Funding arb · Price arb /

OPEN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Gate+0.113%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$312as in the Funding arb table

Net, price: spread back to 7d avg − costs−$304as in the Price arb table

costs, in and out, $10k−$3103.101% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.981%+$98 · spread now +0.113%, 7d avg +0.055%

Together, before fees+0.960%+$96 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 0.058% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate OPEN_USDT	0.1441	0.0100	pay 0.0100% / 8h	4h 56m	$826K	$196K	75x
Short	Binance OPENUSDT	0.1443	0.0100	get 0.0050% / 4h	56m 57s	$7.1M	$2.5M	75x

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 +0.113%Rate

Funding earned: $0
Price spread: +0.113% → +0.055%: $5.77
Slippage, 4 orders: −$285.14
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$304.37
Costs to cover: 3.101%
Break-even: never at this rate

Slippage from Gate: live order book, 65 min ago; Binance: live order book, 12 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, 65 min ago	6.93 bp	129.1 bp −$129	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	3.46 bp	35.3 bp −$35	172.9 bp −$1,729	doesn't fit	doesn't fit

OPEN on 9 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
BloFin OPEN-USDT	+0.0040%	4h	0.1437	−0.278%	$675K	$12K	75x	as long as short
Aster OPENUSDT	+0.0100%	4h	0.1442	+0.043%	$252K	$4K	5x	as long as short
Binance OPENUSDTshort	+0.0100%	4h	0.1443	+0.113%	$7.1M	$2.5M	75x
Gate OPEN_USDTlong	+0.0100%	8h	0.1441	long leg	$826K	$196K	75x
KuCoin OPENUSDTM	+0.0100%	4h	0.1444	+0.236%	$2.4M	$46K	30x	as long as short
Bitget OPENUSDT	+0.0100%	4h	0.1442	+0.069%	$2.2M	$181K	20x	as long as short
Extended OPEN-USD	+0.0104%	1h	0.1442	+0.045%	$2K	$109K	5x	as long as short
Bybit OPENUSDT	+0.0918%	4h	0.1443	+0.146%	$1.5M	$690K	25x	as long as short
Kraken Futures PF_OPENUSD	+0.0975%	1h	0.1443	+0.130%	$14K	$55K	10x	as long as short