Settings8H · net · $10k
LanguageThe language of the site
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
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Funding arb · Price arb / RWA

FUTU

RWAAll FUTU markets →
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONG
GateFUTUON_USDT
110.3100.0000% / 8h1h 41m$1.7M$7K25xLong Gate
SHORT
BingXNCSKFUTU2USD-USDT
110.34−0.0050pay 0.0050% / 8h1h 41m$938K$1.3M—Short BingX
Price gap+0.027%
Funding gap−0.0050% /8h

The gap pays +$19 on $10k if it goes back to its 7d average, but funding costs $2 a day and eats that in about 13 days. At the last 7 days' pace that is about 10 hours.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast
Funding−$320−0.0050% /8h now · paid −3.199% over the last 7D
Price+$19spread +0.027% now, avg −0.161% → +0.188% if it goes back
Costs−$1,62116.210% of $10k · taker + slippage, in and out
Result−$1,922−19.22%no pointsWhat the last 7D really paid, hour by hour → backtest

Price and funding

1h · history
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.027%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

FUTU on 6 exchanges

lowest funding first

Before you open

2 ok · 3 to watch
  • Watch: Thin at this size877.8 / 132.9 bp
    At $10k entering Gate costs 877.8 bp, fee and slippage, 6.6× BingX’s.
  • Note: Margin at max leverage$400 + —
    Gate 25x, BingX —. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • OK: Same payment interval8h / 8h
    Both legs pay at the same time.
    Next 24h at the current rates, on $10k a leg: −$1.50Long Gate: 3 payments, $0.00; short BingX: 3 payments, −$1.50.
  • OK: Entry gap works for you+0.027% vs −0.161%
    You short the dearer leg. If the gap goes back to average, the short gains.
  • Watch: Short leg is thinner$938K vs $1.7M OI
    BingX sets your exit cost. Check its book before closing.
  • Note: No points program—
    Neither exchange runs points right now.
  • Watch: KYCGate Yes · BingX Yes
    KYC before the futures account opens; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned−0.1524%/8h × 21 periods−$319.94
Price spread+0.027% → −0.161% (7d avg)+$18.80
Slippage, 4 orderslive order books−$1,596.01
Fee Gate bp × 2 orders−$15.00
Fee BingX bp × 2 orders−$10.00
Net · 7 days · $10k−$1,922.15
Costs to cover16.210%Break-evennever at this rate
Slippage: Gate: live order book, 2 min ago; BingX: live order book, 21 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGGate95.59877.8 bp−$878doesn’t fitdoesn’t fitdoesn’t fit
SELL · SHORTBingX17.62132.9 bp−$133380.3 bp−$3,803doesn’t fitdoesn’t fit

Closing costs about the same again.

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