Funding arb · Price arb /

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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 +0.049%

Price spread now: Binance against Gate−0.146%7-day average +0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,004as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,036as in the Price arb table

costs, in and out, $10k−$1,01410.142% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 4 days (all we have)+0.165%+$16 · spread now −0.146%, 7d avg +0.073%

Together, before fees+0.262%+$26 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: Binance is 0.218% cheaper against Gate than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CLANKER_USDT	13.740	0.0100	pay 0.0050% / 4h	2h 42m	$120K	$158K	25x
Short	Binance CLANKERUSDT	13.720	0.0100	get 0.0050% / 4h	2h 42m	$1.8M	$5.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.146%Rate

Funding earned: $0
Price spread: −0.146% → +0.073%: −$21.83
Slippage, 4 orders: −$989.19
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1,036.02
Costs to cover: 10.142%
Break-even: never at this rate

Slippage from Gate: live order book, 63 min ago; Binance: live order book, 10 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, 63 min ago	10.70 bp	690.0 bp −$690	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	7.26 bp	59.7 bp −$60	206.1 bp −$2,061	doesn't fit	doesn't fit

CLANKER on 10 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
BloFin CLANKER-USDT	+0.0079%	4h	13.760	+0.146%	$119K	$21K	25x	as long as short
Binance CLANKERUSDTshort	+0.0100%	4h	13.720	−0.146%	$1.8M	$5.3M	25x
Bybit CLANKERUSDT	+0.0100%	4h	13.738	−0.015%	$648K	$1.0M	20x	as long as short
Gate CLANKER_USDTlong	+0.0100%	4h	13.740	long leg	$120K	$158K	25x
MEXC CLANKER_USDT	+0.0100%	4h	13.740	0.000%	$377K	$248K	50x	as long as short
KuCoin CLANKERUSDTM	+0.0100%	4h	13.710	−0.218%	$331K	$158K	25x	as long as short
Bitget CLANKERUSDT	+0.0100%	4h	13.750	+0.073%	$628K	$519K	20x	as long as short
BingX CLANKER-USDT	+0.0100%	4h	13.770	+0.218%	—	$6.8M	—	as long as short
Variational Omni CLANKER	+0.0100%	4h	13.799	+0.430%	$27K	$26K	—	as long as short
Aster CLANKERUSDT	+0.0319%	4h	13.748	+0.062%	$17K	$32K	5x	as long as short