Funding arb · Price arb /

TOSHI

all TOSHI markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0222%/8h= +24.3% APRpaid last 24h +0.084%

Price spread now: BingX against Gate+0.309%7-day average +0.214% · you sell dearer than you buy

Net, funding: paid 7d − costs−$723as in the Funding arb table

Net, price: spread back to 7d avg − costs−$757as in the Price arb table

costs, in and out, $10k−$7677.667% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.438%+$44 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now +0.309%, 7d avg +0.214%

Together, before fees+0.412%+$41 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BingX is 0.095% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.214%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TOSHI_USDT	0.0001296	0.0100	pay 0.0100% / 8h	2h 43m	$158K	$42K	50x
Short	BingX TOSHI-USDT	0.0001300	0.0322	get 0.0161% / 4h	2h 43m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.309%Rate

Funding earned: $46.62
Price spread: +0.309% → +0.214%: $9.48
Slippage, 4 orders: −$741.74
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$710.65
Costs to cover: 7.667%
Break-even: 113.7 days

Slippage from Gate: live order book, 62 min ago; BingX: live order book, 2 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, 62 min ago	11.41 bp	274.5 bp −$275	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	11.51 bp	44.3 bp −$44	122.6 bp −$1,226	668.1 bp −$66.8K	1118.3 bp −$559.1K

TOSHI on 9 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 TOSHI-USDT	+0.0040%	4h	0.0001306	+0.772%	$76K	$12K	50x	as long as short
Aster TOSHIUSDT	+0.0100%	4h	0.0001296	+0.023%	$47K	$25K	5x	as long as short
Binance TOSHIUSDT	+0.0100%	4h	0.0001294	−0.139%	$1.2M	$2.1M	50x	as long as short
Bybit 1000TOSHIUSDT	+0.0100%	4h	0.0001297	+0.069%	$691K	$670K	25x	as long as short
Gate TOSHI_USDTlong	+0.0100%	8h	0.0001296	long leg	$158K	$42K	50x
MEXC TOSHI_USDT	+0.0100%	4h	0.0001295	−0.077%	$602K	$186K	50x	as long as short
KuCoin TOSHIUSDTM	+0.0100%	4h	0.0001295	−0.108%	$145K	$22K	30x	as long as short
Bitget TOSHIUSDT	+0.0306%	4h	0.0001293	−0.231%	$577K	$499K	20x	as long as short
BingX TOSHI-USDTshort	+0.0322%	4h	0.0001300	+0.309%	—	$6.5M	—