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

FRAX

all FRAX markets
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: Bitget against Gate−0.014%7-day average · 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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate FRAX_USDT0.29050.0100pay 0.0050% / 4h2h 12m$43K$16K20x
ShortBitget FRAXUSDT0.29050.0100get 0.0050% / 4h2h 12m$144K$39K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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: −0.014% → 0.000%
−$1.38
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$28.38
Costs to cover
0.270%
Break-even
never at this rate
Slippage unknown: Gate: no order-book sample; Bitget: live order book, 47 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 Gate no order-book sample
Sell Bitget live order book, 47 min ago3.27 bp26.8 bp −$27318.2 bp −$3,182doesn't fitdoesn't fit
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

FRAX on 7 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 FRAXUSDT+0.0100%4h0.2907+0.080%$16K$15K5xas long as short
Binance FRAXUSDT+0.0100%4h0.2906+0.034%$1.5M$957K50xas long as short
Gate FRAX_USDTlong+0.0100%4h0.2905long leg$43K$16K20x
MEXC FRAX_USDT+0.0100%4h0.2906+0.034%$202K$111K50xas long as short
KuCoin FRAXUSDTM+0.0100%4h0.2911+0.207%$97K$156K50xas long as short
Bitget FRAXUSDTshort+0.0100%4h0.2905−0.014%$144K$39K50x
BingX FRAX-USDT+0.0100%4h0.2906+0.034%$1.2Mas long as short