Funding arb · Price arb /

CROSS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Gate+0.167%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,654as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,653as in the Price arb table

costs, in and out, $10k−$1,66016.596% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.167%, 7d avg +0.097%

Together, before fees−0.035%−$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: Binance is 0.070% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CROSS_USDT	0.1497	0.0100	pay 0.0050% / 4h	2h 57m	$186K	$49K	20x
Short	Binance CROSSUSDT	0.1499	0.0100	get 0.0050% / 4h	2h 57m	$1.5M	$3.1M	40x

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 +0.167%Rate

Funding earned: $0
Price spread: +0.167% → +0.097%: $6.98
Slippage, 4 orders: −$1,634.6
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$1,652.61
Costs to cover: 16.596%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Binance: live order book, 9 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, 4 min ago	11.00 bp	396.0 bp −$396	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.33 bp	56.2 bp −$56	178.2 bp −$1,782	doesn't fit	doesn't fit

CROSS on 8 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
Binance CROSSUSDTshort	+0.0100%	4h	0.1499	+0.167%	$1.5M	$3.1M	40x
Bybit CROSSUSDT	+0.0100%	4h	0.1500	+0.180%	$683K	$663K	20x	as long as short
Gate CROSS_USDTlong	+0.0100%	4h	0.1497	long leg	$186K	$49K	20x
MEXC CROSS_USDT	+0.0100%	4h	0.1500	+0.227%	$321K	$154K	100x	as long as short
KuCoin CROSSUSDTM	+0.0100%	4h	0.1496	−0.067%	$272K	$31K	20x	as long as short
Bitget CROSSUSDT	+0.0100%	4h	0.1497	−0.013%	$1.3M	$207K	20x	as long as short
BingX CROSS-USDT	+0.0100%	4h	0.1499	+0.147%	—	$1.3M	—	as long as short
Variational Omni CROSS	+0.0100%	4h	0.1500	+0.226%	$690	$2K	—	as long as short