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

US

all US markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h 0.000%
Price spread now: BloFin against Extended+0.184%54s7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$359as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$3613.608% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 4 days (all we have)−0.330%−$33 · spread now +0.184%, 7d avg +0.064%
Together, before fees−0.316%+ Points / potential airdropExtended: Active · farm board−$32 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.120% dearer against Extended than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.064%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended US-USD0.015410.0160pay 0.0020% / 1h0m 17s$3K$209K5x
ShortBloFin US-USDT0.015440.0224get 0.0112% / 4h3h 00m$461K$45K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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
$13.49
Price spread: +0.184% → +0.064%
$11.96
Slippage, 4 orders
−$343.85
Fee Extended: 2.5 bp × 2 orders
−$5
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$335.4
Costs to cover
3.608%
Break-even
181.0 days
Slippage from Extended: live order book, 3 min ago; BloFin: live order book, 11 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 Extended live order book, 3 min ago7.15 bp75.3 bp −$75818.1 bp −$8,181doesn't fitdoesn't fit
Sell BloFin live order book, 11 min ago2.26 bp48.9 bp −$49doesn'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−0.2326%4h0.01533−0.504%$3.5M$572K20xas long as short
Aster USUSDT+0.0100%4h0.01540−0.065%$14K$52K5xas long as short
Bybit USUSDT+0.0100%4h0.01540−0.024%$3.1M$989K20xas long as short
Gate US_USDT+0.0100%4h0.01538−0.147%$1.9M$694K20xas long as short
Bitget USUSDT+0.0100%4h0.01541+0.041%$4.1M$292K10xas long as short
Variational Omni US+0.0100%4h0.01543+0.127%$15K$4Kas long as short
Extended US-USDlong+0.0160%1h0.01541long leg$3K$209K5x
Binance USUSDT+0.0163%4h0.01541+0.009%$8.7M$3.6M10xas long as short
MEXC US_USDT+0.0172%4h0.01541+0.015%$5.2M$122K100xas long as short
BingX US-USDT+0.0198%4h0.01542+0.080%$1.3Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin US-USDTshort+0.0224%4h0.01544+0.184%$461K$45K10x