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: OKX against Gate+0.366%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$266as in the Funding arb table

Net, price: spread back to 7d avg − costs−$242as in the Price arb table

costs, in and out, $10k−$2712.711% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 7 days−0.300%−$30 · spread now +0.366%, 7d avg +0.073%

Together, before fees−0.252%−$25 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: OKX is 0.293% dearer against Gate than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate H_USDT	0.06833	0.0100	pay 0.0050% / 4h	3h 31m	$2.8M	$1.8M	10x
Short	OKX H-USDT-SWAP	0.06858	0.0100	get 0.0050% / 4h	3h 31m	$1.8M	$6.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.366%Rate

Funding earned: $0
Price spread: +0.366% → +0.073%: $29.27
Slippage, 4 orders: −$246.13
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$241.87
Costs to cover: 2.711%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; OKX: live order book, 1 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, 1 min ago	5.13 bp	108.4 bp −$108	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.73 bp	26.1 bp −$26	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	−8.532%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0045%	4h	0.06855	+0.322%	$588K	$112K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06836	+0.044%	$112K	$54K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06850	+0.250%	$14.7M	$11.2M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06836	+0.048%	$7.6M	$4.9M	13x	as long as short
OKX H-USDT-SWAPshort	+0.0100%	4h	0.06858	+0.366%	$1.8M	$6.3M	10x
Gate H_USDTlong	+0.0100%	4h	0.06833	long leg	$2.8M	$1.8M	10x
MEXC H_USDT	+0.0100%	4h	0.06849	+0.234%	$6.1M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06839	+0.088%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06846	+0.190%	$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-USDT	+0.0100%	4h	0.06852	+0.278%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06792	−0.603%	$8K	$9K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06839	+0.093%	$1.1M	$447K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06847	+0.210%	$11K	$104K	5x	as long as short