Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.016%

Price spread now: Gate against OKX−0.084%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$790.793% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 7 days+0.096%+$10 · spread now −0.084%, 7d avg −0.046%

Together, before fees+0.155%+$16 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.039% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BE-USDT-SWAP	272.33	0	get 0.0000% / 8h	2h 18m	$2.6M	$6.9M	25x
Short	Gate BE_USDT	272.10	0	get 0.0000% / 8h	2h 18m	$1.4M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.084%Rate

Funding earned: $0
Price spread: −0.084% → −0.046%: −$3.89
Slippage, 4 orders: −$54.26
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$83.15
Costs to cover: 0.793%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Gate: live order book, 5 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 OKX live order book, 5 min ago	3.50 bp	10.8 bp −$11	80.3 bp −$803	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	3.69 bp	24.3 bp −$24	50.6 bp −$506	78.6 bp −$7,864	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
Bitget BEUSDT	−0.0128%	8h	272.11	−0.081%	$1.6M	$2.6M	20x	as long as short
Aster BEUSDT	0.0000%	8h	272.01	−0.119%	$341K	$121K	20x	as long as short
Extended BE-USD	0.0000%	1h	272.12	−0.077%	$46K	$258K	10x	as long as short
Binance BEUSDT	0.0000%	8h	272.28	−0.017%	$8.2M	$37.3M	25x	as long as short
OKX BE-USDT-SWAPlong	0.0000%	8h	272.33	long leg	$2.6M	$6.9M	25x
Gate BE_USDTshort	0.0000%	8h	272.10	−0.084%	$1.4M	$3.3M	50x
GRVT BE_USDT_Perp	0.0000%	8h	271.10	−0.451%	$6K	$158K	10x	as long as short
SunX BE-USDT	0.0000%	8h	271.73	−0.220%	$905	$2.3M	10x	as long as short
HTX BE-USDT	0.0000%	8h	271.68	−0.239%	$13K	$35K	20x	as long as short
Bybit BEUSDT	+0.0010%	8h	272.03	−0.110%	$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	272.04	−0.106%	$1.3M	$2.5M	10x	as long as short
Lighter BE	+0.0032%	1h	271.72	−0.224%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	271.92	−0.151%	$242K	$300K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	271.31	−0.375%	$113K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	272.04	−0.106%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	272.12	−0.077%	$5.9M	$2.8M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0056%	1h	270.59	−0.639%	$473K	$134K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	272.05	−0.103%	$367K	$18K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	271.78	−0.200%	—	—	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	271.60	−0.268%	$45K	$146K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0891%	1h	271.93	−0.147%	$6K	$4K	10x	as long as short