Funding arb · Price arb /

H

all H markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Gate+0.145%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$314as in the Funding arb table

Net, price: spread back to 7d avg − costs−$328as in the Price arb table

costs, in and out, $10k−$3383.384% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.245%+$25 on $10k

Price spread, last 7 days−0.131%−$13 · spread now +0.145%, 7d avg +0.041%

Together, before fees+0.115%+$11 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: BingX is 0.103% dearer against Gate than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate H_USDT	0.06913	0.0100	pay 0.0050% / 4h	1h 50m	$2.8M	$1.8M	10x
Short	BingX H-USDT	0.06923	0.0100	get 0.0050% / 4h	1h 50m	—	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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

Position, each leg$Hold fordaysFee GatebpFee BingXbpOrdersPrice spread, now +0.145%Rate

Funding earned: $0
Price spread: +0.145% → +0.041%: $10.32
Slippage, 4 orders: −$313.4
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$328.08
Costs to cover: 3.384%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; BingX: live order book, 13 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 Gate live order book, 2 min ago	5.06 bp	96.8 bp −$97	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 13 min ago	0.72 bp	18.3 bp −$18	115.6 bp −$1,156	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	−9.591%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0060%	4h	0.06924	+0.159%	$591K	$114K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06927	+0.203%	$113K	$57K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06928	+0.211%	$14.8M	$11.2M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06921	+0.116%	$7.6M	$5.0M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06938	+0.362%	$1.8M	$6.6M	10x	as long as short
Gate H_USDTlong	+0.0100%	4h	0.06913	long leg	$2.8M	$1.8M	10x
MEXC H_USDT	+0.0100%	4h	0.06918	+0.072%	$6.2M	$1.2M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06917	+0.058%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06927	+0.203%	$1.7M	$451K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDTshort	+0.0100%	4h	0.06923	+0.145%	—	$2.7M	—
Variational Omni H	+0.0100%	4h	0.06931	+0.265%	$9K	$7K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06936	+0.334%	$1.2M	$451K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06927	+0.207%	$14K	$95K	5x	as long as short