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: Gate against OKX−0.053%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$790.790% of the position

Long on OKX Short on Gate

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)+0.064%+$6 · spread now −0.053%, 7d avg −0.022%

Together, before fees+0.062%+$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: Gate is 0.031% cheaper against OKX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX COST-USDT-SWAP	902.00	0	get 0.0000% / 8h	2h 52m	$442K	$121K	10x
Short	Gate COST_USDT	901.52	0	get 0.0000% / 8h	2h 52m	$522K	$8K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.053%Rate

Funding earned: $0
Price spread: −0.053% → −0.022%: −$3.08
Slippage, 4 orders: −$53.99
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$82.07
Costs to cover: 0.790%
Break-even: never at this rate

Slippage from OKX: live order book, 58 min ago; Gate: live order book, 59 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 OKX live order book, 58 min ago	3.67 bp	32.9 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 59 min ago	6.17 bp	17.7 bp −$18	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	901.52	−0.053%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	901.61	−0.044%	$1.1M	$969K	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	901.93	−0.008%	$491K	$221K	25x	as long as short
OKX COST-USDT-SWAPlong	0.0000%	8h	902.00	long leg	$442K	$121K	10x
Gate COST_USDTshort	0.0000%	8h	901.52	−0.053%	$522K	$8K	25x
Bitget COSTUSDT	0.0000%	8h	900.89	−0.123%	$403K	$78K	25x	as long as short
Variational Omni COST	0.0000%	8h	901.41	−0.065%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	900.20	−0.200%	$2K	$2.9M	10x	as long as short
HTX COST-USDT	0.0000%	8h	902.79	+0.088%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0003%	1h	901.35	−0.072%	$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	−1.111%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.416%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	901.61	−0.043%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	901.00	−0.111%	$1.8M	$517K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	900.30	−0.188%	$48K	$894K	20x	as long as short