Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against SunX+0.062%7-day average +0.091% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)+0.033%+$3 · spread now +0.062%, 7d avg +0.091%

Together, before fees+0.033%+$3 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 0.028% cheaper against SunX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX COST-USDT	898.50	0	get 0.0000% / 8h	1h 34m	$979	$3.3M	10x
Short	Gate COST_USDT	899.06	0	get 0.0000% / 8h	1h 34m	$523K	$26K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against SunX. 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 SunXbpFee GatebpOrdersPrice spread, now +0.062%Rate

Funding earned: $0
Price spread: +0.062% → +0.091%: −$2.85
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$25.85
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 4 min ago; Gate: live order book, 47 min ago. Net counts fees only.

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 SunX live order book, 4 min ago	500.67 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 47 min ago	20.83 bp	96.9 bp −$97	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	898.25	−0.028%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	899.01	+0.057%	$470K	$193K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.68	+0.131%	$432K	$137K	10x	as long as short
Gate COST_USDTshort	0.0000%	8h	899.06	+0.062%	$523K	$26K	25x
Bitget COSTUSDT	0.0000%	8h	898.60	+0.011%	$398K	$125K	25x	as long as short
SunX COST-USDTlong	0.0000%	8h	898.50	long leg	$979	$3.3M	10x
HTX COST-USDT	0.0000%	8h	900.61	+0.235%	$10K	$42K	10x	as long as short
Variational Omni COST	+0.0033%	8h	898.79	+0.032%	$42K	$19K	—	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.726%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.30	−0.022%	—	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest COST-USD-PERP	+0.0046%	1h	898.35	−0.017%	—	—	25x	as long as short
QFEX COST-USD	+0.0048%	1h	898.64	+0.016%	$1.1M	$2.9M	10x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.61	+0.012%	$1.8M	$536K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	897.80	−0.078%	$41K	$833K	20x	as long as short
Binance COSTUSDT	+0.0200%	8h	898.46	−0.004%	$1.1M	$970K	20x	as long as short