Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0053%/8h= −5.8% APRpaid last 24h −0.008%

Price spread now: Gate against OKX−0.288%7-day average −0.189% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$820.821% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.231%−$23 on $10k

Price spread, last 3 days (all we have)+0.039%+$4 · spread now −0.288%, 7d avg −0.189%

Together, before fees−0.192%−$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.099% cheaper against OKX than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.189%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BEAT-USDT-SWAP	0.08695	0.0153	pay 0.0077% / 4h	34m 03s	$4.2M	$10.1M	10x
Short	Gate BEAT_USDT	0.08670	0.0100	get 0.0100% / 8h	34m 03s	$3.3M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.288%Rate

Funding earned: −$11.14
Price spread: −0.288% → −0.189%: −$9.89
Slippage, 4 orders: −$57.08
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$103.12
Costs to cover: 0.821%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Gate: 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 OKX live order book, 4 min ago	0.57 bp	15.3 bp −$15	160.0 bp −$1,600	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	5.76 bp	26.4 bp −$26	219.4 bp −$2,194	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	0.08680	−0.174%	$48K	$30K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08687	−0.092%	$4.6M	$2.1M	25x	as long as short
Gate BEAT_USDTshort	+0.0100%	8h	0.08670	−0.288%	$3.3M	$2.1M	20x
Variational Omni BEAT	+0.0100%	4h	0.08674	−0.241%	$33K	$587	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08696	+0.012%	$1K	$1.3M	20x	as long as short
OKX BEAT-USDT-SWAPlong	+0.0153%	4h	0.08695	long leg	$4.2M	$10.1M	10x
BloFin BEAT-USDT	+0.0323%	4h	0.08670	−0.288%	$487K	$49K	10x	as long as short
Bitget BEATUSDT	+0.0334%	4h	0.08690	−0.058%	$1.3M	$1.2M	10x	as long as short
HTX BEAT-USDT	+0.0335%	4h	0.08732	+0.426%	$120K	$66K	20x	as long as short
Extended BEAT-USD	+0.0352%	1h	0.08688	−0.076%	$5K	$221K	5x	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	+0.0354%	4h	0.08680	−0.173%	$5.7M	$2.4M	100x	as long as short
Binance BEATUSDT	+0.0355%	4h	0.08691	−0.046%	$8.1M	$10.8M	10x	as long as short
edgeX BEATUSDC	+0.0364%	4h	0.08694	−0.011%	$4K	$165K	10x	as long as short
BingX BEAT-USDT	+0.0370%	4h	0.08690	−0.058%	—	$7.6M	—	as long as short
KuCoin BEATUSDTM	+0.0834%	4h	0.08674	−0.242%	$2.5M	$1.1M	25x	as long as short