Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0232%/8h= −25.4% APRpaid last 24h −0.081%

Price spread now: Gate against Binance−0.115%7-day average −0.178% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$790.795% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.192%−$19 on $10k

Price spread, last 3 days (all we have)−0.077%−$8 · spread now −0.115%, 7d avg −0.178%

Together, before fees−0.269%−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.062% dearer against Binance than usual: you sell high and buy low (spread −0.115% now, against its 7-day average of −0.178%): +$6 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 21 hours. At the pace of the last 7 days (−0.192% in total) that is about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BEATUSDT	0.08660	0.0332	pay 0.0166% / 4h	1h 15m	$8.1M	$10.7M	10x
Short	Gate BEAT_USDT	0.08650	0.0100	get 0.0100% / 8h	1h 15m	$3.2M	$2.1M	20x

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

Position, each leg$Hold fordaysFee BinancebpFee GatebpOrdersPrice spread, now −0.115%Rate

Funding earned: −$48.8
Price spread: −0.115% → −0.178%: $6.2
Slippage, 4 orders: −$54.48
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$122.07
Costs to cover: 0.795%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Gate: live order book, 3 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 Binance live order book, 10 min ago	5.78 bp	17.2 bp −$17	109.1 bp −$1,091	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	11.56 bp	24.7 bp −$25	201.1 bp −$2,011	doesn't fit	doesn't fit

BEAT 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 BEATUSDT	+0.0100%	4h	0.08666	+0.065%	$48K	$30K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08658	−0.023%	$4.6M	$2.1M	25x	as long as short
Gate BEAT_USDTshort	+0.0100%	8h	0.08650	−0.115%	$3.2M	$2.1M	20x
Variational Omni BEAT	+0.0100%	4h	0.08653	−0.076%	$33K	$587	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08684	+0.277%	$1K	$1.3M	20x	as long as short
OKX BEAT-USDT-SWAP	+0.0143%	4h	0.08661	+0.012%	$4.2M	$9.9M	10x	as long as short
Bitget BEATUSDT	+0.0266%	4h	0.08680	+0.231%	$1.3M	$1.2M	10x	as long as short
BloFin BEAT-USDT	+0.0270%	4h	0.08640	−0.231%	$486K	$49K	10x	as long as short
HTX BEAT-USDT	+0.0277%	4h	0.08678	+0.208%	$119K	$65K	20x	as long as short
BingX BEAT-USDT	+0.0322%	4h	0.08660	0.000%	—	$7.6M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX BEATUSDC	+0.0323%	4h	0.08654	−0.067%	$4K	$165K	10x	as long as short
MEXC BEAT_USDT	+0.0332%	4h	0.08660	0.000%	$5.8M	$2.4M	100x	as long as short
Binance BEATUSDTlong	+0.0332%	4h	0.08660	long leg	$8.1M	$10.7M	10x
Extended BEAT-USD	+0.0336%	1h	0.08668	+0.094%	$5K	$221K	5x	as long as short
KuCoin BEATUSDTM	+0.0892%	4h	0.08661	+0.012%	$2.5M	$1.1M	25x	as long as short