Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.010%

Price spread now: Gate against tradeXYZ−0.080%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$71as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$650.653% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 7 days+0.149%+$15 · spread now −0.080%, 7d avg +0.022%

Together, before fees+0.095%+ Points / potential airdroptradeXYZ: Active · farm board+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.102% cheaper against tradeXYZ than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.022%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BE	275.32	0.0050	pay 0.0006% / 1h	4m 51s	$6.0M	$2.8M	10x
Short	Gate BE_USDT	275.10	0	get 0.0000% / 8h	7h 04m	$1.5M	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against tradeXYZ. 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 tradeXYZbpFee GatebpOrdersPrice spread, now −0.080%Rate

Funding earned: −$10.5
Price spread: −0.080% → +0.022%: −$10.23
Slippage, 4 orders: −$32.29
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$86.02
Costs to cover: 0.653%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 4 min ago; Gate: live order book, 3 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 tradeXYZ live order book, 4 min ago	1.09 bp	12.5 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	3.63 bp	16.4 bp −$16	52.2 bp −$522	81.6 bp −$8,157	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	275.10	−0.080%	$346K	$119K	20x	as long as short
Gate BE_USDTshort	0.0000%	8h	275.10	−0.080%	$1.5M	$3.4M	50x
Bitget BEUSDT	0.0000%	8h	275.36	+0.015%	$1.7M	$2.6M	20x	as long as short
SunX BE-USDT	0.0000%	8h	275.44	+0.044%	$1K	$2.5M	10x	as long as short
HTX BE-USDT	0.0000%	8h	275.51	+0.069%	$13K	$33K	20x	as long as short
Lighter BE	+0.0032%	1h	275.19	−0.047%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	275.30	−0.007%	$251K	$300K	10x	as long as short
QFEX BE-USD	+0.0037%	1h	275.39	+0.025%	$1.3M	$3.5M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	275.10	−0.080%	$115K	$112K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	275.47	+0.054%	—	—	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:BElong	+0.0050%	1h	275.32	long leg	$6.0M	$2.8M	10x
Bybit BEUSDT	+0.0084%	8h	275.26	−0.022%	$2.0M	$1.2M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	275.41	+0.033%	$372K	$22K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	275.29	−0.010%	—	—	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0128%	1h	274.76	−0.203%	$475K	$132K	10x	as long as short
Extended BE-USD	+0.0200%	1h	275.40	+0.028%	$47K	$260K	10x	as long as short
Binance BEUSDT	+0.0202%	8h	275.47	+0.054%	$8.6M	$36.3M	25x	as long as short
OKX BE-USDT-SWAP	+0.0258%	8h	275.45	+0.047%	$2.6M	$6.8M	25x	as long as short
BloFin BE-USDT	+0.0321%	8h	275.34	+0.007%	$45K	$141K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0368%	1h	275.40	+0.029%	$7K	$4K	10x	as long as short
GRVT BE_USDT_Perp	+0.0593%	8h	275.29	−0.011%	$7K	$173K	10x	as long as short