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

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC+0.2642%/8h= +289.3% APRnext payment +$3.30 per $10,000 · paid last 24h +2.073%
Price spread now: GMX against 01 Exchange+1.367%7-day average · you sell dearer than you buy
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 for this trade now. Funding pays +$79 a day on $10k at the current rate, and GMX is 1.367% dearer against 01 Exchange than usual: you sell high and buy low: +$137 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange SUSD0.04360−0.2840get 0.0355% / 1h55m 02s$26K$3K5x
ShortGMX S/USD [WBTC.b-USDC]0.04420L −0.0206% / S +0.0198%pay 0.0025% / 1h55m 02s$2K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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

Funding earned
$554.81
Price spread: +1.367% → 0.000%
$136.7
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee GMX: 6 bp × 2 orders
−$12
Net
$672.51
Costs to cover
0.190%
Break-even
from the start
Slippage unknown: 01 Exchange: no order-book sample; GMX: 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 01 Exchange no order-book sample
Sell GMX no order-book sample
01 Exchange and GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SUSDlong−0.2840%1h0.04360long leg$26K$3K5x
Kraken Futures PF_SUSD−0.2164%1h0.04383+0.535%$38K$23K10xas long as short
Coinbase International S-PERP-INTX−0.1328%1h0.04128−5.321%$50K$18K25xas long as short
GMX S/USD [WBTC.b-USDC]shortL −0.0206% / S +0.0198%1h0.04420+1.367%$2K100x
Variational Omni S−0.0109%4h0.04434+1.700%$688K$7Kas long as short
Reya SRUSDPERP−0.0101%1h0.04412+1.200%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04455+2.173%$687150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100−5.963%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0062%4h0.04422+1.422%$110K$648K10xas long as short
Lighter S+0.0096%1h0.04419+1.353%$154K$144K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04423+1.452%$1.2M$815K5xas long as short
Aster SUSDT+0.0100%4h0.04424+1.468%$47K$183K10xas long as short
Binance SUSDT+0.0100%4h0.04417+1.307%$6.6M$18.3M75xas long as short
Bybit SUSDT+0.0100%4h0.04409+1.124%$6.3M$5.1M50xas long as short
OKX S-USDT-SWAP+0.0100%4h0.04416+1.284%$1.2M$5.5M20xas long as short
Gate S_USDT+0.0100%4h0.04416+1.284%$372K$211K50xas long as short
MEXC S_USDT+0.0100%4h0.04418+1.330%$4.6M$2.6M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04415+1.261%$2.0M$2.9M50xas long as short
Bitget SUSDT+0.0100%4h0.04418+1.330%$1.3M$2.8M50xas long as short
BingX S-USDT+0.0100%4h0.04422+1.422%$7.0Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04470+2.523%$26K$517K50xas long as short
Extended S-USD+0.0104%1h0.04412+1.196%$243K$1.3M10xas long as short
Deribit S_USDC-PERPETUAL+0.0202%1h0.04427+1.537%$74K$51210xas long as short
BloFin S-USDT+0.0340%4h0.04420+1.376%$314K$202K75xas long as short
Backpack S_USDC_PERP+0.1752%1h0.04430+1.606%$104K$473K5xas long as short