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

ESP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0005%/8h= −0.5% APRpaid last 24h 0.000%
Price spread now: Gate against edgeX−0.204%7-day average +0.078% · you buy dearer than you sell
Net, funding: paid 7d − costs−$179as in the Funding arb table
Net, price: spread back to 7d avg − costs−$188as in the Price arb table
costs, in and out, $10k−$1601.601% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.190%−$19 on $10k
Price spread, last 3 days (all we have)+0.150%+$15 · spread now −0.204%, 7d avg +0.078%
Together, before fees−0.041%+ Points / potential airdropedgeX: Active · farm board−$4 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 0.282% cheaper against edgeX than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of +0.078%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ESPUSDC0.093810.0105pay 0.0052% / 4h2h 57m$29K$268K10x
ShortGate ESP_USDT0.093620.0100get 0.0100% / 8h6h 57m$177K$595K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against edgeX. 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
−$1.02
Price spread: −0.204% → +0.078%
−$28.17
Slippage, 4 orders
−$136.06
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$189.25
Costs to cover
1.601%
Break-even
never at this rate
Slippage from edgeX: live order book, 11 min ago; Gate: live order book, 9 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 edgeX live order book, 11 min ago3.17 bp11.9 bp −$12doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 9 min ago14.82 bp66.8 bp −$67doesn't fitdoesn't fitdoesn't fit

ESP on 11 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
Aster ESPUSDT+0.0100%4h0.09359−0.236%$4K$24K5xas long as short
Binance ESPUSDT+0.0100%4h0.09344−0.400%$2.4M$4.2M25xas long as short
OKX ESP-USDT-SWAP+0.0100%4h0.09350−0.332%$592K$1.2M20xas long as short
Gate ESP_USDTshort+0.0100%8h0.09362−0.204%$177K$595K50x
MEXC ESP_USDT+0.0100%4h0.09344−0.396%$1.2M$112K20xas long as short
KuCoin ESPUSDTM+0.0100%4h0.09365−0.172%$1.5M$50K25xas long as short
Bitget ESPUSDT+0.0100%4h0.09357−0.260%$943K$151K20xas long as short
edgeX ESPUSDClong+0.0105%4h0.09381long leg$29K$268K10x
BloFin ESP-USDT+0.0140%4h0.09352−0.310%$122K$34K25xas long as short
Bybit ESPUSDT+0.0495%4h0.09327−0.577%$1.1M$607K50xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ESP-USDT+0.0568%4h0.09345−0.385%$1.7Mas long as short