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

BAND

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SwapBacktest
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 Binance+0.299%7-day average +0.104% · you sell dearer than you buy
Net, funding: paid 7d − costs−$416as in the Funding arb table
Net, price: spread back to 7d avg − costs−$397as in the Price arb table
costs, in and out, $10k−$4174.169% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.012%+$1 on $10k
Price spread, last 4 days (all we have)−0.240%−$24 · spread now +0.299%, 7d avg +0.104%
Together, before fees−0.228%−$23 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 0.195% dearer against Binance than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.104%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance BANDUSDT0.21510.0100pay 0.0100% / 8h7h 42m$1.4M$1.8M50x
ShortGate BAND_USDT0.21570.0100get 0.0100% / 8h7h 42m$200K$63K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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
$0
Price spread: +0.299% → +0.104%
$19.46
Slippage, 4 orders
−$391.9
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$397.44
Costs to cover
4.169%
Break-even
never at this rate
Slippage from Binance: live order book, 6 min ago; Gate: live order book, 24 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 Binance live order book, 6 min ago4.65 bp36.1 bp −$36320.0 bp −$3,200doesn't fitdoesn't fit
Sell Gate live order book, 24 min ago34.88 bp202.6 bp −$203doesn't fitdoesn't fitdoesn't fit

BAND on 10 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
Kraken Futures PF_BANDUSD−0.1647%1h0.2149−0.057%$20K$78910xas long as short
Binance BANDUSDTlong+0.0100%8h0.2151long leg$1.4M$1.8M50x
Bybit BANDUSDT+0.0100%8h0.2150−0.027%$329K$175K20xas long as short
OKX BAND-USDT-SWAP+0.0100%8h0.2150−0.027%$236K$413K10xas long as short
Gate BAND_USDTshort+0.0100%8h0.2157+0.299%$200K$63K20x
MEXC BAND_USDT+0.0100%8h0.2150−0.027%$372K$148K100xas long as short
KuCoin BANDUSDTM+0.0100%8h0.2151+0.020%$746K$64K30xas long as short
Bitget BANDUSDT+0.0100%8h0.2150−0.027%$805K$109K50xas long as short
Variational Omni BAND+0.0100%8h0.2152+0.051%$7K$963as long as short
BloFin BAND-USDT+0.0118%8h0.2150−0.027%$74K$8K50xas long as short