Settings8H · net · $10k
Funding arb · Price arb /

ON

all ON markets
SwapBacktest
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 +0.252%
Price spread now: BingX against Gate+0.125%7-day average +0.254% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.484%+$48 on $10k
Price spread, last 4 days (all we have)+0.107%+$11 · spread now +0.125%, 7d avg +0.254%
Together, before fees+0.592%+$59 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: BingX is 0.129% cheaper against Gate than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.254%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ON_USDT0.13620.0100pay 0.0050% / 4h1h 52m$304K$34K5x
ShortBingX ON-USDT0.13640.0100get 0.0050% / 4h1h 52m$6.6M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$0
Price spread: +0.125% → +0.254%
−$12.87
Slippage, 4 orders
no order book: not counted
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BingX: 5 bp × 2 orders
−$10
Net
−$37.87
Costs to cover
0.250%
Break-even
never at this rate
Slippage unknown: Gate: live order book, 28 min ago; BingX: live order book, 15 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 28 min ago50.10 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 15 min ago7.38 bp20.0 bp −$2037.3 bp −$373268.9 bp −$26.9Kdoesn't fit

ON on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX ONUSDC+0.0086%4h0.1367+0.328%$8K$134K10xas long as short
Binance ONUSDT+0.0100%4h0.1364+0.142%$5.9M$3.8M50xas long as short
Gate ON_USDTlong+0.0100%4h0.1362long leg$304K$34K5x
MEXC ON_USDT+0.0100%4h0.1364+0.125%$1.1M$411K50xas long as short
KuCoin ONUSDTM+0.0100%4h0.1361−0.066%$747K$72K50xas long as short
BingX ON-USDTshort+0.0100%4h0.1364+0.125%$6.6M
Variational Omni ON+0.0100%4h0.1367+0.373%$25K$7Kas long as short
Aster ONUSDT+0.0263%4h0.1362−0.033%$443K$32K5xas long as short