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

US

all US markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.004%
Price spread now: Extended against BloFin+0.029%74s7-day average −0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs−$318as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$3173.167% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.016%−$2 on $10k
Price spread, last 3 days (all we have)−0.039%−$4 · spread now +0.029%, 7d avg −0.071%
Together, before fees−0.055%+ Points / potential airdropExtended: Active · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Extended is 0.100% dearer against BloFin than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.071%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days. At the pace of the last 7 days (−0.016% in total) that is about 43 days. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin US-USDT0.016330.0222pay 0.0111% / 4h1h 17m$476K$49K10x
ShortExtended US-USD0.016340.0192get 0.0024% / 1h17m 56s$4K$141K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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
−$6.32
Price spread: +0.029% → −0.071%
$10.04
Slippage, 4 orders
−$299.67
Fee BloFin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$312.95
Costs to cover
3.167%
Break-even
never at this rate
Slippage from BloFin: live order book, 63 min ago; Extended: live order book, 62 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 BloFin live order book, 63 min ago3.34 bp37.8 bp −$38doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 62 min ago6.08 bp113.5 bp −$113doesn't fitdoesn't fitdoesn't fit

US on 11 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
KuCoin USUSDTM−0.0258%4h0.01630−0.214%$4.2M$278K20xas long as short
Aster USUSDT+0.0100%4h0.01635+0.090%$12K$55K5xas long as short
Bybit USUSDT+0.0100%4h0.01634+0.061%$3.2M$856K20xas long as short
Gate US_USDT+0.0100%4h0.01634+0.012%$2.1M$554K20xas long as short
Variational Omni US+0.0100%4h0.01636+0.147%$16K$3Kas long as short
Extended US-USDshort+0.0192%1h0.01634+0.029%$4K$141K5x
MEXC US_USDT+0.0194%4h0.01634+0.049%$5.5M$116K100xas long as short
Binance USUSDT+0.0194%4h0.01634+0.049%$9.1M$3.1M10xas long as short
BloFin US-USDTlong+0.0222%4h0.01633long leg$476K$49K10x
BingX US-USDT+0.0416%4h0.01634+0.049%$1.3Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget USUSDT+0.0450%4h0.01636+0.153%$4.3M$248K10xas long as short