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

SLX

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.19 per $10,000 · paid last 24h −0.017%
Price spread now: Gate against OKX+0.088%7-day average −0.089% · you sell dearer than you buy
Net, funding: paid 7d − costs−$897as in the Funding arb table
Net, price: spread back to 7d avg − costs−$853as in the Price arb table
costs, in and out, $10k−$8708.702% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.269%−$27 on $10k
Price spread, last 4 days (all we have)−0.223%−$22 · spread now +0.088%, 7d avg −0.089%
Together, before fees−0.492%−$49 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.177% dearer against OKX than usual: you sell high and buy low: +$18 more if the spread goes back to its 7-day average of −0.089%. Mind the row above: over the last 7 days funding on this pair cost −0.269%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX SLX-USDT-SWAP0.067900.0187pay 0.0094% / 4h2h 18m$1.8M$2.0M20x
ShortGate SLX_USDT0.067960.0226get 0.0113% / 4h2h 18m$323K$780K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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
$8.15
Price spread: +0.088% → −0.089%
$17.71
Slippage, 4 orders
−$845.22
Fee OKX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$844.36
Costs to cover
8.702%
Break-even
732.0 days
Slippage from OKX: live order book, 1 min ago; Gate: live order book, 30 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 1 min ago1.47 bp23.9 bp −$24doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 30 min ago2.21 bp421.1 bp −$421doesn't fitdoesn't fitdoesn't fit

SLX on 11 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
KuCoin SLXUSDTM+0.0100%4h0.06794+0.059%$1.0M$1.6M20xas long as short
SunX SLX-USDT+0.0100%4h0.06807+0.250%$1K$515K20xas long as short
OKX SLX-USDT-SWAPlong+0.0187%4h0.06790long leg$1.8M$2.0M20x
Gate SLX_USDTshort+0.0226%4h0.06796+0.088%$323K$780K25x
Bitget SLXUSDT+0.0226%4h0.06798+0.118%$1.1M$377K20xas long as short
Binance SLXUSDT+0.0421%4h0.06792+0.029%$2.6M$3.6M25xas long as short
MEXC SLX_USDT+0.0428%4h0.06780−0.147%$1.8M$292K20xas long as short
BloFin SLX-USDT+0.0458%4h0.06801+0.162%$168K$8K25xas long as short
Bybit SLXUSDT+0.0463%4h0.06784−0.088%$1.0M$615K20xas long as short
BingX SLX-USDT+0.0520%4h0.06792+0.029%$1.7Mas long as short
Show all 11 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster SLXUSDT+0.0834%4h0.06797+0.099%$19K$36K10xas long as short