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

SATS

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SwapBacktest
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: Gate against Binance−0.245%7-day average −0.205% · you buy dearer than you sell
Net, funding: paid 7d − costs−$417as in the Funding arb table
Net, price: spread back to 7d avg − costs−$423as in the Price arb table
costs, in and out, $10k−$4194.185% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.018%+$2 on $10k
Price spread, last 4 days (all we have)−0.240%−$24 · spread now −0.245%, 7d avg −0.205%
Together, before fees−0.222%−$22 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 0.041% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.205%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance 1000SATSUSDT0.000000012240.0100pay 0.0050% / 4h1h 39m$2.1M$5.0M25x
ShortGate SATS_USDT0.000000012210.0100get 0.0050% / 4h1h 39m$345K$232K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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: −0.245% → −0.205%
−$4.05
Slippage, 4 orders
−$393.51
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$422.56
Costs to cover
4.185%
Break-even
never at this rate
Slippage from Binance: live order book, 13 min ago; Gate: live order book, 41 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 Binance live order book, 13 min ago4.12 bp32.3 bp −$32339.4 bp −$3,394doesn't fitdoesn't fit
Sell Gate live order book, 41 min ago8.26 bp161.8 bp −$162doesn't fitdoesn't fitdoesn't fit

SATS on 8 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
Bitget 1000SATSUSDT+0.0070%4h0.00000001225+0.082%$727K$211K25xas long as short
Binance 1000SATSUSDTlong+0.0100%4h0.00000001224long leg$2.1M$5.0M25x
Bybit 10000SATSUSDT+0.0100%4h0.00000001225+0.074%$283K$859K13xas long as short
Gate SATS_USDTshort+0.0100%4h0.00000001221−0.245%$345K$232K25x
KuCoin 10000SATSUSDTM+0.0100%4h0.000000012240.000%$220K$80K10xas long as short
MEXC SATS_USDT+0.0137%8h0.00000001226+0.163%$356K$176K100xas long as short
OKX SATS-USDT-SWAP+0.0138%8h0.00000001226+0.172%$822K$3.0M10xas long as short
BingX 10000SATS-USDT+0.0142%4h0.00000001225+0.082%$91.0Mas long as short