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

FONE

all FONE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0304%/8h= +33.3% APRnext payment +$1.52 per $10,000 · paid last 24h −0.092%
Price spread now: Gate against BingX−0.675%7-day average −0.128% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.429%−$43 on $10k
Price spread, last 4 days (all we have)−0.321%−$32 · spread now −0.675%, 7d avg −0.128%
Together, before fees−0.751%−$75 on $10k · with fees, hour by hour
Funding pays, the price is against you. Gate is 0.547% cheaper against BingX than usual: you would sell low and buy high (spread −0.675% now, against its 7-day average of −0.128%). If the spread goes back, that is −$55 on $10k: about 6.0 days of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.429%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX FONE-USDT0.004888−0.0204get 0.0102% / 4h3h 23m$600K
ShortGate FONE_USDT0.0048550.0100get 0.0050% / 4h3h 23m$126K$115K10x

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
$63.84
Price spread: −0.675% → −0.128%
−$54.73
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$15.89
Costs to cover
0.250%
Break-even
8.7 days
Slippage unknown: BingX: live order book, 6 min ago; Gate: live order book, 2 min ago. Net counts fees only.

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, 6 min ago45.40 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 2 min ago48.17 bp2740.2 bp −$2,740doesn't fitdoesn't fitdoesn't fit

FONE on 4 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
MEXC FONE_USDT−0.0292%4h0.004884−0.082%$206K$120K20xas long as short
BingX FONE-USDTlong−0.0204%4h0.004888long leg$600K
Aster FONEUSDT+0.0100%1h0.004846−0.864%$30K$6K5xas long as short
Gate FONE_USDTshort+0.0100%4h0.004855−0.675%$126K$115K10x