Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.041%

Price spread now: Gate against SunX−0.120%7-day average −0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$275as in the Funding arb table

Net, price: spread back to 7d avg − costs−$289as in the Price arb table

costs, in and out, $10k−$2842.838% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.085%+$8 on $10k

Price spread, last 3 days (all we have)−0.057%−$6 · spread now −0.120%, 7d avg −0.073%

Together, before fees+0.027%+$3 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 0.047% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX BE-USDT	274.33	0	get 0.0000% / 8h	7m 09s	$933	$2.5M	10x
Short	Gate BE_USDT	274.00	0	get 0.0000% / 8h	7m 09s	$1.5M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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 SunXbpFee GatebpOrdersPrice spread, now −0.120%Rate

Funding earned: $0
Price spread: −0.120% → −0.073%: −$4.75
Slippage, 4 orders: −$260.82
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$288.57
Costs to cover: 2.838%
Break-even: never at this rate

Slippage from SunX: live order book, 9 min ago; Gate: live order book, 1 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 SunX live order book, 9 min ago	45.39 bp	124.9 bp −$125	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	3.65 bp	13.6 bp −$14	44.2 bp −$442	73.7 bp −$7,373	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	+0.077%	$345K	$119K	20x	as long as short
Bybit BEUSDT	0.0000%	8h	274.22	−0.040%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDTshort	0.0000%	8h	274.00	−0.120%	$1.5M	$3.7M	50x
Bitget BEUSDT	0.0000%	8h	274.23	−0.036%	$1.7M	$2.6M	20x	as long as short
SunX BE-USDTlong	0.0000%	8h	274.33	long leg	$933	$2.5M	10x
HTX BE-USDT	0.0000%	8h	274.38	+0.018%	$13K	$33K	20x	as long as short
Lighter BE	+0.0032%	1h	274.06	−0.098%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	274.20	−0.047%	$250K	$380K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	274.08	−0.091%	$114K	$120K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	274.29	−0.015%	—	—	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	274.17	−0.058%	$5.9M	$2.9M	10x	as long as short
QFEX BE-USD	+0.0073%	1h	274.23	−0.036%	$1.3M	$3.8M	10x	as long as short
Extended BE-USD	+0.0080%	1h	274.25	−0.028%	$46K	$270K	10x	as long as short
Binance BEUSDT	+0.0082%	8h	274.35	+0.008%	$8.5M	$36.8M	25x	as long as short
Coinbase International BE-PERP-INTX	+0.0088%	1h	274.13	−0.073%	$469K	$117K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	274.02	−0.113%	$370K	$23K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.14	−0.068%	—	—	10x	as long as short
GRVT BE_USDT_Perp	+0.0105%	8h	274.30	−0.011%	$6K	$182K	10x	as long as short
BloFin BE-USDT	+0.0202%	8h	274.26	−0.026%	$45K	$141K	20x	as long as short
OKX BE-USDT-SWAP	+0.0248%	8h	274.33	0.000%	$2.6M	$6.9M	25x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0480%	1h	274.29	−0.015%	$7K	$4K	10x	as long as short