Funding arb · Price arb /

NOT

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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: Gate against BingX−0.277%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$396as in the Funding arb table

Net, price: spread back to 7d avg − costs−$425as in the Price arb table

costs, in and out, $10k−$3943.942% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 4 days (all we have)+0.340%+$34 · spread now −0.277%, 7d avg +0.031%

Together, before fees+0.325%+$33 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 0.307% cheaper against BingX than usual: you would sell low and buy high, −$31 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NOT-USDC	0.0005059	0.0100	pay 0.0050% / 4h	31m 46s	—	$725K	—
Short	Gate NOT_USDT	0.0005045	0.0100	get 0.0050% / 4h	31m 46s	$140K	$70K	50x

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 −0.277%Rate

Funding earned: $0
Price spread: −0.277% → +0.031%: −$30.73
Slippage, 4 orders: −$369.23
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$424.96
Costs to cover: 3.942%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; Gate: live order book, 19 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, 12 min ago	5.96 bp	128.0 bp −$128	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 19 min ago	10.94 bp	76.1 bp −$76	doesn't fit	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	−0.0398%	4h	0.0005028	−0.620%	$72K	$39K	—	as long as short
KuCoin NOTUSDTM	−0.0262%	4h	0.0005049	−0.198%	$468K	$127K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.657%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0065%	4h	0.0005043	−0.316%	$111K	$16K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005075	+0.306%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005060	+0.020%	$359K	$57K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005056	−0.049%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005064	+0.109%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005065	+0.119%	$2.1M	$853K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005070	+0.217%	$632K	$658K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDTshort	+0.0100%	4h	0.0005045	−0.277%	$140K	$70K	50x
MEXC NOT_USDT	+0.0100%	4h	0.0005059	0.000%	$1.3M	$427K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005063	+0.079%	$671K	$412K	50x	as long as short
BingX NOT-USDClong	+0.0100%	4h	0.0005059	long leg	—	$725K	—
Extended kNOT-USD	+0.0104%	1h	0.0005060	+0.011%	$4K	$491	5x	as long as short
Kraken Futures PF_NOTUSD	+0.1706%	1h	0.0005062	+0.061%	$49K	$9K	10x	as long as short