Funding arb · Price arb /

CHEEMS

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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: BingX against Gate+0.072%7-day average +0.185% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.139%+$14 · spread now +0.072%, 7d avg +0.185%

Together, before fees+0.153%+$15 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 0.113% cheaper against Gate than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.185%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CHEEMS_USDT	0.0000005573	0.0100	pay 0.0050% / 4h	1h 15m	$103K	$43K	20x
Short	BingX 1000CHEEMS-USDT	0.0000005577	0.0100	get 0.0050% / 4h	1h 15m	—	$1.3M	—

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 +0.072%Rate

Funding earned: $0
Price spread: +0.072% → +0.185%: −$11.3
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$36.3
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 60 min ago; BingX: live order book, 5 min ago. Net counts fees only.

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, 60 min ago	42.45 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	8.06 bp	36.2 bp −$36	194.7 bp −$1,947	464.6 bp −$46.5K	666.3 bp −$333.1K

CHEEMS on 7 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 1000CHEEMSUSDT	+0.0100%	4h	0.0000005582	+0.163%	$253K	$11K	5x	as long as short
Binance 1000CHEEMSUSDT	+0.0100%	4h	0.0000005577	+0.072%	$1.5M	$933K	25x	as long as short
Gate CHEEMS_USDTlong	+0.0100%	4h	0.0000005573	long leg	$103K	$43K	20x
MEXC CHEEMS_USDT	+0.0100%	4h	0.0000005578	+0.090%	$68K	$79K	50x	as long as short
KuCoin 1000CHEEMSUSDTM	+0.0100%	4h	0.0000005561	−0.215%	$64K	$178K	20x	as long as short
Bitget 1MCHEEMSUSDT	+0.0100%	4h	0.0000005575	+0.036%	$73K	$100K	25x	as long as short
BingX 1000CHEEMS-USDTshort	+0.0100%	4h	0.0000005577	+0.072%	—	$1.3M	—