107K | $461K | 5x | as long as short |
gTrade (Gains Network) S/USD
01 Exchange SUSD
Kraken Futures PF_SUSD
Coinbase International S-PERP-INTX
Variational Omni S
GMX S/USD [WBTC.b-USDC]
Lighter S
Hyperliquid S
Aster SUSDT
Binance SUSDT
Bybit SUSDT
OKX S-USDT-SWAP
Gate S_USDT
MEXC S_USDT
KuCoin SUSDTM
Bitget SUSDT
BingX S-USDT
ApeX Omni SUSDT
Extended S-USD
Injective S/USDC PERP
BloFin S-USDT
Deribit S_USDC-PERPETUAL
Backpack S_USDC_PERP