Funding arb · Price arb /

SATS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Gate0.000%7-day average +0.196% · you sell dearer than you buy

Net, funding: paid 7d − costs−$297as in the Funding arb table

Net, price: spread back to 7d avg − costs−$315as in the Price arb table

costs, in and out, $10k−$2962.956% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.319%+$32 · spread now 0.000%, 7d avg +0.196%

Together, before fees+0.308%+$31 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 0.196% cheaper against Gate than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.196%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate SATS_USDT	0.00000001239	0.0100	pay 0.0050% / 4h	2h 31m	$363K	$243K	25x
Short	Binance 1000SATSUSDT	0.00000001239	0.0100	get 0.0050% / 4h	2h 31m	$2.2M	$5.3M	25x

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 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.196%: −$19.63
Slippage, 4 orders: −$270.62
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$315.25
Costs to cover: 2.956%
Break-even: never at this rate

Slippage from Gate: live order book, 34 min ago; Binance: live order book, 6 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, 34 min ago	8.04 bp	131.4 bp −$131	28256.9 bp −$282.6K	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	4.03 bp	31.6 bp −$32	268.3 bp −$2,683	doesn't fit	doesn't fit

SATS on 8 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
Binance 1000SATSUSDTshort	+0.0100%	4h	0.00000001239	0.000%	$2.2M	$5.3M	25x
Bybit 10000SATSUSDT	+0.0100%	4h	0.00000001241	+0.121%	$286K	$876K	13x	as long as short
Gate SATS_USDTlong	+0.0100%	4h	0.00000001239	long leg	$363K	$243K	25x
KuCoin 10000SATSUSDTM	+0.0100%	4h	0.00000001240	+0.081%	$203K	$89K	10x	as long as short
Bitget 1000SATSUSDT	+0.0100%	4h	0.00000001241	+0.161%	$738K	$233K	25x	as long as short
BingX 10000SATS-USDT	+0.0120%	4h	0.00000001241	+0.161%	—	$90.3M	—	as long as short
MEXC SATS_USDT	+0.0126%	8h	0.00000001240	+0.081%	$378K	$184K	100x	as long as short
OKX SATS-USDT-SWAP	+0.0126%	8h	0.00000001240	+0.113%	$832K	$3.1M	10x	as long as short