Funding arb · Price arb /

TURBO

all TURBO markets

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: OKX against Gate−0.103%7-day average +0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$177as in the Price arb table

costs, in and out, $10k−$1611.609% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.157%+$16 · spread now −0.103%, 7d avg +0.053%

Together, before fees+0.137%+$14 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: OKX is 0.156% cheaper against Gate than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TURBO_USDT	0.001065	0.0100	pay 0.0050% / 4h	1h 34m	$385K	$342K	25x
Short	OKX TURBO-USDT-SWAP	0.001064	0.0100	get 0.0050% / 4h	1h 34m	$891K	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.103%Rate

Funding earned: $0
Price spread: −0.103% → +0.053%: −$15.62
Slippage, 4 orders: −$135.9
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$176.51
Costs to cover: 1.609%
Break-even: never at this rate

Slippage from Gate: live order book, 6 min ago; OKX: 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, 6 min ago	9.35 bp	40.0 bp −$40	477.9 bp −$4,779	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	4.22 bp	36.7 bp −$37	doesn't fit	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	−0.0344%	1h	0.001065	+0.005%	$70K	$31K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	+0.338%	$83	$4	5.5x	as long as short
BloFin TURBO-USDT	+0.0083%	4h	0.001064	−0.103%	$155K	$478K	75x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001066	+0.056%	$317K	$167K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001065	−0.049%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001065	−0.056%	$2.9M	$6.5M	50x	as long as short
Bybit 1000TURBOUSDT	+0.0100%	4h	0.001065	−0.047%	$389K	$781K	25x	as long as short
OKX TURBO-USDT-SWAPshort	+0.0100%	4h	0.001064	−0.103%	$891K	$2.3M	20x
Gate TURBO_USDTlong	+0.0100%	4h	0.001065	long leg	$385K	$342K	25x
MEXC TURBO_USDT	+0.0100%	4h	0.001065	−0.047%	$5.5M	$613K	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	0.001065	−0.038%	$1.8M	$885K	20x	as long as short
Bitget TURBOUSDT	+0.0100%	4h	0.001065	−0.038%	$1.0M	$590K	25x	as long as short
BingX TURBO-USDT	+0.0100%	4h	0.001065	0.000%	—	$9.4M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001065	−0.047%	$2K	$172K	5x	as long as short