Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.6284%/8h= −688.1% APRpaid last 24h +2.191%

Price spread now: Gate against 01 Exchange−1.484%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on Gate

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$189 a day on $10k at the current rate, and Gate is 1.484% cheaper against 01 Exchange than usual: you would sell low and buy high (−$148 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	01 Exchange SUSD	0.04380	0.6384	pay 0.0798% / 1h	56m 26s	$27K	$2K	5x
Short	Gate S_USDT	0.04315	0.0100	get 0.0050% / 4h	3h 56m	$344K	$202K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −1.484%Rate

Funding earned: −$1,319.64
Price spread: −1.484% → 0.000%: −$148.4
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,490.04
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Gate: live order book, 39 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 Gate live order book, 39 min ago	8.50 bp	48.4 bp −$48	doesn't fit	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	−0.2644%	1h	0.04292	−2.004%	$35K	$23K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1248%	1h	0.04283	−2.215%	$52K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04317	−1.434%	$2K	—	100x	as long as short
Hyperliquid S	−0.0132%	1h	0.04314	−1.514%	$1.1M	$696K	5x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04309	−1.619%	$4	—	15x	as long as short
Variational Omni S	−0.0079%	4h	0.04433	+1.219%	$684K	$7K	—	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04319	−1.400%	$665	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−6.393%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0079%	4h	0.04317	−1.438%	$107K	$615K	10x	as long as short
Lighter S	+0.0096%	1h	0.04305	−1.712%	$185K	$99K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster SUSDT	+0.0100%	4h	0.04307	−1.657%	$46K	$175K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04316	−1.466%	$6.3M	$16.4M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04309	−1.621%	$6.3M	$4.7M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04314	−1.507%	$1.2M	$4.8M	20x	as long as short
Gate S_USDTshort	+0.0100%	4h	0.04315	−1.484%	$344K	$202K	50x
MEXC S_USDT	+0.0100%	4h	0.04311	−1.575%	$4.5M	$2.2M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04314	−1.507%	$2.0M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04317	−1.438%	$1.3M	$2.6M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04315	−1.484%	—	$6.9M	—	as long as short
Backpack S_USDC_PERP	+0.0100%	1h	0.04300	−1.826%	$101K	$470K	5x	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04380	0.000%	$26K	$505K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04301	−1.795%	$239K	$1.3M	10x	as long as short
Deribit S_USDC-PERPETUAL	+0.0215%	1h	0.04302	−1.781%	$72K	$10K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04307	−1.667%	$241K	$121K	75x	as long as short
01 Exchange SUSDlong	+0.6384%	1h	0.04380	long leg	$27K	$2K	5x