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

FORM

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SwapBacktest
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: Gate against Binance−0.167%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$115as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1131.131% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.017%−$2 on $10k
Price spread, last 4 days (all we have)+0.105%+$11 · spread now −0.167%, 7d avg +0.021%
Together, before fees+0.088%+$9 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 0.188% cheaper against Binance than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance FORMUSDT0.35850.0100pay 0.0050% / 4h2h 12m$19.1M$152.1M50x
ShortGate FORM_USDT0.35790.0100get 0.0050% / 4h2h 12m$782K$4.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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
$0
Price spread: −0.167% → +0.021%
−$18.79
Slippage, 4 orders
−$88.12
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$131.91
Costs to cover
1.131%
Break-even
never at this rate
Slippage from Binance: live order book, 1 min ago; Gate: live order book, 1 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 Binance live order book, 1 min ago1.40 bp19.6 bp −$2088.4 bp −$884535.4 bp −$53.5Kdoesn't fit
Sell Gate live order book, 1 min ago7.00 bp34.1 bp −$34147.6 bp −$1,476doesn't fitdoesn't fit

FORM on 9 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
gTrade (Gains Network) FORM/USDL −0.0007% / S +0.0008%1h0.3573−0.345%as long as short
BingX FORM-USDT+0.0070%4h0.35850.000%$3.7Mas long as short
Aster FORMUSDT+0.0100%4h0.3578−0.195%$45K$789K5xas long as short
Binance FORMUSDTlong+0.0100%4h0.3585long leg$19.1M$152.1M50x
Gate FORM_USDTshort+0.0100%4h0.3579−0.167%$782K$4.4M50x
MEXC FORM_USDT+0.0100%4h0.3584−0.028%$1.7M$8.9M100xas long as short
KuCoin FORMUSDTM+0.0100%4h0.3578−0.195%$437K$1.1M30xas long as short
Bitget FORMUSDT+0.0100%4h0.3584−0.028%$1.2M$9.0M50xas long as short
Bybit FORMUSDT+0.0402%4h0.3589+0.126%$2.3M$12.5M20xas long as short