Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0125%/8h= +13.7% APRpaid last 24h +0.038%

Price spread now: BingX against gTrade (Gains Network)−0.039%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BingX is 0.039% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 25 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) RE/USD	0.4713	L −0.0025% / S +0.0026%	get 0.0003% / 1h	17m 25s	—	—	150x
Short	BingX RE-USDT	0.4711	0.0100	get 0.0050% / 4h	2h 17m	—	$1.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now −0.039%Rate

Funding earned: $26.31
Price spread: −0.039% → 0.000%: −$3.95
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: $0.37
Costs to cover: 0.220%
Break-even: 6.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, just now. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, just now	5.30 bp	19.0 bp −$19	51.6 bp −$516	468.9 bp −$46.9K	1105.3 bp −$552.7K

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

RE on 14 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
gTrade (Gains Network) RE/USDlong	L −0.0025% / S +0.0026%	1h	0.4713	long leg	—	—	150x
BloFin RE-USDT	+0.0051%	4h	0.4701	−0.252%	$370K	$71K	50x	as long as short
Aster REUSDT	+0.0100%	4h	0.4719	+0.134%	$36K	$28K	20x	as long as short
Binance REUSDT	+0.0100%	4h	0.4716	+0.065%	$8.4M	$9.1M	50x	as long as short
Bybit REUSDT	+0.0100%	4h	0.4716	+0.067%	$1.5M	$1.3M	20x	as long as short
OKX RE-USDT-SWAP	+0.0100%	4h	0.4713	−0.006%	$1.9M	$3.9M	20x	as long as short
Gate RE_USDT	+0.0100%	4h	0.4716	+0.075%	$426K	$983K	20x	as long as short
MEXC RE_USDT	+0.0100%	4h	0.4716	+0.067%	$1.2M	$452K	50x	as long as short
KuCoin REUSDTM	+0.0100%	4h	0.4718	+0.105%	$1.4M	$1.0M	20x	as long as short
Bitget REUSDT	+0.0100%	4h	0.4716	+0.062%	$1.8M	$691K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX RE-USDTshort	+0.0100%	4h	0.4711	−0.039%	—	$1.7M	—
edgeX REUSDC	+0.0100%	4h	0.4677	−0.767%	$8K	$221K	10x	as long as short
Orderly PERP_RE_USDC_mythos	+0.0100%	4h	0.4714	+0.024%	$4K	—	10x	as long as short
Extended RE-USD	+0.0104%	1h	0.4715	+0.036%	$800	—	5x	as long as short