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

CLO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h +0.053%
Price spread now: Gate against BingX+0.351%7-day average +0.168% · you sell dearer than you buy
Net, funding: paid 7d − costs−$322as in the Funding arb table
Net, price: spread back to 7d avg − costs−$305as in the Price arb table
costs, in and out, $10k−$3233.230% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.015%+$1 on $10k
Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.351%, 7d avg +0.168%
Together, before fees−0.128%−$13 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 0.183% dearer against BingX than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of +0.168%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX CLO-USDT0.068290.0102pay 0.0051% / 4h3h 33m$1.3M
ShortGate CLO_USDT0.068530.0100get 0.0100% / 8h3h 33m$438K$502K20x

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

Funding earned
−$0.42
Price spread: +0.351% → +0.168%
$18.3
Slippage, 4 orders
−$297.99
Fee BingX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$305.11
Costs to cover
3.230%
Break-even
never at this rate
Slippage from BingX: live order book, 11 min ago; Gate: live order book, 17 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 BingX live order book, 11 min ago2.16 bp23.2 bp −$23144.6 bp −$1,4461098.4 bp −$109.8K1395.6 bp −$697.8K
Sell Gate live order book, 17 min ago7.87 bp196.3 bp −$196doesn't fitdoesn't fitdoesn't fit

CLO on 9 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
Binance CLOUSDT+0.0100%4h0.06851+0.322%$4.1M$2.6M10xas long as short
Bybit CLOUSDT+0.0100%4h0.06850+0.308%$736K$438K20xas long as short
Gate CLO_USDTshort+0.0100%8h0.06853+0.351%$438K$502K20x
MEXC CLO_USDT+0.0100%4h0.06850+0.308%$588K$112K50xas long as short
KuCoin CLOUSDTM+0.0100%4h0.06821−0.117%$1.1M$11.0M10xas long as short
SunX CLO-USDT+0.0100%4h0.06846+0.249%$2K$891K20xas long as short
BingX CLO-USDTlong+0.0102%4h0.06829long leg$1.3M
BloFin CLO-USDT+0.0157%4h0.06832+0.044%$243K$51K10xas long as short
Aster CLOUSDT+0.0568%4h0.06848+0.278%$33K$24K5xas long as short