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: Gate against tradeXYZ−0.002%7-day average +0.072% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

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

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.111%+$11 · spread now −0.002%, 7d avg +0.072%

Together, before fees+0.053%+ Points / potential airdroptradeXYZ: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.075% cheaper against tradeXYZ than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.072%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:COST	901.07	0.0050	pay 0.0006% / 1h	6m 37s	$1.8M	$517K	20x
Short	Gate COST_USDT	901.05	0	get 0.0000% / 8h	3h 06m	$522K	$8K	25x

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

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 tradeXYZbpFee GatebpOrdersPrice spread, now −0.002%Rate

Funding earned: −$10.5
Price spread: −0.002% → +0.072%: −$7.46
Slippage, 4 orders: −$30.11
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$81.07
Costs to cover: 0.631%
Break-even: never at this rate

Slippage from tradeXYZ: live order book, 10 min ago; Gate: live order book, 44 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, 10 min ago	1.78 bp	14.5 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 44 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	901.47	+0.044%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	901.40	+0.037%	$1.1M	$959K	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	901.41	+0.038%	$490K	$221K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	901.38	+0.034%	$441K	$117K	10x	as long as short
Gate COST_USDTshort	0.0000%	8h	901.05	−0.002%	$522K	$8K	25x
Bitget COSTUSDT	0.0000%	8h	900.89	−0.020%	$403K	$78K	25x	as long as short
Variational Omni COST	0.0000%	8h	900.95	−0.014%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	900.20	−0.097%	$2K	$2.9M	10x	as long as short
HTX COST-USDT	0.0000%	8h	902.48	+0.156%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0009%	1h	901.13	+0.007%	$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	−1.009%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.313%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	901.60	+0.059%	—	—	25x	as long as short
tradeXYZ xyz:COSTlong	+0.0050%	1h	901.07	long leg	$1.8M	$517K	20x
KuCoin COSTUSDTM	+0.0100%	8h	900.30	−0.085%	$48K	$893K	20x	as long as short