Funding arb · Price arb /

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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: OKX against Gate−0.074%7-day average −0.036% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$1121.123% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.232%−$23 · spread now −0.074%, 7d avg −0.036%

Together, before fees−0.246%−$25 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: OKX is 0.038% cheaper against Gate than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BASED_USDT	0.06780	0.0100	pay 0.0050% / 4h	2h 18m	$540K	$520K	50x
Short	OKX BASED-USDT-SWAP	0.06775	0.0100	get 0.0050% / 4h	2h 18m	$2.6M	$3.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.074%Rate

Funding earned: $0
Price spread: −0.074% → −0.036%: −$3.77
Slippage, 4 orders: −$87.35
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$116.12
Costs to cover: 1.123%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; OKX: live order book, 4 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, 3 min ago	8.86 bp	37.6 bp −$38	7092.9 bp −$70.9K	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.74 bp	18.7 bp −$19	101.3 bp −$1,013	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
BloFin BASED-USDT	+0.0043%	4h	0.06777	−0.044%	$251K	$37K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06781	+0.015%	$4.2M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06773	−0.103%	$2.1M	$576K	25x	as long as short
OKX BASED-USDT-SWAPshort	+0.0100%	4h	0.06775	−0.074%	$2.6M	$3.4M	20x
Gate BASED_USDTlong	+0.0100%	4h	0.06780	long leg	$540K	$520K	50x
MEXC BASED_USDT	+0.0100%	4h	0.06782	+0.029%	$4.8M	$656K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06771	−0.133%	$565K	$111K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06787	+0.103%	$1.3M	$360K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06773	−0.103%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06761	−0.286%	$92K	$22K	—	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	0.06776	−0.062%	$93K	$372K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06777	−0.044%	$1K	$797K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06782	+0.036%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0177%	4h	0.06775	−0.078%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0310%	4h	0.06777	−0.044%	$3K	$652	10x	as long as short