Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0142%/8h= +15.5% APRpaid last 24h +0.077%

Price spread now: BingX against Gate0.000%7-day average +0.152% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$910.910% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.367%+$37 on $10k

Price spread, last 4 days (all we have)+0.191%+$19 · spread now 0.000%, 7d avg +0.152%

Together, before fees+0.559%+$56 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.152% cheaper against Gate than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.152%). If the spread goes back, that is −$15 on $10k: about 3.6 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BEAT_USDT	0.09000	0.0100	pay 0.0100% / 8h	7h 50m	$3.4M	$2.4M	20x
Short	BingX BEAT-USDT	0.09000	0.0242	get 0.0121% / 4h	3h 50m	—	$7.7M	—

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

Position, each leg$Hold fordaysFee GatebpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $29.82
Price spread: 0.000% → +0.152%: −$15.19
Slippage, 4 orders: −$66.03
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$76.4
Costs to cover: 0.910%
Break-even: 24.9 days

Slippage from Gate: live order book, 3 min ago; BingX: live order book, 3 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 Gate live order book, 3 min ago	5.55 bp	29.8 bp −$30	104.6 bp −$1,046	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	11.09 bp	20.1 bp −$20	59.0 bp −$590	308.1 bp −$30.8K	doesn't fit

BEAT 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
BloFin BEAT-USDT	+0.0071%	4h	0.08990	−0.111%	$494K	$42K	10x	as long as short
Aster BEATUSDT	+0.0100%	4h	0.08993	−0.077%	$52K	$33K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08991	−0.100%	$4.8M	$2.7M	25x	as long as short
Gate BEAT_USDTlong	+0.0100%	8h	0.09000	long leg	$3.4M	$2.4M	20x
Variational Omni BEAT	+0.0100%	4h	0.08990	−0.111%	$34K	$179	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.09005	+0.056%	$1K	$1.8M	20x	as long as short
HTX BEAT-USDT	+0.0100%	4h	0.09058	+0.644%	$127K	$62K	20x	as long as short
Extended BEAT-USD	+0.0104%	1h	0.09007	+0.082%	$4K	$286K	5x	as long as short
MEXC BEAT_USDT	+0.0104%	4h	0.09000	0.000%	$6.1M	$3.0M	100x	as long as short
Binance BEATUSDT	+0.0105%	4h	0.08990	−0.111%	$8.2M	$14.5M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX BEATUSDC	+0.0117%	4h	0.09021	+0.238%	$4K	$167K	10x	as long as short
Bitget BEATUSDT	+0.0176%	4h	0.09000	0.000%	$1.4M	$1.6M	10x	as long as short
OKX BEAT-USDT-SWAP	+0.0228%	4h	0.08998	−0.022%	$4.3M	$14.1M	10x	as long as short
BingX BEAT-USDTshort	+0.0242%	4h	0.09000	0.000%	—	$7.7M	—
KuCoin BEATUSDTM	+0.0268%	4h	0.08998	−0.022%	$2.3M	$1.4M	25x	as long as short