Funding arb · Price arb /

STABLE

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Swap Backtest

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−0.057%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$383as in the Funding arb table

Net, price: spread back to 7d avg − costs−$413as in the Price arb table

costs, in and out, $10k−$4064.058% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.229%+$23 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.057%, 7d avg +0.015%

Together, before fees+0.334%+$33 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 0.072% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance STABLEUSDT	0.02492	0.0100	pay 0.0050% / 4h	37m 13s	$2.4M	$2.7M	75x
Short	Gate STABLE_USDT	0.02491	0.0100	get 0.0050% / 4h	37m 13s	$172K	$88K	50x

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

Position, each leg$Hold fordaysFee BinancebpFee GatebpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → +0.015%: −$7.19
Slippage, 4 orders: −$380.78
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$412.97
Costs to cover: 4.058%
Break-even: never at this rate

Slippage from Binance: live order book, 13 min ago; Gate: live order book, 34 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 Binance live order book, 13 min ago	2.02 bp	26.2 bp −$26	99.7 bp −$997	doesn't fit	doesn't fit
Sell Gate live order book, 34 min ago	4.06 bp	177.9 bp −$178	doesn't fit	doesn't fit	doesn't fit

STABLE on 15 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
BloFin STABLE-USDT	+0.0049%	4h	0.02495	+0.103%	$113K	$7K	75x	as long as short
Aster STABLEUSDT	+0.0068%	4h	0.02491	−0.071%	$19K	$6K	20x	as long as short
Lighter STABLE	+0.0096%	1h	0.02505	+0.521%	$115K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02492	−0.017%	$879K	$226K	3x	as long as short
Binance STABLEUSDTlong	+0.0100%	4h	0.02492	long leg	$2.4M	$2.7M	75x
Bybit STABLEUSDT	+0.0100%	4h	0.02497	+0.184%	$1.5M	$755K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02495	+0.103%	$205K	$409K	20x	as long as short
Gate STABLE_USDTshort	+0.0100%	4h	0.02491	−0.057%	$172K	$88K	50x
MEXC STABLE_USDT	+0.0100%	4h	0.02491	−0.057%	$665K	$155K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02499	+0.264%	$180K	$28K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02491	−0.057%	$294K	$115K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02491	−0.057%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02490	−0.110%	$146K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02490	−0.101%	$2K	$668K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02490	−0.115%	$12K	$175K	10x	as long as short