Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0259%/8h= +28.4% APRpaid last 24h +0.078%

Price spread now: BloFin against Gate0.000%93s7-day average +0.254% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$800.803% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.194%+$19 on $10k

Price spread, last 3 days (all we have)+0.487%+$49 · spread now 0.000%, 7d avg +0.254%

Together, before fees+0.681%+$68 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.254% cheaper against Gate than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.254%). If the spread goes back, that is −$25 on $10k: about 3.3 days of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.194% in total) that is about 9.2 days. The two prices were read 93 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BEAT_USDT	0.08670	0.0100	pay 0.0100% / 8h	31m 39s	$3.3M	$2.1M	20x
Short	BloFin BEAT-USDT	0.08670	0.0359	get 0.0180% / 4h	31m 39s	$487K	$49K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $54.46
Price spread: 0.000% → +0.254%: −$25.4
Slippage, 4 orders: −$53.29
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$51.23
Costs to cover: 0.803%
Break-even: 13.6 days

Slippage from Gate: live order book, 1 min ago; BloFin: live order book, 44 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, 1 min ago	5.76 bp	26.5 bp −$26	85.9 bp −$859	doesn't fit	doesn't fit
Sell BloFin live order book, 44 min ago	11.52 bp	17.5 bp −$18	60.6 bp −$606	446.7 bp −$44.7K	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	0.08686	+0.179%	$48K	$30K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08682	+0.138%	$4.6M	$2.1M	25x	as long as short
Gate BEAT_USDTlong	+0.0100%	8h	0.08670	long leg	$3.3M	$2.1M	20x
Variational Omni BEAT	+0.0100%	4h	0.08674	+0.046%	$33K	$587	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08706	+0.415%	$1K	$1.3M	20x	as long as short
OKX BEAT-USDT-SWAP	+0.0160%	4h	0.08684	+0.161%	$4.2M	$10.0M	10x	as long as short
Bitget BEATUSDT	+0.0340%	4h	0.08690	+0.231%	$1.3M	$1.2M	10x	as long as short
HTX BEAT-USDT	+0.0340%	4h	0.08741	+0.819%	$120K	$66K	20x	as long as short
MEXC BEAT_USDT	+0.0358%	4h	0.08680	+0.115%	$5.7M	$2.4M	100x	as long as short
BloFin BEAT-USDTshort	+0.0359%	4h	0.08670	0.000%	$487K	$49K	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BEAT-USD	+0.0360%	1h	0.08688	+0.212%	$5K	$221K	5x	as long as short
BingX BEAT-USDT	+0.0360%	4h	0.08680	+0.115%	—	$7.6M	—	as long as short
Binance BEATUSDT	+0.0362%	4h	0.08688	+0.204%	$8.1M	$10.8M	10x	as long as short
edgeX BEATUSDC	+0.0364%	4h	0.08694	+0.277%	$4K	$165K	10x	as long as short
KuCoin BEATUSDTM	+0.0820%	4h	0.08685	+0.173%	$2.5M	$1.1M	25x	as long as short