Funding arb · Price arb /

SAFE

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Swap Backtest

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: BingX against Gate−0.155%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$346as in the Funding arb table

Net, price: spread back to 7d avg − costs−$357as in the Price arb table

costs, in and out, $10k−$3453.449% of the position

Long on Gate Short on BingX

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)+0.098%+$10 · spread now −0.155%, 7d avg −0.038%

Together, before fees+0.084%+$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: BingX is 0.117% cheaper against Gate than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SAFE_USDT	0.1097	0.0100	pay 0.0050% / 4h	3h 08m	$714K	$58K	50x
Short	BingX SAFE-USDT	0.1095	0.0100	get 0.0050% / 4h	3h 08m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.155%Rate

Funding earned: $0
Price spread: −0.155% → −0.038%: −$11.68
Slippage, 4 orders: −$319.9
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$356.58
Costs to cover: 3.449%
Break-even: never at this rate

Slippage from Gate: live order book, 43 min ago; BingX: live order book, 11 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, 43 min ago	6.83 bp	105.2 bp −$105	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	5.45 bp	31.0 bp −$31	111.3 bp −$1,113	627.7 bp −$62.8K	949.0 bp −$474.5K

SAFE 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
Injective SAFE/USDC PERP	+0.0033%	1h	0.1002	−8.660%	$9	$19K	5.5x	as long as short
BloFin SAFE-USDT	+0.0085%	4h	0.1098	+0.091%	$73K	$5K	50x	as long as short
Binance SAFEUSDT	+0.0100%	4h	0.1097	−0.016%	$1.1M	$1.8M	50x	as long as short
Bybit SAFEUSDT	+0.0100%	4h	0.1093	−0.374%	$1.4M	$485K	25x	as long as short
Gate SAFE_USDTlong	+0.0100%	4h	0.1097	long leg	$714K	$58K	50x
MEXC SAFE_USDT	+0.0100%	4h	0.1096	−0.046%	$413K	$126K	100x	as long as short
Bitget SAFEUSDT	+0.0100%	4h	0.1096	−0.091%	$385K	$236K	50x	as long as short
BingX SAFE-USDTshort	+0.0100%	4h	0.1095	−0.155%	—	$6.5M	—
Variational Omni SAFE	+0.0100%	4h	0.1096	−0.110%	$3K	$3K	—	as long as short