Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Binance against Gate+0.062%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1151.150% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.062%, 7d avg −0.008%

Together, before fees−0.104%−$10 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 0.070% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NOT_USDT	0.0005038	0.0100	pay 0.0050% / 4h	1h 15m	$140K	$79K	50x
Short	Binance NOTUSDT	0.0005041	0.0100	get 0.0050% / 4h	1h 15m	$2.1M	$3.1M	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 +0.062%Rate

Funding earned: $0
Price spread: +0.062% → −0.008%: $6.99
Slippage, 4 orders: −$89.99
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$108
Costs to cover: 1.150%
Break-even: never at this rate

Slippage from Gate: live order book, 60 min ago; Binance: live order book, 6 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, 60 min ago	7.92 bp	33.3 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.99 bp	20.2 bp −$20	87.1 bp −$871	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	−0.0151%	4h	0.0005030	−0.161%	$71K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.255%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005053	+0.302%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005040	+0.040%	$369K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005037	−0.016%	$14K	$9K	5x	as long as short
Binance NOTUSDTshort	+0.0100%	4h	0.0005041	+0.062%	$2.1M	$3.1M	50x
Bybit NOTUSDT	+0.0100%	4h	0.0005036	−0.040%	$2.1M	$815K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005040	+0.040%	$612K	$585K	20x	as long as short
Gate NOT_USDTlong	+0.0100%	4h	0.0005038	long leg	$140K	$79K	50x
MEXC NOT_USDT	+0.0100%	4h	0.0005040	+0.040%	$1.3M	$466K	200x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTM	+0.0100%	4h	0.0005028	−0.198%	$466K	$133K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005042	+0.079%	$662K	$387K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005036	−0.040%	—	$7.5M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005039	+0.019%	$4K	$1K	5x	as long as short
BloFin NOT-USDT	+0.0106%	4h	0.0005037	−0.020%	$110K	$17K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.6208%	1h	0.0005035	−0.065%	$49K	$10K	10x	as long as short