Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.079%

Price spread now: BingX against Gate+0.230%7-day average +0.152% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$890.889% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.353%+$35 on $10k

Price spread, last 3 days (all we have)−0.058%−$6 · spread now +0.230%, 7d avg +0.152%

Together, before fees+0.295%+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BingX is 0.078% dearer against Gate than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.152%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BEAT_USDT	0.08710	0.0100	pay 0.0100% / 8h	1h 55m	$3.2M	$2.0M	20x
Short	BingX BEAT-USDT	0.08730	0.0344	get 0.0172% / 4h	1h 55m	—	$7.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.230%Rate

Funding earned: $51.24
Price spread: +0.230% → +0.152%: $7.8
Slippage, 4 orders: −$63.9
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$29.86
Costs to cover: 0.889%
Break-even: 11.1 days

Slippage from Gate: live order book, 2 min ago; BingX: live order book, 12 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, 2 min ago	5.74 bp	29.6 bp −$30	124.8 bp −$1,248	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	11.51 bp	16.5 bp −$17	34.1 bp −$341	271.8 bp −$27.2K	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	0.08718	+0.087%	$48K	$30K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08727	+0.195%	$4.6M	$2.1M	25x	as long as short
Gate BEAT_USDTlong	+0.0100%	8h	0.08710	long leg	$3.2M	$2.0M	20x
Variational Omni BEAT	+0.0100%	4h	0.08687	−0.262%	$33K	$587	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08748	+0.436%	$2K	$1.3M	20x	as long as short
OKX BEAT-USDT-SWAP	+0.0182%	4h	0.08733	+0.264%	$4.2M	$9.9M	10x	as long as short
Bitget BEATUSDT	+0.0236%	4h	0.08740	+0.344%	$1.3M	$1.2M	10x	as long as short
HTX BEAT-USDT	+0.0322%	4h	0.08717	+0.080%	$120K	$66K	20x	as long as short
BloFin BEAT-USDT	+0.0338%	4h	0.08680	−0.344%	$490K	$49K	10x	as long as short
MEXC BEAT_USDT	+0.0344%	4h	0.08730	+0.230%	$5.9M	$2.4M	100x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BEAT-USDTshort	+0.0344%	4h	0.08730	+0.230%	—	$7.6M	—
edgeX BEATUSDC	+0.0344%	4h	0.08692	−0.203%	$4K	$164K	10x	as long as short
Extended BEAT-USD	+0.0352%	1h	0.08737	+0.305%	$5K	$221K	5x	as long as short
Binance BEATUSDT	+0.0353%	4h	0.08738	+0.321%	$8.2M	$10.6M	10x	as long as short
KuCoin BEATUSDTM	+0.0806%	4h	0.08734	+0.276%	$2.5M	$1.1M	25x	as long as short