Funding arb · Price arb /

IN

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Swap Backtest

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 −0.001%

Price spread now: Binance against Gate+0.044%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$783as in the Funding arb table

Net, price: spread back to 7d avg − costs−$741as in the Price arb table

costs, in and out, $10k−$7477.468% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.362%−$36 on $10k

Price spread, last 4 days (all we have)−0.135%−$14 · spread now +0.044%, 7d avg −0.016%

Together, before fees−0.497%−$50 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: Binance is 0.060% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IN_USDT	0.03481	0.0100	pay 0.0050% / 4h	3h 43m	$224K	$102K	50x
Short	Binance INUSDT	0.03483	0.0100	get 0.0050% / 4h	3h 43m	$1.9M	$1.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → −0.016%: $5.98
Slippage, 4 orders: −$721.75
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$740.77
Costs to cover: 7.468%
Break-even: never at this rate

Slippage from Gate: live order book, 23 min ago; Binance: live order book, 5 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, 23 min ago	8.58 bp	396.0 bp −$396	44093.1 bp −$440.9K	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	4.30 bp	33.4 bp −$33	181.4 bp −$1,814	doesn't fit	doesn't fit

IN on 9 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
Aster INUSDT	+0.0100%	4h	0.03474	−0.196%	$125K	$21K	5x	as long as short
Binance INUSDTshort	+0.0100%	4h	0.03483	+0.044%	$1.9M	$1.1M	25x
Bybit INUSDT	+0.0100%	4h	0.03484	+0.086%	$741K	$149K	20x	as long as short
Gate IN_USDTlong	+0.0100%	4h	0.03481	long leg	$224K	$102K	50x
MEXC IN_USDT	+0.0100%	4h	0.03485	+0.115%	$270K	$93K	20x	as long as short
KuCoin INUSDTM	+0.0100%	4h	0.03482	+0.029%	$274K	$48K	30x	as long as short
Bitget INUSDT	+0.0100%	4h	0.03482	+0.029%	$819K	$131K	25x	as long as short
BingX IN-USDT	+0.0100%	4h	0.03484	+0.086%	—	$2.3M	—	as long as short
Variational Omni IN	+0.0100%	4h	0.03480	−0.015%	$1K	$7	—	as long as short