Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: tradeXYZ against HTX−0.234%7-day average — · you buy dearer than you sell

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

Long on HTX Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdroptradeXYZ: Active · farm boardneeds both histories

Funding pays, the price is against you. tradeXYZ is 0.234% cheaper against HTX than usual: you would sell low and buy high (spread −0.234% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 16 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX COST-USDT	904.19	0	get 0.0000% / 8h	1h 24m	$10K	$42K	10x
Short	tradeXYZ xyz:COST	902.07	0.0050	get 0.0006% / 1h	24m 17s	$1.8M	$519K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ against HTX. 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 HTXbpFee tradeXYZbpOrdersPrice spread, now −0.234%Rate

Funding earned: $10.5
Price spread: −0.234% → 0.000%: −$23.45
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$42.95
Costs to cover: 0.300%
Break-even: 35.6 days

Slippage unknown: HTX: no order-book sample; tradeXYZ: live order book, 3 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 HTX no order-book sample	—	—	—	—	—
Sell tradeXYZ live order book, 3 min ago	1.55 bp	14.8 bp −$15	doesn't fit	doesn't fit	doesn't fit

HTX: 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.

COST on 15 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
Aster COSTUSDT	0.0000%	8h	902.96	−0.136%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	902.52	−0.185%	$1.1M	$1.0M	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	902.85	−0.148%	$491K	$218K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	902.52	−0.185%	$442K	$122K	10x	as long as short
Gate COST_USDT	0.0000%	8h	902.54	−0.182%	$522K	$8K	25x	as long as short
Bitget COSTUSDT	0.0000%	8h	902.41	−0.197%	$401K	$83K	25x	as long as short
Variational Omni COST	0.0000%	8h	902.65	−0.171%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	902.00	−0.242%	$2K	$2.9M	10x	as long as short
HTX COST-USDTlong	0.0000%	8h	904.19	long leg	$10K	$42K	10x
QFEX COST-USD	0.0000%	1h	902.47	−0.190%	$1.1M	$2.4M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.350%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.657%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	902.54	−0.182%	—	—	25x	as long as short
tradeXYZ xyz:COSTshort	+0.0050%	1h	902.07	−0.234%	$1.8M	$519K	20x
KuCoin COSTUSDTM	+0.0100%	8h	901.90	−0.253%	$48K	$903K	20x	as long as short