Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0011%/8h= +1.2% APRpaid last 24h −0.095%

Price spread now: Gate against BingX−0.326%7-day average −0.151% · you buy dearer than you sell

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$113as in the Price arb table

costs, in and out, $10k−$960.955% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.381%−$38 on $10k

Price spread, last 4 days (all we have)+0.154%+$15 · spread now −0.326%, 7d avg −0.151%

Together, before fees−0.227%−$23 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.175% cheaper against BingX than usual: you would sell low and buy high (spread −0.326% now, against its 7-day average of −0.151%). If the spread goes back, that is −$18 on $10k: about 53 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.381%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BEAT-USDT	0.09200	0.0354	pay 0.0177% / 4h	43m 21s	—	$7.7M	—
Short	Gate BEAT_USDT	0.09170	0.0365	get 0.0365% / 8h	43m 21s	$3.5M	$2.4M	20x

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 −0.326%Rate

Funding earned: $2.31
Price spread: −0.326% → −0.151%: −$17.5
Slippage, 4 orders: −$70.53
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$110.72
Costs to cover: 0.955%
Break-even: 342.5 days

Slippage from BingX: live order book, 9 min ago; Gate: live order book, 5 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, 9 min ago	10.83 bp	22.1 bp −$22	38.2 bp −$382	239.9 bp −$24.0K	doesn't fit
Sell Gate live order book, 5 min ago	10.83 bp	24.0 bp −$24	135.0 bp −$1,350	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	0.09189	−0.123%	$51K	$32K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.09196	−0.043%	$5.0M	$2.6M	25x	as long as short
Variational Omni BEAT	+0.0100%	4h	0.09216	+0.176%	$35K	$179	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.09213	+0.141%	$2K	$1.8M	20x	as long as short
HTX BEAT-USDT	+0.0128%	4h	0.09254	+0.587%	$129K	$60K	20x	as long as short
Bitget BEATUSDT	+0.0138%	4h	0.09210	+0.109%	$1.4M	$1.5M	10x	as long as short
BloFin BEAT-USDT	+0.0248%	4h	0.09230	+0.326%	$497K	$42K	10x	as long as short
Binance BEATUSDT	+0.0259%	4h	0.09204	+0.040%	$8.4M	$14.2M	10x	as long as short
Extended BEAT-USD	+0.0264%	1h	0.09188	−0.135%	$5K	$288K	5x	as long as short
MEXC BEAT_USDT	+0.0264%	4h	0.09190	−0.109%	$6.5M	$2.8M	100x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX BEATUSDC	+0.0286%	4h	0.09250	+0.543%	$4K	$167K	10x	as long as short
OKX BEAT-USDT-SWAP	+0.0337%	4h	0.09204	+0.043%	$4.4M	$13.9M	10x	as long as short
KuCoin BEATUSDTM	+0.0350%	4h	0.09188	−0.130%	$2.4M	$1.3M	25x	as long as short
BingX BEAT-USDTlong	+0.0354%	4h	0.09200	long leg	—	$7.7M	—
Gate BEAT_USDTshort	+0.0365%	8h	0.09170	−0.326%	$3.5M	$2.4M	20x