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: Gate against OKX+0.177%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1331.333% of the position

Long on OKX Short on Gate

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)−0.151%−$15 · spread now +0.177%, 7d avg +0.036%

Together, before fees−0.165%−$16 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 0.142% dearer against OKX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NOT-USDT-SWAP	0.0005071	0.0100	pay 0.0050% / 4h	33m 05s	$625K	$605K	20x
Short	Gate NOT_USDT	0.0005080	0.0100	get 0.0050% / 4h	33m 05s	$141K	$78K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now +0.177%Rate

Funding earned: $0
Price spread: +0.177% → +0.036%: $14.18
Slippage, 4 orders: −$108.28
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$119.1
Costs to cover: 1.333%
Break-even: never at this rate

Slippage from OKX: live order book, 43 min ago; Gate: live order book, 37 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 OKX live order book, 43 min ago	1.99 bp	32.2 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 37 min ago	10.93 bp	41.4 bp −$41	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	−0.0102%	4h	0.0005065	−0.120%	$71K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.885%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0084%	4h	0.0005068	−0.059%	$111K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005081	+0.205%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005070	−0.020%	$371K	$50K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005071	+0.002%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005070	−0.022%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005065	−0.118%	$2.1M	$824K	25x	as long as short
OKX NOT-USDT-SWAPlong	+0.0100%	4h	0.0005071	long leg	$625K	$605K	20x
Gate NOT_USDTshort	+0.0100%	4h	0.0005080	+0.177%	$141K	$78K	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	0.0005071	0.000%	$1.4M	$460K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005065	−0.118%	$463K	$137K	50x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005074	+0.059%	$666K	$382K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005068	−0.059%	—	$720K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005069	−0.039%	$4K	$1K	5x	as long as short
Kraken Futures PF_NOTUSD	+0.4206%	1h	0.0005072	+0.018%	$49K	$10K	10x	as long as short