Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0112%/8h= −12.3% APRpaid last 24h +0.007%

Price spread now: Gate against Coinbase International+0.337%7-day average +0.211% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$500.499% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.143%−$14 on $10k

Price spread, last 3 days (all we have)−0.277%−$28 · spread now +0.337%, 7d avg +0.211%

Together, before fees−0.419%−$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.126% dearer against Coinbase International than usual: you sell high and buy low (spread +0.337% now, against its 7-day average of +0.211%): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BE-PERP-INTX	273.08	0.0112	pay 0.0014% / 1h	28m 34s	$473K	$131K	10x
Short	Gate BE_USDT	274.00	0	get 0.0000% / 8h	6h 28m	$1.5M	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Coinbase International. 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 Coinbase InternationalbpFee GatebpOrdersPrice spread, now +0.337%Rate

Funding earned: −$23.52
Price spread: +0.337% → +0.211%: $12.6
Slippage, 4 orders: −$24.9
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$60.82
Costs to cover: 0.499%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 40 min ago; Gate: live order book, 4 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 Coinbase International live order book, 40 min ago	2.90 bp	9.6 bp −$10	16.8 bp −$168	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	3.66 bp	15.2 bp −$15	51.5 bp −$515	85.5 bp −$8,552	doesn't fit

BE on 20 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
Aster BEUSDT	0.0000%	8h	274.10	+0.374%	$345K	$119K	20x	as long as short
Bybit BEUSDT	0.0000%	8h	274.16	+0.395%	$2.0M	$1.1M	25x	as long as short
Gate BE_USDTshort	0.0000%	8h	274.00	+0.337%	$1.5M	$3.4M	50x
Bitget BEUSDT	0.0000%	8h	274.03	+0.348%	$1.7M	$2.6M	20x	as long as short
SunX BE-USDT	0.0000%	8h	274.17	+0.399%	$1K	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	273.83	+0.275%	$12K	$34K	20x	as long as short
GRVT BE_USDT_Perp	+0.0005%	8h	273.44	+0.130%	$7K	$168K	10x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0005%	1h	274.05	+0.355%	$7K	$4K	10x	as long as short
QFEX BE-USD	+0.0026%	1h	274.04	+0.352%	$1.3M	$3.2M	10x	as long as short
Lighter BE	+0.0032%	1h	273.87	+0.289%	—	—	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH BE	+0.0032%	1h	273.98	+0.330%	$250K	$290K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	273.64	+0.205%	$114K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	274.03	+0.348%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	274.02	+0.344%	$5.9M	$2.8M	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	274.03	+0.348%	$370K	$23K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.00	+0.338%	—	—	10x	as long as short
Coinbase International BE-PERP-INTXlong	+0.0112%	1h	273.08	long leg	$473K	$131K	10x
Binance BEUSDT	+0.0139%	8h	274.08	+0.365%	$8.4M	$36.3M	25x	as long as short
Extended BE-USD	+0.0144%	1h	273.96	+0.322%	$46K	$258K	10x	as long as short
OKX BE-USDT-SWAP	+0.0202%	8h	274.25	+0.428%	$2.6M	$6.8M	25x	as long as short