Funding arb · Price arb /

F

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0195%/8h= +21.4% APRpaid last 24h −0.033%

Price spread now: Gate against OKX+0.054%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$195as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1091.092% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.863%−$86 on $10k

Price spread, last 7 days+0.021%+$2 · spread now +0.054%, 7d avg +0.012%

Together, before fees−0.842%−$84 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Gate is 0.042% dearer against OKX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.012%. Mind the row above: over the last 7 days funding on this pair cost −0.863%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX F-USDT-SWAP	0.003679	−0.0095	get 0.0048% / 4h	54m 45s	$719K	$2.1M	20x
Short	Gate F_USDT	0.003681	0.0100	get 0.0100% / 8h	4h 54m	$145K	$1.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now +0.054%Rate

Funding earned: $40.96
Price spread: +0.054% → +0.012%: $4.21
Slippage, 4 orders: −$84.19
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$64.03
Costs to cover: 1.092%
Break-even: 17.9 days

Slippage from OKX: live order book, 2 min ago; Gate: live order book, 2 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 OKX live order book, 2 min ago	2.72 bp	21.7 bp −$22	182.0 bp −$1,820	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.71 bp	33.5 bp −$34	doesn't fit	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
OKX F-USDT-SWAPlong	−0.0095%	4h	0.003679	long leg	$719K	$2.1M	20x
Aster FUSDT	+0.0100%	4h	0.003685	+0.150%	$15K	$28K	5x	as long as short
Binance FUSDT	+0.0100%	4h	0.003681	+0.054%	$3.9M	$6.2M	50x	as long as short
Bybit FUSDT	+0.0100%	4h	0.003682	+0.082%	$2.4M	$2.3M	25x	as long as short
Gate F_USDTshort	+0.0100%	8h	0.003681	+0.054%	$145K	$1.3M	25x
MEXC F_USDT	+0.0100%	4h	0.003683	+0.109%	$619K	$172K	50x	as long as short
KuCoin FUSDTM	+0.0100%	4h	0.003686	+0.190%	$659K	$1.2M	30x	as long as short
Bitget FUSDT	+0.0100%	4h	0.003683	+0.109%	$481K	$778K	50x	as long as short
BingX F-USDT	+0.0100%	4h	0.003680	+0.027%	—	$6.6M	—	as long as short
Variational Omni F	+0.0100%	4h	0.003683	+0.106%	$701	$386	—	as long as short