Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against BingX−0.138%7-day average −0.054% · you buy dearer than you sell

Net, funding: paid 7d − costs−$196as in the Funding arb table

Net, price: spread back to 7d avg − costs−$203as in the Price arb table

costs, in and out, $10k−$1951.946% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.091%+$9 · spread now −0.138%, 7d avg −0.054%

Together, before fees+0.074%+$7 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 0.083% cheaper against BingX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX CC-USDT	0.1163	0.0100	pay 0.0050% / 4h	1h 02m	—	$6.6M	—
Short	Gate CC_USDT	0.1162	0.0100	get 0.0050% / 4h	1h 02m	$360K	$213K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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 BingXbpFee GatebpOrdersPrice spread, now −0.138%Rate

Funding earned: $0
Price spread: −0.138% → −0.054%: −$8.32
Slippage, 4 orders: −$169.6
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$202.92
Costs to cover: 1.946%
Break-even: never at this rate

Slippage from BingX: live order book, 13 min ago; Gate: live order book, 12 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 BingX live order book, 13 min ago	5.60 bp	21.1 bp −$21	71.2 bp −$712	342.6 bp −$34.3K	1036.3 bp −$518.1K
Sell Gate live order book, 12 min ago	10.77 bp	78.1 bp −$78	doesn't fit	doesn't fit	doesn't fit

CC on 19 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
Injective CC/USDC PERP	−0.3951%	1h	0.1150	−1.143%	$6K	$100	5.5x	as long as short
Paradex CC-USD-PERP	+0.0095%	8h	0.1164	+0.055%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1163	−0.006%	$34K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1163	−0.009%	$11.0M	$11.1M	75x	as long as short
Bybit CCUSDT	+0.0100%	4h	0.1163	+0.009%	$10.5M	$3.7M	25x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1165	+0.120%	$2.5M	$3.4M	20x	as long as short
Gate CC_USDTshort	+0.0100%	4h	0.1162	−0.138%	$360K	$213K	50x
MEXC CC_USDT	+0.0100%	4h	0.1163	−0.017%	$1.6M	$317K	100x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1164	+0.043%	$493K	$115K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1164	+0.069%	$929K	$788K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDTlong	+0.0100%	4h	0.1163	long leg	—	$6.6M	—
Backpack CC_USDC_PERP	+0.0100%	1h	0.1163	+0.009%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1161	−0.211%	$578K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1162	−0.115%	$78K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1162	−0.075%	$5K	$35K	6.7x	as long as short
Hyperliquid CC	+0.0314%	1h	0.1166	+0.224%	$5.4M	$1.3M	3x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1163	−0.052%	$584K	$105K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0442% / S −0.0239%	1h	0.1164	+0.046%	$43K	—	50x	as long as short
Lighter CC	+0.1232%	1h	0.1168	+0.395%	$234K	$152K	5x	as long as short