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: Binance against Gate+0.117%7-day average +0.054% · you sell dearer than you buy

Net, funding: paid 7d − costs−$132as in the Funding arb table

Net, price: spread back to 7d avg − costs−$128as in the Price arb table

costs, in and out, $10k−$1341.339% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

Price spread, last 4 days (all we have)−0.514%−$51 · spread now +0.117%, 7d avg +0.054%

Together, before fees−0.494%−$49 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: Binance is 0.064% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BASED_USDT	0.06813	0.0100	pay 0.0050% / 4h	58m 35s	$535K	$576K	50x
Short	Binance BASEDUSDT	0.06821	0.0100	get 0.0050% / 4h	58m 35s	$4.2M	$3.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.117%Rate

Funding earned: $0
Price spread: +0.117% → +0.054%: $6.38
Slippage, 4 orders: −$108.94
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$127.56
Costs to cover: 1.339%
Break-even: never at this rate

Slippage from Gate: live order book, 63 min ago; Binance: live order book, 8 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 Gate live order book, 63 min ago	6.55 bp	32.5 bp −$32	5379.2 bp −$53.8K	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	1.46 bp	30.5 bp −$31	102.9 bp −$1,029	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	+0.103%	$29K	$6K	5x	as long as short
Binance BASEDUSDTshort	+0.0100%	4h	0.06821	+0.117%	$4.2M	$3.1M	25x
Bybit BASEDUSDT	+0.0100%	4h	0.06808	−0.073%	$2.1M	$682K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06814	+0.015%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDTlong	+0.0100%	4h	0.06813	long leg	$535K	$576K	50x
MEXC BASED_USDT	+0.0100%	4h	0.06821	+0.117%	$4.9M	$585K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06824	+0.161%	$570K	$72K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06825	+0.176%	$1.3M	$366K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06807	−0.088%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06803	−0.153%	$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	+0.103%	$94K	$380K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06817	+0.059%	$1K	$885K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06819	+0.091%	$1K	$197K	5x	as long as short
BloFin BASED-USDT	+0.0155%	4h	0.06824	+0.161%	$260K	$47K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0235%	4h	0.06817	+0.059%	$3K	$664	10x	as long as short