Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

ASX

RWAAll ASX markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
GateASX_USDT
44.90000.0000% / 8h1h 53m$107K$5K20xLong Gate
SHORT
BingXNCSKASX2USD-USDT
44.870−0.0341pay 0.0341% / 8h1h 53m$917K$1.3M—Short BingX
Price gap−0.067%
Funding gap−0.0341% /8h

The gap pays +$13 on $10k if it goes back to its 7d average, but funding costs $10 a day and eats that in about 30 hours.

Funding on this pair paid 0.067% over the last 7 days: the rate has only just turned.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding+$7−0.0341% /8h now · paid +0.067% over the last 7D
Price+$13spread −0.067% now, avg −0.193% → +0.126% if it goes back
Costs−$2822.817% of $10k · taker + slippage, in and out
Result−$262−2.62%no pointsWhat the last 7D really paid, hour by hour → backtest

The current funding rate is far below what this pair has been paying: over the last 7 days it paid +0.067% in total, about +0.0032%/8h on average.

Price and funding

1h · loading 5m…
PRICE SPREAD · 7D
Now−0.067%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

ASX on 4 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size97.1 / 53.1 bp
    At $10k entering Gate costs 97.1 bp, fee and slippage, 1.8× BingX’s.
  • Note: Margin at max leverage$500 + —
    Gate 20x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval8h / 8h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$10.23Long Gate: 3 payments, $0.00; short BingX: 3 payments, −$10.23.
  • OK: Entry gap works for you−0.067% vs −0.193%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Long leg is thinner$107K vs $917K OI
    Gate sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCGate Yes · BingX Yes
    KYC before the futures account opens; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0032%/8h × 21 periods+$6.65
Price spread−0.067% → −0.193% (7d avg)+$12.60
Slippage, 4 orderslive order books−$256.70
Fee Gate bp × 2 orders−$15.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$262.45
Costs to cover2.817%Break-even283.3 days
Slippage: Gate: live order book, 1 min ago; BingX: live order book, 14 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGGate53.4697.1 bp−$97doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX23.5053.1 bp−$5387.5 bp−$875359.9 bp−$36.0Kdoesn’t fit

Closing costs about the same again.

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