Funding arb · Price arb /

AKE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0115%/8h= +12.6% APRpaid last 24h −0.003%

Price spread now: Binance against Bitget−0.095%7-day average +0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs+$76as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$780.778% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+1.535%+$154 on $10k

Price spread, last 7 days+0.006%+$1 · spread now −0.095%, 7d avg +0.075%

Together, before fees+1.541%+$154 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.170% cheaper against Bitget than usual: you would sell low and buy high (spread −0.095% now, against its 7-day average of +0.075%). If the spread goes back, that is −$17 on $10k: about 4.9 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+1.535% in total) that is about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget AKEUSDT	0.05810	0.0264	pay 0.0033% / 1h	51m 25s	$2.2M	$46.2M	10x
Short	Binance AKEUSDT	0.05804	0.0379	get 0.0190% / 4h	2h 51m	$29.2M	$502.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.095%Rate

Funding earned: $24.22
Price spread: −0.095% → +0.075%: −$17.05
Slippage, 4 orders: −$55.79
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$70.61
Costs to cover: 0.778%
Break-even: 27.4 days

Slippage from Bitget: live order book, 3 min ago; Binance: live order book, 7 min ago.

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 Bitget live order book, 3 min ago	2.12 bp	18.4 bp −$18	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	0.35 bp	16.0 bp −$16	76.6 bp −$766	doesn't fit	doesn't fit

AKE on 14 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 AKEUSDT	+0.0100%	1h	0.05810	+0.007%	$663K	$3.7M	5x	as long as short
SunX AKE-USDT	+0.0100%	4h	0.05816	+0.104%	—	$707K	10x	as long as short
HTX AKE-USDT	+0.0100%	4h	0.05838	+0.492%	$173K	$1.8M	10x	as long as short
Bitget AKEUSDTlong	+0.0264%	1h	0.05810	long leg	$2.2M	$46.2M	10x
Extended AKE-USD	+0.0376%	1h	0.05817	+0.122%	$79K	$288K	5x	as long as short
Binance AKEUSDTshort	+0.0379%	4h	0.05804	−0.095%	$29.2M	$502.5M	10x
MEXC AKE_USDT	+0.0380%	4h	0.05812	+0.033%	$15.1M	$35.6M	20x	as long as short
edgeX 1000AKEUSDC	+0.0386%	4h	0.05808	−0.025%	$254K	$1.3M	5x	as long as short
KuCoin AKEUSDTM	+0.0640%	4h	0.05811	+0.025%	$8.4M	$44.1M	10x	as long as short
Gate AKE_USDT	+0.0948%	4h	0.05810	+0.001%	$5.8M	$81.7M	25x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AKE-USDT	+0.1472%	4h	0.05802	−0.137%	—	$10.7M	—	as long as short
OKX AKE-USDT-SWAP	+0.1533%	4h	0.05806	−0.063%	$5.2M	$482.2M	20x	as long as short
Bybit AKEUSDT	+0.2985%	1h	0.05803	−0.110%	$18.4M	$182.4M	25x	as long as short
Variational Omni AKE	+0.3143%	1h	0.05799	−0.177%	$167K	$707K	—	as long as short