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: OKX against Gate+0.099%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1311.306% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)−0.184%−$18 · spread now +0.099%, 7d avg −0.039%

Together, before fees−0.170%−$17 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 0.138% dearer against Gate than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NOT_USDT	0.0005032	0.0100	pay 0.0050% / 4h	2h 53m	$140K	$76K	50x
Short	OKX NOT-USDT-SWAP	0.0005037	0.0100	get 0.0050% / 4h	2h 53m	$610K	$583K	20x

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 +0.099%Rate

Funding earned: $0
Price spread: +0.099% → −0.039%: $13.81
Slippage, 4 orders: −$105.59
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$116.78
Costs to cover: 1.306%
Break-even: never at this rate

Slippage from Gate: live order book, 29 min ago; OKX: live order book, 32 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, 29 min ago	6.94 bp	33.9 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 32 min ago	2.97 bp	30.0 bp −$30	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	+0.0006%	4h	0.0005040	+0.168%	$66K	$34K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.140%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0075%	4h	0.0005044	+0.238%	$113K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005047	+0.302%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005040	+0.159%	$368K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005042	+0.191%	$14K	$13K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005042	+0.191%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005034	+0.040%	$2.1M	$818K	25x	as long as short
OKX NOT-USDT-SWAPshort	+0.0100%	4h	0.0005037	+0.099%	$610K	$583K	20x
Gate NOT_USDTlong	+0.0100%	4h	0.0005032	long leg	$140K	$76K	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005041	+0.179%	$1.4M	$479K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005035	+0.060%	$488K	$116K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005041	+0.179%	$663K	$383K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005038	+0.119%	—	$7.3M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005040	+0.167%	$4K	$1K	5x	as long as short
Kraken Futures PF_NOTUSD	+0.7079%	1h	0.0005075	+0.858%	$49K	$9K	10x	as long as short