Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0010%/8h= +1.1% APRpaid last 24h +0.039%

Price spread now: Bitget against Gate+0.113%7-day average +0.200% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1000.998% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 4 days (all we have)+0.087%+$9 · spread now +0.113%, 7d avg +0.200%

Together, before fees+0.243%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bitget is 0.087% cheaper against Gate than usual: you would sell low and buy high (spread +0.113% now, against its 7-day average of +0.200%). If the spread goes back, that is −$9 on $10k: about 29 days of funding at the current rate ($0 a day). At the pace of the last 7 days (+0.156% in total) that is about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BEAT_USDT	0.08820	0.0302	pay 0.0302% / 8h	4h 05m	$3.3M	$2.1M	20x
Short	Bitget BEATUSDT	0.08830	0.0312	get 0.0156% / 4h	5m 18s	$1.3M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.113%Rate

Funding earned: $2.1
Price spread: +0.113% → +0.200%: −$8.66
Slippage, 4 orders: −$72.84
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$106.39
Costs to cover: 0.998%
Break-even: 361.6 days

Slippage from Gate: live order book, 3 min ago; Bitget: 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 Gate live order book, 3 min ago	11.31 bp	26.7 bp −$27	91.8 bp −$918	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	5.65 bp	26.8 bp −$27	70.9 bp −$709	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	0.08832	+0.134%	$49K	$33K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08828	+0.091%	$4.7M	$2.3M	25x	as long as short
Variational Omni BEAT	+0.0100%	4h	0.08824	+0.051%	$34K	$588	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08847	+0.306%	$2K	$1.5M	20x	as long as short
KuCoin BEATUSDTM	+0.0204%	4h	0.08826	+0.068%	$2.3M	$1.3M	25x	as long as short
HTX BEAT-USDT	+0.0209%	4h	0.08849	+0.329%	$121K	$68K	20x	as long as short
Gate BEAT_USDTlong	+0.0302%	8h	0.08820	long leg	$3.3M	$2.1M	20x
Bitget BEATUSDTshort	+0.0312%	4h	0.08830	+0.113%	$1.3M	$1.2M	10x
BloFin BEAT-USDT	+0.0393%	4h	0.08860	+0.454%	$484K	$41K	10x	as long as short
Binance BEATUSDT	+0.0433%	4h	0.08830	+0.113%	$8.1M	$12.0M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BEAT-USD	+0.0440%	1h	0.08834	+0.154%	$5K	$225K	5x	as long as short
MEXC BEAT_USDT	+0.0440%	4h	0.08820	0.000%	$5.8M	$2.5M	100x	as long as short
edgeX BEATUSDC	+0.0445%	4h	0.08846	+0.298%	$4K	$165K	10x	as long as short
BingX BEAT-USDT	+0.0678%	4h	0.08830	+0.113%	—	$7.6M	—	as long as short
OKX BEAT-USDT-SWAP	+0.0693%	4h	0.08839	+0.215%	$4.1M	$11.5M	10x	as long as short