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: Binance against Gate+0.020%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$486as in the Funding arb table

Net, price: spread back to 7d avg − costs−$460as in the Price arb table

costs, in and out, $10k−$4644.636% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.080%−$8 · spread now +0.020%, 7d avg −0.014%

Together, before fees−0.309%−$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 0.035% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate STABLE_USDT	0.02467	0.0100	pay 0.0050% / 4h	1h 24m	$172K	$87K	50x
Short	Binance STABLEUSDT	0.02467	0.0100	get 0.0050% / 4h	1h 24m	$2.4M	$2.7M	75x

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 +0.020%Rate

Funding earned: $0
Price spread: +0.020% → −0.014%: $3.47
Slippage, 4 orders: −$438.55
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$460.09
Costs to cover: 4.636%
Break-even: never at this rate

Slippage from Gate: live order book, 52 min ago; Binance: live order book, 11 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, 52 min ago	8.10 bp	211.2 bp −$211	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	2.03 bp	22.4 bp −$22	81.7 bp −$817	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	−0.0175%	4h	0.02468	+0.041%	$19K	$7K	20x	as long as short
Lighter STABLE	+0.0096%	1h	0.02481	+0.555%	$114K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02468	+0.053%	$870K	$225K	3x	as long as short
Binance STABLEUSDTshort	+0.0100%	4h	0.02467	+0.020%	$2.4M	$2.7M	75x
Bybit STABLEUSDT	+0.0100%	4h	0.02470	+0.130%	$1.5M	$763K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02468	+0.041%	$203K	$406K	20x	as long as short
Gate STABLE_USDTlong	+0.0100%	4h	0.02467	long leg	$172K	$87K	50x
MEXC STABLE_USDT	+0.0100%	4h	0.02467	0.000%	$658K	$156K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02474	+0.284%	$177K	$27K	30x	as long as short
Bitget STABLEUSDT	+0.0100%	4h	0.02469	+0.081%	$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-USDT	+0.0100%	4h	0.02468	+0.041%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02471	+0.150%	$145K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02468	+0.032%	$2K	$657K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02467	−0.019%	$12K	$175K	10x	as long as short
BloFin STABLE-USDT	+0.0124%	4h	0.02466	−0.041%	$113K	$7K	75x	as long as short