Funding arb · Price arb /

BOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1533%/8h= +167.8% APRpaid last 24h −0.111%

Price spread now: Gate against tradeXYZ+0.337%7-day average +0.162% · you sell dearer than you buy

Net, funding: paid 7d − costs−$460as in the Funding arb table

Net, price: spread back to 7d avg − costs−$386as in the Price arb table

costs, in and out, $10k−$4034.033% of the position

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.571%−$57 on $10k

Price spread, last 4 days (all we have)+0.153%+$15 · spread now +0.337%, 7d avg +0.162%

Together, before fees−0.418%+ Points / potential airdroptradeXYZ: Active · farm board−$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$46 a day on $10k at the current rate, and Gate is 0.175% dearer against tradeXYZ than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.162%. Mind the row above: over the last 7 days funding on this pair cost −0.571%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.571% in total (about -29.8% 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	tradeXYZ xyz:BOT	29.391	−0.1533	get 0.0192% / 1h	46m 53s	$3.1M	$777K	10x
Short	Gate BOT_USDT	29.490	0	get 0.0000% / 8h	3h 46m	$255K	$233K	20x

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

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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 +0.337%Rate

Funding earned: $321.83
Price spread: +0.337% → +0.162%: $17.48
Slippage, 4 orders: −$370.27
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$63.96
Costs to cover: 4.033%
Break-even: 8.4 days

Slippage from tradeXYZ: live order book, 1 min ago; Gate: live order book, 65 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, 1 min ago	2.55 bp	11.9 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 65 min ago	33.86 bp	171.5 bp −$171	doesn't fit	doesn't fit	doesn't fit

BOT on 12 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
tradeXYZ xyz:BOTlong	−0.1533%	1h	29.391	long leg	$3.1M	$777K	10x
KuCoin BOTUSDTM	−0.1062%	8h	29.440	+0.167%	$95K	$285K	20x	as long as short
OKX BOT-USDT-SWAP	−0.0915%	8h	29.470	+0.269%	$235K	$217K	20x	as long as short
Binance BOTUSDT	−0.0726%	8h	29.418	+0.092%	$450K	$1.2M	10x	as long as short
Variational Omni BOT	−0.0640%	8h	29.460	+0.234%	$31K	$14K	—	as long as short
QFEX BOT-USD	−0.0080%	1h	29.430	+0.133%	$1.1M	$514K	10x	as long as short
Bybit BOTUSDT	0.0000%	8h	29.390	−0.003%	$510K	$554K	25x	as long as short
Gate BOT_USDTshort	0.0000%	8h	29.490	+0.337%	$255K	$233K	20x
Bitget BOTUSDT	0.0000%	8h	29.520	+0.439%	$247K	$120K	5x	as long as short
Lighter BOT	+0.0032%	1h	29.611	+0.749%	$68K	$1K	3x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus BOT-USD	+0.0040%	1h	29.380	−0.037%	$3K	$9K	5x	as long as short
HTX BOT-USDT	+0.0100%	8h	29.446	+0.187%	$3K	$34K	10x	as long as short