Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0088%/8hnext payment +$0.11 per $10,000 · paid last 24h +2.467%

Price spread now: Extended against 01 Exchange+0.164%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Extended is 0.164% dearer against 01 Exchange than usual: you sell high and buy low: +$16 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange SUSD	0.03930	0.0016	pay 0.0002% / 1h	6m 31s	$24K	$3K	5x
Short	Extended S-USD	0.03936	0.0104	get 0.0013% / 1h	6m 31s	$221K	$904K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against 01 Exchange. 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

Position, each leg$Hold fordaysFee 01 ExchangebpFee ExtendedbpOrdersPrice spread, now +0.164%Rate

Funding earned: $18.48
Price spread: +0.164% → 0.000%: $16.37
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $22.85
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: 01 Exchange: no order-book sample; Extended: live order book, 26 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Extended live order book, 26 min ago	3.84 bp	31.4 bp −$31	257.4 bp −$2,574	doesn't fit	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SUSD	−0.2112%	1h	0.03937	+0.170%	$33K	$38K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1488%	1h	0.03826	−2.646%	$47K	$9K	25x	as long as short
Variational Omni S	−0.1440%	4h	0.03917	−0.319%	$608K	$116K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0173% / S +0.0169%	1h	0.03944	+0.366%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03939	+0.234%	$4	—	15x	as long as short
Aster SUSDT	−0.0090%	4h	0.03940	+0.248%	$43K	$241K	10x	as long as short
OKX S-USDT-SWAP	−0.0059%	4h	0.03938	+0.204%	$986K	$11.2M	20x	as long as short
Orderly PERP_S_USDC	−0.0025%	4h	0.03944	+0.356%	$107K	$326K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03944	+0.366%	$608	—	150x	as long as short
01 Exchange SUSDlong	+0.0016%	1h	0.03930	long leg	$24K	$3K	5x

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.326%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.03943	+0.331%	$165K	$278K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03941	+0.282%	$1.0M	$1.2M	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03939	+0.239%	$5.4M	$34.1M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03934	+0.102%	$5.6M	$8.3M	50x	as long as short
Gate S_USDT	+0.0100%	4h	0.03937	+0.178%	$322K	$347K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03943	+0.331%	$3.8M	$3.4M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03940	+0.254%	$1.8M	$3.5M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.03941	+0.280%	$1.2M	$4.2M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.03937	+0.178%	—	$6.9M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03930	0.000%	$26K	$482K	50x	as long as short
Extended S-USDshort	+0.0104%	1h	0.03936	+0.164%	$221K	$904K	10x
Backpack S_USDC_PERP	+0.0309%	1h	0.03950	+0.509%	$115K	$264K	5x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03935	+0.127%	$273K	$257K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0510%	1h	0.03948	+0.458%	$66K	$10K	10x	as long as short