Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0242%/8h= −26.5% APRpaid last 24h +0.063%

Price spread now: HTX against Gate+0.514%50s7-day average +0.431% · you sell dearer than you buy

Net, funding: paid 7d − costs−$161as 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−$1881.880% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.274%+$27 on $10k

Price spread, last 4 days (all we have)+0.880%+$88 · spread now +0.514%, 7d avg +0.431%

Together, before fees+1.154%+$115 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.084% dearer against Gate than usual: you sell high and buy low (spread +0.514% now, against its 7-day average of +0.431%): +$8 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 28 hours. Mind the row above: over the last 7 days funding on this pair paid +0.274%, so the current rate has only just turned against you. The two prices were read 50 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	0.08750	0.0464	pay 0.0464% / 8h	4h 52m	$3.3M	$2.1M	20x
Short	HTX BEAT-USDT	0.08795	0.0222	get 0.0111% / 4h	52m 19s	$121K	$67K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.514%Rate

Funding earned: −$50.75
Price spread: +0.514% → +0.431%: $8.38
Slippage, 4 orders: −$161.02
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$230.39
Costs to cover: 1.880%
Break-even: never at this rate

Slippage from Gate: live order book, 6 min ago; HTX: live order book, 4 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, 6 min ago	11.48 bp	26.9 bp −$27	85.5 bp −$855	doesn't fit	doesn't fit
Sell HTX live order book, 4 min ago	20.99 bp	80.7 bp −$81	doesn't fit	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	0.08752	+0.021%	$49K	$34K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08750	0.000%	$4.7M	$2.3M	25x	as long as short
Variational Omni BEAT	+0.0100%	4h	0.08769	+0.212%	$34K	$588	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08785	+0.400%	$1K	$1.5M	20x	as long as short
HTX BEAT-USDTshort	+0.0222%	4h	0.08795	+0.514%	$121K	$67K	20x
KuCoin BEATUSDTM	+0.0242%	4h	0.08749	−0.011%	$2.3M	$1.2M	25x	as long as short
BloFin BEAT-USDT	+0.0416%	4h	0.08790	+0.457%	$483K	$40K	10x	as long as short
edgeX BEATUSDC	+0.0433%	4h	0.08782	+0.361%	$4K	$165K	10x	as long as short
Bitget BEATUSDT	+0.0436%	4h	0.08760	+0.114%	$1.3M	$1.2M	10x	as long as short
Binance BEATUSDT	+0.0440%	4h	0.08755	+0.061%	$8.0M	$11.8M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BEAT_USDT	+0.0444%	4h	0.08750	0.000%	$5.8M	$2.5M	100x	as long as short
Extended BEAT-USD	+0.0448%	1h	0.08755	+0.055%	$7K	$226K	5x	as long as short
Gate BEAT_USDTlong	+0.0464%	8h	0.08750	long leg	$3.3M	$2.1M	20x
BingX BEAT-USDT	+0.0656%	4h	0.08760	+0.114%	—	$7.6M	—	as long as short
OKX BEAT-USDT-SWAP	+0.0699%	4h	0.08755	+0.057%	$4.1M	$11.1M	10x	as long as short