Funding arb · Price arb /

TURBO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Gate−0.215%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$149as in the Price arb table

costs, in and out, $10k−$1241.239% of the position

Long on Gate Short on BingX

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)+0.285%+$29 · spread now −0.215%, 7d avg +0.031%

Together, before fees+0.285%+$29 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: BingX is 0.247% cheaper against Gate than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TURBO_USDT	0.001068	0.0100	pay 0.0050% / 4h	1m 30s	$390K	$278K	25x
Short	BingX TURBO-USDT	0.001066	0.0100	get 0.0050% / 4h	1m 30s	—	$7.7M	—

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 −0.215%Rate

Funding earned: $0
Price spread: −0.215% → +0.031%: −$24.66
Slippage, 4 orders: −$98.86
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$148.51
Costs to cover: 1.239%
Break-even: never at this rate

Slippage from Gate: live order book, 54 min ago; BingX: live order book, 1 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, 54 min ago	7.53 bp	42.9 bp −$43	697.4 bp −$6,974	doesn't fit	doesn't fit
Sell BingX live order book, 1 min ago	4.23 bp	17.7 bp −$18	57.4 bp −$574	382.0 bp −$38.2K	579.4 bp −$289.7K

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	−0.0508%	1h	0.001066	−0.200%	$68K	$28K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	+0.084%	$83	$4	5.5x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001069	+0.084%	$316K	$146K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001066	−0.155%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001068	−0.019%	$2.9M	$5.9M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001068	−0.037%	$393K	$736K	25x	as long as short
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001068	−0.028%	$917K	$2.0M	20x	as long as short
Gate TURBO_USDTlong	+0.0100%	4h	0.001068	long leg	$390K	$278K	25x
MEXC TURBO_USDT	+0.0100%	4h	0.001067	−0.140%	$5.4M	$580K	20x	as long as short
KuCoin TURBOUSDTM	+0.0100%	4h	0.001068	0.000%	$1.9M	$809K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TURBOUSDT	+0.0100%	4h	0.001067	−0.103%	$1.0M	$509K	25x	as long as short
BingX TURBO-USDTshort	+0.0100%	4h	0.001066	−0.215%	—	$7.7M	—
Extended TURBO-USD	+0.0104%	1h	0.001067	−0.095%	$2K	$162K	5x	as long as short
BloFin TURBO-USDT	+0.0107%	4h	0.001061	−0.655%	$155K	$440K	75x	as long as short