Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0088%/8h= +9.6% APRpaid last 24h +0.002%

Price spread now: Coinbase International against Gate+0.047%7-day average −0.212% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$480.476% of the position

Long on Gate Short on Coinbase International

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)−0.100%−$10 · spread now +0.047%, 7d avg −0.212%

Together, before fees+0.043%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.259% dearer against Gate than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of −0.212%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BE_USDT	274.00	0	get 0.0000% / 8h	3m 42s	$1.5M	$3.7M	50x
Short	Coinbase International BE-PERP-INTX	274.13	0.0088	get 0.0011% / 1h	3m 42s	$469K	$117K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.047%Rate

Funding earned: $18.48
Price spread: +0.047% → −0.212%: $25.9
Slippage, 4 orders: −$22.55
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$3.17
Costs to cover: 0.476%
Break-even: 8.2 days

Slippage from Gate: live order book, 4 min ago; Coinbase International: live order book, 9 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, 4 min ago	3.65 bp	16.3 bp −$16	42.5 bp −$425	77.9 bp −$7,786	doesn't fit
Sell Coinbase International live order book, 9 min ago	2.19 bp	8.8 bp −$9	18.9 bp −$189	doesn't fit	doesn't fit

BE on 21 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	274.54	+0.197%	$345K	$119K	20x	as long as short
Bybit BEUSDT	0.0000%	8h	274.26	+0.095%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDTlong	0.0000%	8h	274.00	long leg	$1.5M	$3.7M	50x
Bitget BEUSDT	0.0000%	8h	274.21	+0.077%	$1.7M	$2.6M	20x	as long as short
SunX BE-USDT	0.0000%	8h	274.43	+0.157%	$947	$2.5M	10x	as long as short
HTX BE-USDT	0.0000%	8h	274.34	+0.124%	$13K	$33K	20x	as long as short
Lighter BE	+0.0032%	1h	273.98	−0.007%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	274.15	+0.055%	$250K	$380K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	274.03	+0.011%	$114K	$120K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	274.28	+0.102%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:BE	+0.0050%	1h	274.08	+0.029%	$5.9M	$2.9M	10x	as long as short
QFEX BE-USD	+0.0073%	1h	274.21	+0.077%	$1.3M	$3.9M	10x	as long as short
Binance BEUSDT	+0.0086%	8h	274.29	+0.106%	$8.5M	$36.8M	25x	as long as short
Extended BE-USD	+0.0088%	1h	274.24	+0.087%	$46K	$270K	10x	as long as short
Coinbase International BE-PERP-INTXshort	+0.0088%	1h	274.13	+0.047%	$469K	$117K	10x
KuCoin BEUSDTM	+0.0100%	8h	274.10	+0.036%	$370K	$23K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.26	+0.094%	—	—	10x	as long as short
GRVT BE_USDT_Perp	+0.0105%	8h	274.30	+0.109%	$6K	$182K	10x	as long as short
BloFin BE-USDT	+0.0206%	8h	274.31	+0.113%	$45K	$141K	20x	as long as short
OKX BE-USDT-SWAP	+0.0252%	8h	274.24	+0.088%	$2.6M	$6.9M	25x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0589%	1h	274.26	+0.095%	$7K	$4K	10x	as long as short