Funding arb · Price arb /

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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 0.000%

Price spread now: Binance against Gate−0.129%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$268as in the Funding arb table

Net, price: spread back to 7d avg − costs−$280as in the Price arb table

costs, in and out, $10k−$2692.691% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+0.241%+$24 · spread now −0.129%, 7d avg −0.021%

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: Binance is 0.109% cheaper against Gate than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate LAYER_USDT	0.07737	0.0100	pay 0.0050% / 4h	6m 59s	$139K	$47K	20x
Short	Binance LAYERUSDT	0.07727	0.0100	get 0.0050% / 4h	6m 59s	$2.1M	$2.6M	50x

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 −0.129%Rate

Funding earned: $0
Price spread: −0.129% → −0.021%: −$10.87
Slippage, 4 orders: −$244.06
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$279.93
Costs to cover: 2.691%
Break-even: never at this rate

Slippage from Gate: live order book, 43 min ago; Binance: 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, 43 min ago	11.12 bp	100.2 bp −$100	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	1.30 bp	21.3 bp −$21	98.6 bp −$986	doesn't fit	doesn't fit

LAYER on 13 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
Kraken Futures PF_LAYERUSD	−0.0506%	1h	0.07727	−0.124%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.984%	—	$18K	5.5x	as long as short
BloFin LAYER-USDT	+0.0081%	4h	0.07729	−0.103%	$115K	$16K	50x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07740	+0.035%	$600K	$167K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07727	−0.127%	$10K	$4K	5x	as long as short
Binance LAYERUSDTshort	+0.0100%	4h	0.07727	−0.129%	$2.1M	$2.6M	50x
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07717	−0.258%	$723K	$751K	20x	as long as short
Gate LAYER_USDTlong	+0.0100%	4h	0.07737	long leg	$139K	$47K	20x
MEXC LAYER_USDT	+0.0100%	4h	0.07722	−0.194%	$366K	$122K	20x	as long as short
Bitget LAYERUSDT	+0.0100%	4h	0.07726	−0.142%	$1.1M	$141K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX LAYER-USDT	+0.0100%	4h	0.07727	−0.129%	—	$1.6M	—	as long as short
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07730	−0.090%	$17K	$193K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07725	−0.157%	$839	$169K	5x	as long as short