Funding arb · Price arb /

RE

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Swap Backtest

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 0.000%

Price spread now: Binance against Gate−0.119%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$596as in the Funding arb table

Net, price: spread back to 7d avg − costs−$610as in the Price arb table

costs, in and out, $10k−$6026.022% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.062%+$6 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.119%, 7d avg −0.044%

Together, before fees+0.083%+$8 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 0.075% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate RE_USDT	0.4710	0.0100	pay 0.0050% / 4h	58m 51s	$426K	$912K	20x
Short	Binance REUSDT	0.4704	0.0100	get 0.0050% / 4h	58m 51s	$8.4M	$8.2M	50x

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 −0.119%Rate

Funding earned: $0
Price spread: −0.119% → −0.044%: −$7.52
Slippage, 4 orders: −$577.21
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$609.72
Costs to cover: 6.022%
Break-even: never at this rate

Slippage from Gate: live order book, 18 min ago; Binance: live order book, 10 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	5.38 bp	374.4 bp −$374	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	1.07 bp	16.2 bp −$16	64.9 bp −$649	doesn't fit	doesn't fit

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/USD	L −0.0025% / S +0.0026%	1h	0.4703	−0.151%	—	—	150x	as long as short
Aster REUSDT	+0.0100%	4h	0.4707	−0.073%	$33K	$26K	20x	as long as short
Binance REUSDTshort	+0.0100%	4h	0.4704	−0.119%	$8.4M	$8.2M	50x
Bybit REUSDT	+0.0100%	4h	0.4707	−0.066%	$1.4M	$1.3M	20x	as long as short
OKX RE-USDT-SWAP	+0.0100%	4h	0.4702	−0.163%	$1.8M	$3.5M	20x	as long as short
Gate RE_USDTlong	+0.0100%	4h	0.4710	long leg	$426K	$912K	20x
MEXC RE_USDT	+0.0100%	4h	0.4707	−0.066%	$1.3M	$430K	50x	as long as short
KuCoin REUSDTM	+0.0100%	4h	0.4706	−0.079%	$1.4M	$925K	20x	as long as short
Bitget REUSDT	+0.0100%	4h	0.4707	−0.074%	$1.8M	$552K	20x	as long as short
BingX RE-USDT	+0.0100%	4h	0.4705	−0.108%	—	$1.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX REUSDC	+0.0100%	4h	0.4674	−0.772%	$8K	$219K	10x	as long as short
Orderly PERP_RE_USDC_mythos	+0.0100%	4h	0.4704	−0.130%	$4K	—	10x	as long as short
Extended RE-USD	+0.0104%	1h	0.4703	−0.148%	$796	—	5x	as long as short
BloFin RE-USDT	+0.0147%	4h	0.4701	−0.193%	$363K	$20K	50x	as long as short