Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0304%/8h= +33.2% APRpaid last 24h +0.078%

Price spread now: Deribit against Gate−0.026%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 0.026% cheaper against Gate than usual: you would sell low and buy high (spread −0.026% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BE_USDT	271.20	0	get 0.0000% / 8h	2h 23m	$1.4M	$3.3M	50x
Short	Deribit BE_USDC-PERPETUAL	271.13	0.0304	get 0.0038% / 1h	23m 06s	$6K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.026%Rate

Funding earned: $63.75
Price spread: −0.026% → 0.000%: −$2.58
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $39.16
Costs to cover: 0.220%
Break-even: 2.7 days

Slippage unknown: Gate: live order book, 5 min ago; Deribit: no order-book sample. Net counts fees only.

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, 5 min ago	1.85 bp	10.8 bp −$11	40.2 bp −$402	78.8 bp −$7,877	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bitget BEUSDT	−0.0133%	8h	271.55	+0.129%	$1.6M	$2.6M	20x	as long as short
Aster BEUSDT	0.0000%	8h	271.38	+0.065%	$340K	$121K	20x	as long as short
Extended BE-USD	0.0000%	1h	271.08	−0.044%	$46K	$258K	10x	as long as short
Binance BEUSDT	0.0000%	8h	271.33	+0.049%	$8.2M	$37.2M	25x	as long as short
OKX BE-USDT-SWAP	0.0000%	8h	271.47	+0.100%	$2.6M	$6.9M	25x	as long as short
Gate BE_USDTlong	0.0000%	8h	271.20	long leg	$1.4M	$3.3M	50x
GRVT BE_USDT_Perp	0.0000%	8h	271.00	−0.076%	$6K	$158K	10x	as long as short
SunX BE-USDT	0.0000%	8h	270.96	−0.088%	$1K	$2.3M	10x	as long as short
HTX BE-USDT	0.0000%	8h	270.88	−0.118%	$12K	$35K	20x	as long as short
Bybit BEUSDT	+0.0006%	8h	271.38	+0.066%	$2.0M	$1.1M	25x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX BE-USD	+0.0024%	1h	271.15	−0.018%	$1.3M	$2.5M	10x	as long as short
Lighter BE	+0.0032%	1h	271.07	−0.048%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	271.20	0.000%	$242K	$299K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	270.69	−0.188%	$113K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	270.97	−0.085%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	271.08	−0.044%	$5.9M	$2.7M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0056%	1h	270.59	−0.225%	$473K	$134K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	271.09	−0.041%	$366K	$18K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	270.97	−0.085%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	271.11	−0.033%	$45K	$145K	20x	as long as short
Deribit BE_USDC-PERPETUALshort	+0.0304%	1h	271.13	−0.026%	$6K	$4K	10x