Funding arb · Price arb /

PROMPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.132%

Price spread now: Binance against Gate+0.038%7-day average −0.078% · you sell dearer than you buy

Net, funding: paid 7d − costs−$342as in the Funding arb table

Net, price: spread back to 7d avg − costs−$302as in the Price arb table

costs, in and out, $10k−$3143.136% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.285%−$28 on $10k

Price spread, last 4 days (all we have)+0.225%+$23 · spread now +0.038%, 7d avg −0.078%

Together, before fees−0.059%−$6 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 0.116% dearer against Gate than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.078%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PROMPT_USDT	0.02199	0.0100	pay 0.0050% / 4h	1h 43m	$540K	$56K	20x
Short	Binance PROMPTUSDT	0.02200	0.0100	get 0.0050% / 4h	1h 43m	$1.2M	$1.3M	40x

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 +0.038%Rate

Funding earned: $0
Price spread: +0.038% → −0.078%: $11.57
Slippage, 4 orders: −$288.62
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$302.05
Costs to cover: 3.136%
Break-even: never at this rate

Slippage from Gate: live order book, 18 min ago; Binance: live order book, 5 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, 18 min ago	20.41 bp	58.2 bp −$58	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	2.27 bp	45.0 bp −$45	150.9 bp −$1,509	doesn't fit	doesn't fit

PROMPT 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
Aster PROMPTUSDT	+0.0100%	4h	0.02196	−0.150%	$3K	$150	5x	as long as short
Binance PROMPTUSDTshort	+0.0100%	4h	0.02200	+0.038%	$1.2M	$1.3M	40x
Bybit PROMPTUSDT	+0.0100%	4h	0.02198	−0.045%	$331K	$157K	5x	as long as short
Gate PROMPT_USDTlong	+0.0100%	4h	0.02199	long leg	$540K	$56K	20x
MEXC PROMPT_USDT	+0.0100%	4h	0.02198	−0.045%	$113K	$96K	20x	as long as short
KuCoin PROMPTUSDTM	+0.0100%	4h	0.02196	−0.136%	$80K	$71K	30x	as long as short
BingX PROMPT-USDT	+0.0100%	4h	0.02197	−0.091%	—	$6.5M	—	as long as short
Variational Omni PROMPT	+0.0100%	4h	0.02201	+0.073%	$3K	$4K	—	as long as short
Kraken Futures PF_PROMPTUSD	+3.9672%	1h	0.02215	+0.712%	$2K	$2K	10x	as long as short