Funding arb · Price arb /

ATH

all ATH markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against BingX−0.055%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$222as in the Funding arb table

Net, price: spread back to 7d avg − costs−$224as in the Price arb table

costs, in and out, $10k−$2222.221% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.055%, 7d avg −0.033%

Together, before fees+0.034%+$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.022% cheaper against BingX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ATH-USDT	0.005475	0.0100	pay 0.0050% / 4h	3h 08m	—	$21.4M	—
Short	Gate ATH_USDT	0.005472	0.0100	get 0.0050% / 4h	3h 08m	$783K	$599K	30x

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

Position, each leg$Hold fordaysFee BingXbpFee GatebpOrdersPrice spread, now −0.055%Rate

Funding earned: $0
Price spread: −0.055% → −0.033%: −$2.17
Slippage, 4 orders: −$197.07
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$224.23
Costs to cover: 2.221%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; Gate: live order book, 43 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 BingX live order book, 15 min ago	5.49 bp	35.5 bp −$35	87.0 bp −$870	659.3 bp −$65.9K	1010.6 bp −$505.3K
Sell Gate live order book, 43 min ago	6.35 bp	81.3 bp −$81	doesn't fit	doesn't fit	doesn't fit

ATH on 13 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
Kraken Futures PF_ATHUSD	−0.2151%	1h	0.005474	−0.025%	$19K	$106K	10x	as long as short
Variational Omni ATH	−0.0086%	4h	0.005463	−0.219%	$183K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005485	+0.183%	$11K	$58	5x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005484	+0.156%	$4K	$42K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005480	+0.091%	$3.3M	$4.3M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005465	−0.183%	$4.3M	$2.6M	25x	as long as short
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005470	−0.091%	$705K	$1.3M	20x	as long as short
Gate ATH_USDTshort	+0.0100%	4h	0.005472	−0.055%	$783K	$599K	30x
MEXC ATH_USDT	+0.0100%	4h	0.005480	+0.091%	$8.9M	$646K	50x	as long as short
KuCoin ATHUSDTM	+0.0100%	4h	0.005475	0.000%	$553K	$77K	30x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005474	−0.018%	$1.5M	$892K	25x	as long as short
BingX ATH-USDTlong	+0.0100%	4h	0.005475	long leg	—	$21.4M	—
BloFin ATH-USDT	+0.0112%	4h	0.005487	+0.219%	$164K	$68K	75x	as long as short