Funding arb · Price arb /

CC

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Swap Backtest

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: BingX against Gate+0.034%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$186as in the Funding arb table

Net, price: spread back to 7d avg − costs−$189as in the Price arb table

costs, in and out, $10k−$1871.873% of the position

Long on Gate Short on BingX

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)+0.012%+$1 · spread now +0.034%, 7d avg +0.055%

Together, before fees+0.030%+$3 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: BingX is 0.021% cheaper against Gate than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CC_USDT	0.1175	0.0100	pay 0.0050% / 4h	3h 33m	$365K	$209K	50x
Short	BingX CC-USDT	0.1176	0.0100	get 0.0050% / 4h	3h 33m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.034%Rate

Funding earned: $0
Price spread: +0.034% → +0.055%: −$2.05
Slippage, 4 orders: −$162.34
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$189.4
Costs to cover: 1.873%
Break-even: never at this rate

Slippage from Gate: live order book, 16 min ago; BingX: live order book, 3 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, 16 min ago	10.66 bp	40.2 bp −$40	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	5.11 bp	26.9 bp −$27	79.3 bp −$793	372.9 bp −$37.3K	1143.9 bp −$572.0K

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
MEXC CC_USDT	−0.0114%	4h	0.1175	−0.009%	$1.7M	$331K	100x	as long as short
Bybit CCUSDT	−0.0084%	4h	0.1175	+0.017%	$10.8M	$3.8M	25x	as long as short
Injective CC/USDC PERP	+0.0033%	1h	0.1180	+0.408%	$402	$3K	5.5x	as long as short
Paradex CC-USD-PERP	+0.0098%	8h	0.1176	+0.086%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1178	+0.247%	$5.5M	$1.3M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1176	+0.043%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1175	−0.017%	$11.1M	$11.9M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1176	+0.085%	$2.6M	$3.1M	20x	as long as short
Gate CC_USDTlong	+0.0100%	4h	0.1175	long leg	$365K	$209K	50x
KuCoin CCUSDTM	+0.0100%	4h	0.1177	+0.119%	$485K	$106K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDT	+0.0100%	4h	0.1175	+0.017%	$921K	$771K	20x	as long as short
BingX CC-USDTshort	+0.0100%	4h	0.1176	+0.034%	—	$6.6M	—
Backpack CC_USDC_PERP	+0.0100%	1h	0.1175	−0.026%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1175	−0.017%	$598K	$56K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1172	−0.264%	$83K	$2.5M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1174	−0.113%	$6K	$33K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1176	+0.051%	$596K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0449% / S −0.0241%	1h	0.1176	+0.027%	$44K	—	50x	as long as short
Lighter CC	+0.0872%	1h	0.1180	+0.434%	$254K	$166K	5x	as long as short