Funding arb · Price arb /

COST

RWAall COST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: tradeXYZ against Gate−0.030%7-day average −0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$630.631% of the position

Long on Gate Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.078%−$8 · spread now −0.030%, 7d avg −0.072%

Together, before fees−0.021%+ Points / potential airdroptradeXYZ: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.042% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.072%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COST_USDT	900.97	0	get 0.0000% / 8h	3h 15m	$522K	$8K	25x
Short	tradeXYZ xyz:COST	900.70	0.0050	get 0.0006% / 1h	15m 32s	$1.8M	$517K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.030%Rate

Funding earned: $10.5
Price spread: −0.030% → −0.072%: $4.24
Slippage, 4 orders: −$30.11
Fee Gate: 7.5 bp × 2 orders: −$15
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$48.37
Costs to cover: 0.631%
Break-even: 39.2 days

Slippage from Gate: live order book, 35 min ago; tradeXYZ: 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 Gate live order book, 35 min ago	6.17 bp	19.2 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 1 min ago	1.78 bp	11.7 bp −$12	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	901.03	+0.007%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	901.01	+0.004%	$1.1M	$952K	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	901.15	+0.020%	$491K	$220K	25x	as long as short
Gate COST_USDTlong	0.0000%	8h	900.97	long leg	$522K	$8K	25x
Bitget COSTUSDT	0.0000%	8h	901.15	+0.020%	$403K	$78K	25x	as long as short
Variational Omni COST	0.0000%	8h	900.81	−0.018%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	899.70	−0.141%	$1K	$2.8M	10x	as long as short
HTX COST-USDT	0.0000%	8h	902.79	+0.202%	$10K	$42K	10x	as long as short
OKX COST-USDT-SWAP	+0.0006%	8h	901.44	+0.052%	$441K	$116K	10x	as long as short
QFEX COST-USD	+0.0009%	1h	900.73	−0.027%	$1.1M	$2.5M	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	−0.998%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.302%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	900.67	−0.033%	—	—	25x	as long as short
tradeXYZ xyz:COSTshort	+0.0050%	1h	900.70	−0.030%	$1.8M	$517K	20x
KuCoin COSTUSDTM	+0.0100%	8h	900.30	−0.074%	$48K	$891K	20x	as long as short