Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against BingX+0.088%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$133as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1301.303% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 4 days (all we have)+0.003%$0 · spread now +0.088%, 7d avg +0.006%

Together, before fees−0.025%−$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 0.082% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BASED-USDT	0.06807	0.0100	pay 0.0050% / 4h	58m 49s	—	$1.7M	—
Short	Gate BASED_USDT	0.06813	0.0100	get 0.0050% / 4h	58m 49s	$535K	$576K	50x

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 +0.088%Rate

Funding earned: $0
Price spread: +0.088% → +0.006%: $8.2
Slippage, 4 orders: −$105.34
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$122.14
Costs to cover: 1.303%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; Gate: live order book, 62 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, 3 min ago	5.14 bp	24.4 bp −$24	86.8 bp −$868	doesn't fit	doesn't fit
Sell Gate live order book, 62 min ago	6.55 bp	41.1 bp −$41	doesn't fit	doesn't fit	doesn't fit

BASED on 15 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 BASEDUSDT	+0.0100%	4h	0.06820	+0.189%	$29K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06823	+0.240%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06808	+0.015%	$2.1M	$682K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06815	+0.118%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDTshort	+0.0100%	4h	0.06813	+0.088%	$535K	$576K	50x
MEXC BASED_USDT	+0.0100%	4h	0.06820	+0.191%	$4.9M	$585K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06824	+0.250%	$570K	$72K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06826	+0.279%	$1.3M	$366K	25x	as long as short
BingX BASED-USDTlong	+0.0100%	4h	0.06807	long leg	—	$1.7M	—
Variational Omni BASED	+0.0100%	4h	0.06803	−0.065%	$94K	$15K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06820	+0.191%	$94K	$380K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06817	+0.147%	$1K	$885K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06819	+0.172%	$1K	$197K	5x	as long as short
BloFin BASED-USDT	+0.0155%	4h	0.06824	+0.250%	$260K	$47K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0235%	4h	0.06817	+0.147%	$3K	$664	10x	as long as short