Funding arb · Price arb /

F

all F markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0055%/8h= −6.0% APRpaid last 24h −0.200%

Price spread now: Gate against BingX+0.027%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$239as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$890.888% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−1.499%−$150 on $10k

Price spread, last 7 days+0.027%+$3 · spread now +0.027%, 7d avg −0.013%

Together, before fees−1.472%−$147 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.040% dearer against BingX than usual: you sell high and buy low (spread +0.027% now, against its 7-day average of −0.013%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.4 days. At the pace of the last 7 days (−1.499% in total) that is about 4 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX F-USDT	0.003718	0.0100	pay 0.0050% / 4h	2h 18m	—	$6.6M	—
Short	Gate F_USDT	0.003719	0.0045	get 0.0045% / 8h	2h 18m	$180K	$1.4M	25x

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

Position, each leg$Hold fordaysFee BingXbpFee GatebpOrdersPrice spread, now +0.027%Rate

Funding earned: −$11.55
Price spread: +0.027% → −0.013%: $3.96
Slippage, 4 orders: −$63.84
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$96.44
Costs to cover: 0.888%
Break-even: never at this rate

Slippage from BingX: live order book, 3 min ago; Gate: live order book, 4 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 BingX live order book, 3 min ago	4.03 bp	16.9 bp −$17	47.6 bp −$476	835.5 bp −$83.5K	1326.7 bp −$663.3K
Sell Gate live order book, 4 min ago	2.69 bp	26.4 bp −$26	216.3 bp −$2,163	doesn't fit	doesn't fit

F 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
Gate F_USDTshort	+0.0045%	8h	0.003719	+0.027%	$180K	$1.4M	25x
Aster FUSDT	+0.0100%	4h	0.003720	+0.049%	$15K	$30K	5x	as long as short
Binance FUSDT	+0.0100%	4h	0.003718	−0.002%	$4.0M	$7.7M	50x	as long as short
Bybit FUSDT	+0.0100%	4h	0.003718	0.000%	$2.4M	$2.6M	25x	as long as short
OKX F-USDT-SWAP	+0.0100%	4h	0.003716	−0.054%	$741K	$2.2M	20x	as long as short
MEXC F_USDT	+0.0100%	4h	0.003717	−0.027%	$646K	$194K	50x	as long as short
KuCoin FUSDTM	+0.0100%	4h	0.003720	+0.054%	$784K	$1.3M	30x	as long as short
Bitget FUSDT	+0.0100%	4h	0.003719	+0.027%	$510K	$990K	50x	as long as short
BingX F-USDTlong	+0.0100%	4h	0.003718	long leg	—	$6.6M	—
Variational Omni F	+0.0100%	4h	0.003717	−0.019%	$701	$379	—	as long as short