Settings8H · net · $10k
Funding arb · Price arb /

SAFE

all SAFE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against BingX+0.248%7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$363as in the Funding arb table
Net, price: spread back to 7d avg − costs−$344as in the Price arb table
costs, in and out, $10k−$3653.647% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.014%+$1 on $10k
Price spread, last 4 days (all we have)−0.210%−$21 · spread now +0.248%, 7d avg +0.039%
Together, before fees−0.196%−$20 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: Gate is 0.209% dearer against BingX than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.039%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX SAFE-USDT0.10890.0100pay 0.0050% / 4h2h 32m$6.5M
ShortGate SAFE_USDT0.10920.0100get 0.0050% / 4h2h 32m$711K$53K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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

Funding earned
$0
Price spread: +0.248% → +0.039%
$20.91
Slippage, 4 orders
−$339.66
Fee BingX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$343.75
Costs to cover
3.647%
Break-even
never at this rate
Slippage from BingX: live order book, 3 min ago; Gate: live order book, 14 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 3 min ago4.12 bp34.4 bp −$34118.1 bp −$1,181593.8 bp −$59.4K974.0 bp −$487.0K
Sell Gate live order book, 14 min ago9.59 bp164.4 bp −$164doesn't fitdoesn't fitdoesn't fit

SAFE on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective SAFE/USDC PERP+0.0033%1h0.1002−8.014%$9$19K5.5xas long as short
Binance SAFEUSDT+0.0100%4h0.1090+0.109%$1.1M$1.8M50xas long as short
Bybit SAFEUSDT+0.0100%4h0.1087−0.165%$1.4M$455K25xas long as short
Gate SAFE_USDTshort+0.0100%4h0.1092+0.248%$711K$53K50x
MEXC SAFE_USDT+0.0100%4h0.1091+0.147%$411K$113K100xas long as short
Bitget SAFEUSDT+0.0100%4h0.1090+0.064%$384K$229K50xas long as short
BingX SAFE-USDTlong+0.0100%4h0.1089long leg$6.5M
Variational Omni SAFE+0.0100%4h0.1090+0.108%$3K$3Kas long as short
BloFin SAFE-USDT+0.0146%4h0.1094+0.450%$73K$8K50xas long as short