Funding arb · Price arb /

POWER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0049%/8h= −5.4% APRpaid last 24h +0.002%

Price spread now: Gate against BloFin+0.224%7-day average +0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs−$446as in the Funding arb table

Net, price: spread back to 7d avg − costs−$474as in the Price arb table

costs, in and out, $10k−$4824.820% of the position

Long on BloFin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.355%+$36 on $10k

Price spread, last 4 days (all we have)−0.115%−$12 · spread now +0.224%, 7d avg +0.139%

Together, before fees+0.240%+$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.085% dearer against BloFin than usual: you sell high and buy low (spread +0.224% now, against its 7-day average of +0.139%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5.7 days. Mind the row above: over the last 7 days funding on this pair paid +0.355%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin POWER-USDT	0.1208	0.0149	pay 0.0075% / 4h	1h 43m	$208K	$128K	20x
Short	Gate POWER_USDT	0.1211	0.0100	get 0.0100% / 8h	1h 43m	$229K	$116K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BloFin. 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 BloFinbpFee GatebpOrdersPrice spread, now +0.224%Rate

Funding earned: −$10.37
Price spread: +0.224% → +0.139%: $8.45
Slippage, 4 orders: −$454.97
Fee BloFin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$483.89
Costs to cover: 4.820%
Break-even: never at this rate

Slippage from BloFin: live order book, 33 min ago; Gate: live order book, 58 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 BloFin live order book, 33 min ago	5.34 bp	27.4 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 58 min ago	5.73 bp	288.4 bp −$288	doesn't fit	doesn't fit	doesn't fit

POWER on 10 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
Binance POWERUSDT	+0.0100%	4h	0.1207	−0.075%	$3.6M	$5.6M	20x	as long as short
Bybit POWERUSDT	+0.0100%	4h	0.1207	−0.050%	$2.0M	$1.6M	20x	as long as short
Gate POWER_USDTshort	+0.0100%	8h	0.1211	+0.224%	$229K	$116K	20x
MEXC POWER_USDT	+0.0100%	4h	0.1207	−0.050%	$14.0M	$430K	20x	as long as short
KuCoin POWERUSDTM	+0.0100%	4h	0.1204	−0.323%	$2.4M	$14.7M	20x	as long as short
Bitget POWERUSDT	+0.0100%	4h	0.1205	−0.224%	$3.3M	$518K	20x	as long as short
BingX POWER-USDT	+0.0100%	4h	0.1206	−0.132%	—	$1.4M	—	as long as short
Variational Omni POWER	+0.0100%	4h	0.1204	−0.274%	$18K	$3K	—	as long as short
Aster POWERUSDT	+0.0120%	4h	0.1205	−0.266%	$23K	$26K	5x	as long as short
BloFin POWER-USDTlong	+0.0149%	4h	0.1208	long leg	$208K	$128K	20x