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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
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
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
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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) S/USD0.04546L +0.0001% / S +0.0006%pay 0.0000% / 1h48m 14s$700150x
Short01 Exchange SUSD0.04410−0.9992pay 0.1249% / 1h48m 14s$27K$3K5x

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 it
latest
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
LegHalf-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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SUSDshort−0.9992%1h0.04410−2.998%$27K$3K5x
Kraken Futures PF_SUSD−0.4625%1h0.04538−0.175%$39K$23K10xas long as short
Coinbase International S-PERP-INTX−0.1904%1h0.04128−9.201%$50K$18K25xas long as short
Variational Omni S−0.0755%4h0.04545−0.021%$701K$11Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0336% / S +0.0211%1h0.04545−0.024%$2K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04551+0.112%$515xas long as short
Orderly PERP_S_USDC−0.0037%4h0.04546−0.006%$113K$644K10xas long as short
gTrade (Gains Network) S/USDlongL +0.0001% / S +0.0006%1h0.04546long leg$700150x
Lighter S+0.0096%1h0.04543−0.072%$158K$141K5xas long as short
Hyperliquid S+0.0100%1h0.04543−0.072%$1.2M$869K5xas long as short
Show all 25 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster SUSDT+0.0100%4h0.04546−0.005%$48K$154K10xas long as short
Binance SUSDT+0.0100%4h0.04544−0.051%$6.7M$20.2M75xas long as short
Bybit SUSDT+0.0100%4h0.04534−0.270%$6.4M$5.4M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04540−0.138%$1.4M$6.2M20xas long as short
Gate S_USDT+0.0100%4h0.04538−0.182%$382K$227K50xas long as short
MEXC S_USDT+0.0100%4h0.04544−0.050%$4.5M$3.1M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04536−0.226%$2.1M$2.9M50xas long as short
Bitget SUSDT+0.0100%4h0.04544−0.050%$1.4M$2.9M50xas long as short
BingX S-USDT+0.0100%4h0.04538−0.182%$7.0Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04560+0.302%$24K$525K50xas long as short
Extended S-USD+0.0104%1h0.04543−0.067%$241K$1.3M10xas long as short
Injective S/USDC PERP+0.0140%1h0.04600+1.181%$2K$212xas long as short
BloFin S-USDT+0.0340%4h0.04541−0.116%$334K$215K75xas long as short
Deribit S_USDC-PERPETUAL+0.0409%1h0.04553+0.148%$77K$62310xas long as short
Backpack S_USDC_PERP+0.0668%1h0.04550+0.082%$107K$461K5xas long as short