Settings8H · net · $10k
Funding arb · Price arb /

PATH

RWAall PATH markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0545%/8h= −59.6% APRnext payment $5.45 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Binance−0.093%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Gate is 0.093% cheaper against Binance than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance PATHUSDT13.6700.0545pay 0.0545% / 8h1h 01m$66K$195K20x
ShortGate PATH_USDT13.6570get 0.0000% / 8h1h 01m$6K$9K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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

Funding earned
−$114.39
Price spread: −0.093% → 0.000%
−$9.28
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$148.67
Costs to cover
0.250%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 60 min ago; Gate: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 60 min ago7.31 bp61.1 bp −$61doesn't fitdoesn't fitdoesn't fit
Sell Gate no order-book sample
Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PATH on 7 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit PATHUSDT0.0000%8h13.720+0.368%$57K$122K25xas long as short
Gate PATH_USDTshort0.0000%8h13.657−0.093%$6K$9K20x
Bitget PATHUSDT0.0000%8h13.636−0.246%$22K$36K20xas long as short
SunX PATH-USDT0.0000%8h13.660−0.071%$1.8M10xas long as short
HTX PATH-USDT0.0000%8h13.670+0.002%$2K$282K20xas long as short
Phemex PATHUSDT0.0000%8h13.680+0.075%$10K$16K10xas long as short
Binance PATHUSDTlong+0.0545%8h13.670long leg$66K$195K20x