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

SATS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.018%
Price spread now: Gate against OKX−0.033%7-day average −0.113% · you buy dearer than you sell
Net, funding: paid 7d − costs−$342as in the Funding arb table
Net, price: spread back to 7d avg − costs−$333as in the Price arb table
costs, in and out, $10k−$3413.407% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.012%−$1 on $10k
Price spread, last 4 days (all we have)−0.692%−$69 · spread now −0.033%, 7d avg −0.113%
Together, before fees−0.705%−$70 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 0.080% dearer against OKX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.113%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX SATS-USDT-SWAP0.000000012300.0100pay 0.0100% / 8h5h 42m$823K$3.0M10x
ShortGate SATS_USDT0.000000012300.0100get 0.0050% / 4h1h 42m$361K$244K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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: −0.033% → −0.113%
$8
Slippage, 4 orders
−$315.74
Fee OKX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$332.73
Costs to cover
3.407%
Break-even
never at this rate
Slippage from OKX: live order book, 5 min ago; Gate: live order book, 18 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 OKX live order book, 5 min ago7.76 bp43.2 bp −$43doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 18 min ago8.15 bp137.2 bp −$137doesn'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
Binance 1000SATSUSDT+0.0100%4h0.00000001232+0.130%$2.2M$5.3M25xas long as short
Bybit 10000SATSUSDT+0.0100%4h0.00000001233+0.211%$285K$876K13xas long as short
OKX SATS-USDT-SWAPlong+0.0100%8h0.00000001230long leg$823K$3.0M10x
Gate SATS_USDTshort+0.0100%4h0.00000001230−0.033%$361K$244K25x
MEXC SATS_USDT+0.0100%8h0.00000001232+0.130%$376K$183K100xas long as short
KuCoin 10000SATSUSDTM+0.0100%4h0.00000001231+0.049%$202K$87K10xas long as short
Bitget 1000SATSUSDT+0.0100%4h0.00000001232+0.130%$721K$238K25xas long as short
BingX 10000SATS-USDT+0.0100%4h0.00000001234+0.293%$90.3Mas long as short