Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against BingX−0.176%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$346as in the Funding arb table

Net, price: spread back to 7d avg − costs−$335as in the Price arb table

costs, in and out, $10k−$3223.222% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.241%−$24 on $10k

Price spread, last 7 days+0.152%+$15 · spread now −0.176%, 7d avg −0.043%

Together, before fees−0.089%−$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 0.133% cheaper against BingX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX H-USDT	0.06818	0.0100	pay 0.0050% / 4h	3h 05m	—	$2.7M	—
Short	Gate H_USDT	0.06806	0.0100	get 0.0050% / 4h	3h 05m	$2.8M	$1.7M	10x

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 −0.176%Rate

Funding earned: $0
Price spread: −0.176% → −0.043%: −$13.25
Slippage, 4 orders: −$297.19
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$335.44
Costs to cover: 3.222%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Gate: live order book, 3 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, 4 min ago	3.69 bp	20.0 bp −$20	132.7 bp −$1,327	973.6 bp −$97.4K	1274.8 bp −$637.4K
Sell Gate live order book, 3 min ago	5.15 bp	145.6 bp −$146	doesn't fit	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−8.331%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06813	−0.079%	$107K	$57K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06819	+0.015%	$14.4M	$10.4M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06812	−0.088%	$7.4M	$4.8M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06827	+0.132%	$1.7M	$6.2M	10x	as long as short
Gate H_USDTshort	+0.0100%	4h	0.06806	−0.176%	$2.8M	$1.7M	10x
MEXC H_USDT	+0.0100%	4h	0.06812	−0.088%	$6.1M	$1.2M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06814	−0.059%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06811	−0.103%	$1.7M	$413K	4x	as long as short
BingX H-USDTlong	+0.0100%	4h	0.06818	long leg	—	$2.7M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06822	+0.064%	$9K	$3K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06806	−0.182%	$1.1M	$423K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06814	−0.056%	$9K	$208K	5x	as long as short
BloFin H-USDT	+0.0108%	4h	0.06794	−0.352%	$584K	$102K	25x	as long as short