Settings8H · net · $10k
Funding arb · Price arb /

XNY

all XNY markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0293%/8h= +32.1% APRnext payment +$1.47 per $10,000 · paid last 24h −0.121%
Price spread now: Gate against Binance+0.267%7-day average +0.184% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.578%−$58 on $10k
Price spread, last 4 days (all we have)−0.168%−$17 · spread now +0.267%, 7d avg +0.184%
Together, before fees−0.746%−$75 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Gate is 0.083% dearer against Binance than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.184%. Mind the row above: over the last 7 days funding on this pair cost −0.578%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance XNYUSDT0.0061570.0223pay 0.0111% / 4h8m 31s$3.6M$874K10x
ShortGate XNY_USDT0.0061730.0516get 0.0258% / 4h8m 31s$204K$13K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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

Funding earned
$61.55
Price spread: +0.267% → +0.184%
$8.31
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
$44.85
Costs to cover
0.250%
Break-even
1.9 days
Slippage unknown: Binance: live order book, 13 min ago; Gate: live order book, 63 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 13 min ago3.25 bp40.8 bp −$41525.6 bp −$5,256doesn't fitdoesn't fit
Sell Gate live order book, 63 min ago5.67 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

XNY on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster XNYUSDT+0.0100%4h0.006148−0.142%$5K$3K5xas long as short
KuCoin XNYUSDTM+0.0100%4h0.006141−0.253%$280K$12K10xas long as short
Variational Omni XNY+0.0100%4h0.006151−0.088%$51K$1Kas long as short
Bybit XNYUSDT+0.0101%4h0.006147−0.155%$430K$29K5xas long as short
BloFin XNY-USDT+0.0160%4h0.006160+0.056%$216K$6K10xas long as short
MEXC XNY_USDT+0.0216%4h0.006156−0.009%$159K$95K100xas long as short
Binance XNYUSDTlong+0.0223%4h0.006157long leg$3.6M$874K10x
BingX XNY-USDT+0.0230%4h0.006156−0.009%$1.3Mas long as short
Gate XNY_USDTshort+0.0516%4h0.006173+0.267%$204K$13K10x