Funding arb · Price arb /

TURBO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against BingX−0.056%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1431.427% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.056%, 7d avg −0.030%

Together, before fees+0.023%+$2 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 0.026% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TURBO-USDT	0.001073	0.0100	pay 0.0050% / 4h	3h 12m	—	$7.7M	—
Short	Gate TURBO_USDT	0.001073	0.0100	get 0.0050% / 4h	3h 12m	$390K	$293K	25x

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 −0.056%Rate

Funding earned: $0
Price spread: −0.056% → −0.030%: −$2.57
Slippage, 4 orders: −$117.66
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$145.23
Costs to cover: 1.427%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Gate: live order book, 38 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, 10 min ago	7.93 bp	24.3 bp −$24	71.2 bp −$712	472.9 bp −$47.3K	629.9 bp −$315.0K
Sell Gate live order book, 38 min ago	6.02 bp	54.5 bp −$55	943.2 bp −$9,432	doesn't fit	doesn't fit

TURBO on 14 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
Kraken Futures PF_TURBOUSD	−0.0192%	1h	0.001073	−0.029%	$68K	$28K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	−0.382%	$83	$4	5.5x	as long as short
BloFin TURBO-USDT	+0.0069%	4h	0.001073	+0.019%	$159K	$457K	75x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001073	−0.009%	$318K	$161K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001071	−0.217%	$10K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001070	−0.246%	$3.0M	$6.0M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001072	−0.121%	$390K	$731K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001072	−0.140%	$908K	$2.1M	20x	as long as short
Gate TURBO_USDTshort	+0.0100%	4h	0.001073	−0.056%	$390K	$293K	25x
MEXC TURBO_USDT	+0.0100%	4h	0.001073	−0.047%	$5.5M	$602K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TURBOUSDTM	+0.0100%	4h	0.001073	0.000%	$1.9M	$815K	20x	as long as short
Bitget TURBOUSDT	+0.0100%	4h	0.001074	+0.084%	$1.1M	$535K	25x	as long as short
BingX TURBO-USDTlong	+0.0100%	4h	0.001073	long leg	—	$7.7M	—
Extended TURBO-USD	+0.0104%	1h	0.001072	−0.099%	$460	$229K	5x	as long as short