Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0135%/8h= +14.8% APRpaid last 24h 0.000%

Price spread now: Gate against Bybit−0.220%7-day average −0.107% · you buy dearer than you sell

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1431.431% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.128%+$13 · spread now −0.220%, 7d avg −0.107%

Together, before fees+0.128%+$13 on $10k · with fees, hour by hour

Funding pays, the price is against you. Gate is 0.112% cheaper against Bybit than usual: you would sell low and buy high (spread −0.220% now, against its 7-day average of −0.107%). If the spread goes back, that is −$11 on $10k: about 2.8 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (0.000% in total) that is about years.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BEATUSDT	0.08639	0.0100	pay 0.0050% / 4h	3h 46m	$4.6M	$2.2M	25x
Short	Gate BEAT_USDT	0.08620	0.0235	get 0.0235% / 8h	7h 46m	$3.2M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now −0.220%Rate

Funding earned: $28.35
Price spread: −0.220% → −0.107%: −$11.25
Slippage, 4 orders: −$117.07
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$125.97
Costs to cover: 1.431%
Break-even: 38.1 days

Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 1 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 Bybit live order book, 1 min ago	0.58 bp	51.5 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	5.80 bp	19.1 bp −$19	179.1 bp −$1,791	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	0.08631	−0.090%	$48K	$30K	10x	as long as short
Bybit BEATUSDTlong	+0.0100%	4h	0.08639	long leg	$4.6M	$2.2M	25x
Variational Omni BEAT	+0.0100%	4h	0.08591	−0.559%	$33K	$588	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08654	+0.174%	$2K	$1.4M	20x	as long as short
Gate BEAT_USDTshort	+0.0235%	8h	0.08620	−0.220%	$3.2M	$2.0M	20x
OKX BEAT-USDT-SWAP	+0.0261%	4h	0.08640	+0.012%	$4.2M	$10.1M	10x	as long as short
edgeX BEATUSDC	+0.0334%	4h	0.08603	−0.415%	$4K	$165K	10x	as long as short
MEXC BEAT_USDT	+0.0338%	4h	0.08640	+0.012%	$5.7M	$2.5M	100x	as long as short
Extended BEAT-USD	+0.0344%	1h	0.08658	+0.222%	$7K	$245K	5x	as long as short
Binance BEATUSDT	+0.0346%	4h	0.08650	+0.127%	$8.1M	$10.9M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BEAT-USDT	+0.0357%	4h	0.08620	−0.220%	$485K	$49K	10x	as long as short
BingX BEAT-USDT	+0.0400%	4h	0.08640	+0.012%	—	$7.6M	—	as long as short
Bitget BEATUSDT	+0.0430%	4h	0.08650	+0.127%	$1.3M	$1.1M	10x	as long as short
HTX BEAT-USDT	+0.0611%	4h	0.08610	−0.336%	$118K	$66K	20x	as long as short
KuCoin BEATUSDTM	+0.0736%	4h	0.08644	+0.058%	$2.5M	$1.1M	25x	as long as short