Funding arb · Price arb /

ATH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.031%

Price spread now: Gate against dYdX−0.473%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Gate

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—needs both histories

Funding pays, the price is against you. Gate is 0.473% cheaper against dYdX than usual: you would sell low and buy high (spread −0.473% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$47 on $10k: about 16 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ATH-USD	0.005493	0	get 0.0000% / 1h	4m 16s	$11K	$57	5x
Short	Gate ATH_USDT	0.005467	0.0100	get 0.0050% / 4h	4m 16s	$783K	$589K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against dYdX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 dYdXbpFee GatebpOrdersPrice spread, now −0.473%Rate

Funding earned: $21
Price spread: −0.473% → 0.000%: −$47.25
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$51.25
Costs to cover: 0.250%
Break-even: 24.1 days

Slippage unknown: dYdX: no order-book sample; Gate: live order book, 52 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 dYdX no order-book sample	—	—	—	—	—
Sell Gate live order book, 52 min ago	6.37 bp	72.1 bp −$72	doesn't fit	doesn't fit	doesn't fit

dYdX: 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.

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	−0.2891%	1h	0.005475	−0.323%	$19K	$106K	10x	as long as short
Variational Omni ATH	−0.0101%	4h	0.005466	−0.499%	$184K	$93K	—	as long as short
dYdX ATH-USDlong	0.0000%	1h	0.005493	long leg	$11K	$57	5x
Aster ATHUSDT	+0.0100%	4h	0.005476	−0.302%	$5K	$42K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005480	−0.244%	$3.3M	$4.3M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005466	−0.491%	$4.3M	$2.6M	25x	as long as short
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005473	−0.363%	$700K	$1.3M	20x	as long as short
Gate ATH_USDTshort	+0.0100%	4h	0.005467	−0.473%	$783K	$589K	30x
MEXC ATH_USDT	+0.0100%	4h	0.005481	−0.218%	$8.9M	$646K	50x	as long as short
KuCoin ATHUSDTM	+0.0100%	4h	0.005468	−0.454%	$551K	$79K	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	0.005469	−0.436%	$1.5M	$889K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005472	−0.382%	—	$21.6M	—	as long as short
BloFin ATH-USDT	+0.0121%	4h	0.005481	−0.218%	$166K	$69K	75x	as long as short