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

CROSS

all CROSS markets
SwapBacktest
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: Gate against BingX+0.139%7-day average −0.052% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,040as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,013as in the Price arb table
costs, in and out, $10k−$2,03220.316% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.082%−$8 on $10k
Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.139%, 7d avg −0.052%
Together, before fees−0.083%−$8 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 0.191% dearer against BingX than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.052%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX CROSS-USDT0.15100.0100pay 0.0050% / 4h3h 36m$1.3M
ShortGate CROSS_USDT0.15120.0100get 0.0050% / 4h3h 36m$187K$41K20x

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
Price spread: +0.139% → −0.052%
$19.06
Slippage, 4 orders
−$2,006.6
Fee BingX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$2,012.54
Costs to cover
20.316%
Break-even
never at this rate
Slippage from BingX: live order book, 8 min ago; Gate: live order book, 10 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, 8 min ago8.59 bp51.1 bp −$51133.0 bp −$1,3301086.1 bp −$108.6K1352.1 bp −$676.1K
Sell Gate live order book, 10 min ago7.25 bp1237.3 bp −$1,237doesn't fitdoesn't fitdoesn't fit

CROSS on 8 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 CROSSUSDT+0.0100%4h0.1512+0.126%$1.6M$2.7M40xas long as short
Bybit CROSSUSDT+0.0100%4h0.1511+0.079%$685K$588K20xas long as short
Gate CROSS_USDTshort+0.0100%4h0.1512+0.139%$187K$41K20x
MEXC CROSS_USDT+0.0100%4h0.1512+0.152%$312K$146K100xas long as short
KuCoin CROSSUSDTM+0.0100%4h0.1511+0.073%$275K$29K20xas long as short
Bitget CROSSUSDT+0.0100%4h0.1511+0.073%$1.3M$161K20xas long as short
BingX CROSS-USDTlong+0.0100%4h0.1510long leg$1.3M
Variational Omni CROSS+0.0100%4h0.1513+0.204%$696$2Kas long as short