Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0496%/8h= +54.3% APRpaid last 24h −0.017%

Price spread now: tradeXYZ against Gate+0.007%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$630.627% of the position

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.055%+$5 on $10k

Price spread, last 7 days−0.035%−$4 · spread now +0.007%, 7d avg −0.019%

Together, before fees+0.020%+ Points / potential airdroptradeXYZ: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and tradeXYZ is 0.026% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.019%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.055% in total (about 2.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BE_USDT	271.20	−0.0403	get 0.0403% / 8h	37m 29s	$1.4M	$3.3M	50x
Short	tradeXYZ xyz:BE	271.22	0.0093	get 0.0012% / 1h	37m 29s	$5.9M	$2.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.007%Rate

Funding earned: $104.14
Price spread: +0.007% → −0.019%: $2.6
Slippage, 4 orders: −$29.71
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: $44.03
Costs to cover: 0.627%
Break-even: 4.0 days

Slippage from Gate: live order book, 6 min ago; tradeXYZ: live order book, 10 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, 6 min ago	3.68 bp	16.8 bp −$17	40.6 bp −$406	86.0 bp −$8,604	doesn't fit
Sell tradeXYZ live order book, 10 min ago	1.11 bp	12.8 bp −$13	doesn't fit	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
Gate BE_USDTlong	−0.0403%	8h	271.20	long leg	$1.4M	$3.3M	50x
Bitget BEUSDT	−0.0075%	8h	271.35	+0.055%	$1.6M	$2.6M	20x	as long as short
Aster BEUSDT	0.0000%	8h	271.13	−0.027%	$343K	$128K	20x	as long as short
Extended BE-USD	0.0000%	1h	271.38	+0.068%	$46K	$381K	10x	as long as short
Binance BEUSDT	0.0000%	8h	271.30	+0.037%	$8.2M	$37.0M	25x	as long as short
OKX BE-USDT-SWAP	0.0000%	8h	271.40	+0.074%	$2.6M	$6.9M	25x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	271.33	+0.049%	$7K	$155K	10x	as long as short
SunX BE-USDT	0.0000%	8h	271.40	+0.074%	$1K	$2.3M	10x	as long as short
HTX BE-USDT	0.0000%	8h	271.50	+0.111%	$12K	$35K	20x	as long as short
QFEX BE-USD	+0.0017%	1h	271.33	+0.048%	$1.3M	$2.3M	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter BE	+0.0032%	1h	271.00	−0.074%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	271.28	+0.029%	$241K	$305K	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0032%	1h	270.59	−0.225%	$473K	$114K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	271.19	−0.004%	$113K	$96K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	271.23	+0.011%	—	—	10x	as long as short
Bybit BEUSDT	+0.0071%	8h	271.40	+0.074%	$2.0M	$1.1M	25x	as long as short
tradeXYZ xyz:BEshort	+0.0093%	1h	271.22	+0.007%	$5.9M	$2.8M	10x
KuCoin BEUSDTM	+0.0100%	8h	271.11	−0.033%	$366K	$18K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	271.21	+0.002%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	271.29	+0.033%	$45K	$145K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.1264%	1h	271.29	+0.033%	$6K	$4K	10x	as long as short