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

CC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0046%/8h= −5.0% APRnext payment $0.23 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Binance+0.171%7-day average −0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$221as in the Funding arb table
Net, price: spread back to 7d avg − costs−$201as in the Price arb table
costs, in and out, $10k−$2222.216% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.005%+$1 on $10k
Price spread, last 4 days (all we have)−0.239%−$24 · spread now +0.171%, 7d avg −0.035%
Together, before fees−0.234%−$23 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Gate is 0.206% dearer against Binance than usual: you sell high and buy low (spread +0.171% now, against its 7-day average of −0.035%): +$21 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance CCUSDT0.11720.0100pay 0.0050% / 4h2h 51m$11.1M$11.9M75x
ShortGate CC_USDT0.11740.0054get 0.0027% / 4h2h 51m$362K$214K50x

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
−$9.66
Price spread: +0.171% → −0.035%
$20.57
Slippage, 4 orders
−$196.64
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$210.73
Costs to cover
2.216%
Break-even
never at this rate
Slippage from Binance: live order book, 4 min ago; Gate: live order book, 14 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, 4 min ago2.13 bp19.5 bp −$2072.4 bp −$724doesn't fitdoesn't fit
Sell Gate live order book, 14 min ago10.89 bp119.8 bp −$120doesn't fitdoesn't fitdoesn't fit

CC on 19 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
Injective CC/USDC PERP−0.3556%1h0.1184+1.007%$6K$965.5xas long as short
Bybit CCUSDT−0.0471%4h0.1173+0.077%$10.6M$3.8M25xas long as short
MEXC CC_USDT−0.0470%4h0.1174+0.119%$1.6M$313K100xas long as short
Gate CC_USDTshort+0.0054%4h0.1174+0.171%$362K$214K50x
Paradex CC-USD-PERP+0.0081%8h0.1173+0.042%$1K5xas long as short
Hyperliquid CC+0.0100%1h0.1174+0.185%$5.5M$1.4M3xas long as short
Aster CCUSDT+0.0100%4h0.1174+0.146%$35K$39K20xas long as short
Binance CCUSDTlong+0.0100%4h0.1172long leg$11.1M$11.9M75x
OKX CC-USDT-SWAP+0.0100%4h0.1174+0.119%$2.5M$3.6M20xas long as short
KuCoin CCUSDTM+0.0100%4h0.1174+0.196%$497K$120K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CCUSDT+0.0100%4h0.1174+0.179%$930K$804K20xas long as short
BingX CC-USDT+0.0100%4h0.1173+0.043%$6.6Mas long as short
Backpack CC_USDC_PERP+0.0100%1h0.1175+0.230%$15K$22K10xas long as short
Variational Omni CC+0.0100%4h0.1179+0.547%$601K$55Kas long as short
GRVT CC_USDT_Perp+0.0100%4h0.1175+0.249%$81K$2.3M10xas long as short
Derive CC-PERP+0.0100%1h0.1174+0.124%$6K$36K6.7xas long as short
Lighter CC+0.0216%1h0.1178+0.469%$233K$150K5xas long as short
BloFin CC-USDT+0.0340%4h0.1172−0.060%$598K$101K75xas long as short
GMX CC/USD [WBTC.b-USDC]L +0.0448% / S −0.0241%1h0.1176+0.338%$44K50xas long as short