Settings8H · net · $10k
Funding arb · Price arb /

C98

all C98 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Binance+0.181%7-day average +0.038% · you sell dearer than you buy
Net, funding: paid 7d − costs−$623as in the Funding arb table
Net, price: spread back to 7d avg − costs−$611as in the Price arb table
costs, in and out, $10k−$6256.254% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.027%+$3 on $10k
Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.181%, 7d avg +0.038%
Together, before fees−0.077%−$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.143% dearer against Binance than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.038%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance C98USDT0.016280.0100pay 0.0100% / 8h2h 43m$1.4M$2.1M50x
ShortGate C98_USDT0.016310.0100get 0.0100% / 8h2h 43m$105K$47K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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

Funding earned
$0
Price spread: +0.181% → +0.038%
$14.29
Slippage, 4 orders
−$600.38
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$611.1
Costs to cover
6.254%
Break-even
never at this rate
Slippage from Binance: live order book, 5 min ago; Gate: live order book, 61 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 5 min ago6.11 bp35.3 bp −$35294.3 bp −$2,943doesn't fitdoesn't fit
Sell Gate live order book, 61 min ago9.14 bp262.1 bp −$262doesn't fitdoesn't fitdoesn't fit

C98 on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_C98USD−0.0024%1h0.01628−0.010%$17K$2K10xas long as short
BloFin C98-USDT+0.0096%8h0.01629+0.058%$130K$18K50xas long as short
Binance C98USDTlong+0.0100%8h0.01628long leg$1.4M$2.1M50x
Bybit C98USDT+0.0100%8h0.01630+0.113%$866K$332K25xas long as short
Gate C98_USDTshort+0.0100%8h0.01631+0.181%$105K$47K25x
MEXC C98_USDT+0.0100%8h0.01628−0.003%$281K$105K100xas long as short
KuCoin C98USDTM+0.0100%8h0.01631+0.181%$198K$39K20xas long as short
Bitget C98USDT+0.0100%8h0.01629+0.058%$191K$353K50xas long as short
Variational Omni C98+0.0100%8h0.01630+0.133%$8K$202as long as short