Funding arb · Price arb /

COST

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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 +0.002%

Price spread now: OKX against Gate+0.071%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$750.751% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.071%, 7d avg +0.023%

Together, before fees−0.056%−$6 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: OKX is 0.048% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COST_USDT	902.53	0	get 0.0000% / 8h	1h 06m	$522K	$8K	25x
Short	OKX COST-USDT-SWAP	903.17	0	get 0.0000% / 8h	1h 06m	$443K	$123K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → +0.023%: $4.8
Slippage, 4 orders: −$50.07
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$70.27
Costs to cover: 0.751%
Break-even: never at this rate

Slippage from Gate: live order book, 35 min ago; OKX: live order book, 35 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, 35 min ago	7.31 bp	19.3 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 35 min ago	4.76 bp	11.1 bp −$11	doesn't fit	doesn't fit	doesn't fit

COST on 15 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 COSTUSDT	0.0000%	8h	902.83	+0.033%	$45K	$133	20x	as long as short
Binance COSTUSDT	0.0000%	8h	902.70	+0.019%	$1.1M	$1.0M	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	902.81	+0.031%	$491K	$218K	25x	as long as short
OKX COST-USDT-SWAPshort	0.0000%	8h	903.17	+0.071%	$443K	$123K	10x
Gate COST_USDTlong	0.0000%	8h	902.53	long leg	$522K	$8K	25x
Bitget COSTUSDT	0.0000%	8h	902.74	+0.023%	$401K	$82K	25x	as long as short
Variational Omni COST	0.0000%	8h	902.39	−0.016%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	902.30	−0.025%	$1K	$2.8M	10x	as long as short
HTX COST-USDT	0.0000%	8h	904.19	+0.184%	$10K	$42K	10x	as long as short
QFEX COST-USD	0.0000%	1h	902.46	−0.008%	$1.1M	$2.4M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.169%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.474%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	902.45	−0.009%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	902.88	+0.039%	$1.8M	$508K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	901.70	−0.092%	$47K	$906K	20x	as long as short