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

ATH

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SwapBacktest
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 0.000%
Price spread now: BingX against Gate+0.091%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$217as in the Funding arb table
Net, price: spread back to 7d avg − costs−$211as in the Price arb table
costs, in and out, $10k−$2172.170% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.091%, 7d avg +0.033%
Together, before fees−0.071%−$7 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: BingX is 0.058% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ATH_USDT0.0054690.0100pay 0.0050% / 4h2h 59m$783K$603K30x
ShortBingX ATH-USDT0.0054740.0100get 0.0050% / 4h2h 59m$21.4M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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
$0
Price spread: +0.091% → +0.033%
$5.83
Slippage, 4 orders
−$191.98
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BingX: 5 bp × 2 orders
−$10
Net
−$211.15
Costs to cover
2.170%
Break-even
never at this rate
Slippage from Gate: live order book, 52 min ago; BingX: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 52 min ago6.35 bp77.2 bp −$77doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 9 min ago7.30 bp33.5 bp −$3380.1 bp −$801606.6 bp −$60.7K980.1 bp −$490.0K

ATH on 13 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
Kraken Futures PF_ATHUSD−0.2150%1h0.005476+0.119%$19K$106K10xas long as short
Variational Omni ATH−0.0128%4h0.005467−0.036%$184K$93Kas long as short
dYdX ATH-USD0.0000%1h0.005489+0.366%$11K$585xas long as short
BloFin ATH-USDT+0.0086%4h0.005487+0.329%$164K$68K75xas long as short
Aster ATHUSDT+0.0100%4h0.005489+0.367%$4K$40K5xas long as short
Binance ATHUSDT+0.0100%4h0.005478+0.173%$3.3M$4.3M50xas long as short
Bybit ATHUSDT+0.0100%4h0.005470+0.018%$4.3M$2.6M25xas long as short
OKX ATH-USDT-SWAP+0.0100%4h0.005470+0.018%$705K$1.3M20xas long as short
Gate ATH_USDTlong+0.0100%4h0.005469long leg$783K$603K30x
MEXC ATH_USDT+0.0100%4h0.005480+0.201%$8.9M$647K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ATHUSDTM+0.0100%4h0.005474+0.091%$551K$78K30xas long as short
Bitget ATHUSDT+0.0100%4h0.005474+0.091%$1.5M$906K25xas long as short
BingX ATH-USDTshort+0.0100%4h0.005474+0.091%$21.4M