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

4STOCK

all 4STOCK markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0136%/8h= −14.9% APRnext payment $0.68 per $10,000 · paid last 24h +0.060%
Price spread now: Gate against BingX−0.377%7-day average +0.314% · you buy dearer than you sell
Net, funding: paid 7d − costs−$651as in the Funding arb table
Net, price: spread back to 7d avg − costs−$640as in the Price arb table
costs, in and out, $10k−$5715.706% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.805%−$80 on $10k
Price spread, last 4 days (all we have)+0.738%+$74 · spread now −0.377%, 7d avg +0.314%
Together, before fees−0.067%−$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.691% cheaper against BingX than usual: you would sell low and buy high (−$69 if the spread goes back to its 7-day average of +0.314%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX 4STOCK-USDT0.010600.0236pay 0.0118% / 4h29m 59s$1.1M
ShortGate 4STOCK_USDT0.010560.0100get 0.0050% / 4h29m 59s$591K$870K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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
−$28.56
Price spread: −0.377% → +0.314%
−$69.11
Slippage, 4 orders
−$545.57
Fee BingX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$668.25
Costs to cover
5.706%
Break-even
never at this rate
Slippage from BingX: live order book, 15 min ago; Gate: live order book, 27 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 BingX live order book, 15 min ago9.57 bp83.0 bp −$83426.6 bp −$4,266doesn't fitdoesn't fit
Sell Gate live order book, 27 min ago14.46 bp191.9 bp −$192doesn't fitdoesn't fitdoesn't fit

4STOCK on 7 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
Gate 4STOCK_USDTshort+0.0100%4h0.01056−0.377%$591K$870K10x
edgeX 4STOCKUSDC+0.0189%4h0.01044−1.467%$2K$74K5xas long as short
BloFin 4STOCK-USDT+0.0201%4h0.01052−0.755%$88K$118K10xas long as short
Bybit 4STOCKUSDT+0.0217%4h0.01066+0.566%$2.4M$5.7M10xas long as short
MEXC 4STOCK_USDT+0.0218%4h0.01063+0.283%$622K$1.1M20xas long as short
BingX 4STOCK-USDTlong+0.0236%4h0.01060long leg$1.1M
Aster 4STOCKUSDT+0.1358%1h0.01062+0.147%$40K$58K5xas long as short