Funding arb · Price arb /

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Swap Backtest

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: SunX against Gate+0.073%7-day average 0.000% · you sell dearer than you buy

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

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.131%−$13 · spread now +0.073%, 7d avg 0.000%

Together, before fees−0.145%−$15 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: SunX is 0.073% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BASED_USDT	0.06858	0.0100	pay 0.0050% / 4h	0m 13s	$536K	$594K	50x
Short	SunX BASED-USDT	0.06863	0.0100	get 0.0050% / 4h	0m 13s	$1K	$890K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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

Position, each leg$Hold fordaysFee GatebpFee SunXbpOrdersPrice spread, now +0.073%Rate

Funding earned: $0
Price spread: +0.073% → 0.000%: $7.27
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$15.73
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 36 min ago; SunX: live order book, 52 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 Gate live order book, 36 min ago	3.66 bp	33.6 bp −$34	6338.2 bp −$63.4K	doesn't fit	doesn't fit
Sell SunX live order book, 52 min ago	500.77 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

BASED 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 BASEDUSDT	+0.0100%	4h	0.06862	+0.055%	$29K	$2K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06863	+0.073%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06853	−0.073%	$2.1M	$683K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06857	−0.015%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDTlong	+0.0100%	4h	0.06858	long leg	$536K	$594K	50x
MEXC BASED_USDT	+0.0100%	4h	0.06866	+0.117%	$4.9M	$522K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06865	+0.102%	$585K	$76K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06867	+0.131%	$1.3M	$313K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06860	+0.029%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06854	−0.057%	$94K	$10K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06840	−0.262%	$91K	$375K	10x	as long as short
SunX BASED-USDTshort	+0.0100%	4h	0.06863	+0.073%	$1K	$890K	20x
Extended BASED-USD	+0.0104%	1h	0.06861	+0.046%	$4K	$257K	5x	as long as short
BloFin BASED-USDT	+0.0148%	4h	0.06858	0.000%	$260K	$50K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0336%	4h	0.06864	+0.087%	$3K	$664	10x	as long as short