Funding arb · Price arb /

BANANAS31

all BANANAS31 markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against BingX−0.140%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$286as in the Funding arb table

Net, price: spread back to 7d avg − costs−$296as in the Price arb table

costs, in and out, $10k−$2862.864% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.140%, 7d avg −0.043%

Together, before fees+0.040%+$4 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 0.098% cheaper against BingX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BANANAS31-USDT	0.007848	0.0100	pay 0.0050% / 4h	1h 22m	—	$2.3M	—
Short	Gate BANANAS31_USDT	0.007837	0.0100	get 0.0050% / 4h	1h 22m	$253K	$19K	20x

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 −0.140%Rate

Funding earned: $0
Price spread: −0.140% → −0.043%: −$9.75
Slippage, 4 orders: −$261.36
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$296.11
Costs to cover: 2.864%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Gate: live order book, 54 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, 11 min ago	8.29 bp	27.1 bp −$27	90.1 bp −$901	885.5 bp −$88.5K	1118.2 bp −$559.1K
Sell Gate live order book, 54 min ago	12.75 bp	172.4 bp −$172	doesn't fit	doesn't fit	doesn't fit

BANANAS31 on 9 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 BANANAS31USDT	+0.0100%	4h	0.007851	+0.035%	$18K	$2K	5x	as long as short
Binance BANANAS31USDT	+0.0100%	4h	0.007844	−0.057%	$5.8M	$1.5M	25x	as long as short
Bybit BANANAS31USDT	+0.0100%	4h	0.007851	+0.038%	$409K	$222K	20x	as long as short
Gate BANANAS31_USDTshort	+0.0100%	4h	0.007837	−0.140%	$253K	$19K	20x
MEXC BANANAS31_USDT	+0.0100%	4h	0.007843	−0.064%	$8.2M	$177K	100x	as long as short
KuCoin BANANAS31USDTM	+0.0100%	4h	0.007850	+0.025%	$137K	$21K	25x	as long as short
Bitget BANANAS31USDT	+0.0100%	4h	0.007842	−0.076%	$352K	$146K	25x	as long as short
BingX BANANAS31-USDTlong	+0.0100%	4h	0.007848	long leg	—	$2.3M	—
Variational Omni BANANAS31	+0.0100%	4h	0.007849	+0.007%	$4K	$3K	—	as long as short