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 BingX−0.081%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$455as in the Funding arb table

Net, price: spread back to 7d avg − costs−$470as in the Price arb table

costs, in and out, $10k−$4664.665% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.118%+$12 on $10k

Price spread, last 4 days (all we have)+0.080%+$8 · spread now −0.081%, 7d avg −0.046%

Together, before fees+0.198%+$20 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 0.035% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STABLE-USDT	0.02470	0.0100	pay 0.0050% / 4h	1h 57m	—	$6.5M	—
Short	Gate STABLE_USDT	0.02468	0.0100	get 0.0050% / 4h	1h 57m	$171K	$86K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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 BingXbpFee GatebpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → −0.046%: −$3.51
Slippage, 4 orders: −$441.48
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$469.99
Costs to cover: 4.665%
Break-even: never at this rate

Slippage from BingX: live order book, 9 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 9 min ago	2.03 bp	20.3 bp −$20	74.1 bp −$741	632.3 bp −$63.2K	1063.3 bp −$531.6K
Sell Gate live order book, 18 min ago	8.10 bp	204.8 bp −$205	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
Aster STABLEUSDT	−0.0338%	4h	0.02470	−0.011%	$19K	$7K	20x	as long as short
Lighter STABLE	+0.0096%	1h	0.02483	+0.538%	$114K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02469	−0.040%	$871K	$234K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02468	−0.066%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02471	+0.045%	$1.5M	$799K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02468	−0.081%	$204K	$414K	20x	as long as short
Gate STABLE_USDTshort	+0.0100%	4h	0.02468	−0.081%	$171K	$86K	50x
MEXC STABLE_USDT	+0.0100%	4h	0.02468	−0.081%	$658K	$154K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02476	+0.243%	$174K	$27K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02469	−0.040%	$291K	$116K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDTlong	+0.0100%	4h	0.02470	long leg	—	$6.5M	—
Variational Omni STABLE	+0.0100%	4h	0.02471	+0.037%	$145K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02472	+0.077%	$2K	$650K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02468	−0.081%	$12K	$175K	10x	as long as short
BloFin STABLE-USDT	+0.0158%	4h	0.02469	−0.040%	$114K	$7K	75x	as long as short