Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0142%/8h= +15.5% APRpaid last 24h +0.024%

Price spread now: Bitget against Gate+0.231%7-day average +0.202% · you sell dearer than you buy

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$990.993% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.142%+$14 on $10k

Price spread, last 3 days (all we have)+0.019%+$2 · spread now +0.231%, 7d avg +0.202%

Together, before fees+0.161%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bitget is 0.029% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.202%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BEAT_USDT	0.08650	0.0100	pay 0.0100% / 8h	1h 35m	$3.2M	$2.0M	20x
Short	Bitget BEATUSDT	0.08670	0.0242	get 0.0121% / 4h	1h 35m	$1.3M	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.231%Rate

Funding earned: $29.82
Price spread: +0.231% → +0.202%: $2.87
Slippage, 4 orders: −$72.3
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$66.61
Costs to cover: 0.993%
Break-even: 22.6 days

Slippage from Gate: live order book, 2 min ago; Bitget: live order book, 5 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, 2 min ago	11.53 bp	20.0 bp −$20	81.7 bp −$817	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	11.49 bp	21.3 bp −$21	60.0 bp −$600	doesn't fit	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
Aster BEATUSDT	+0.0100%	4h	0.08652	+0.020%	$48K	$30K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08653	+0.035%	$4.6M	$2.1M	25x	as long as short
Gate BEAT_USDTlong	+0.0100%	8h	0.08650	long leg	$3.2M	$2.0M	20x
Variational Omni BEAT	+0.0100%	4h	0.08705	+0.642%	$33K	$587	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08676	+0.301%	$2K	$1.3M	20x	as long as short
OKX BEAT-USDT-SWAP	+0.0168%	4h	0.08663	+0.150%	$4.1M	$9.8M	10x	as long as short
Bitget BEATUSDTshort	+0.0242%	4h	0.08670	+0.231%	$1.3M	$1.2M	10x
HTX BEAT-USDT	+0.0256%	4h	0.08687	+0.428%	$119K	$65K	20x	as long as short
Binance BEATUSDT	+0.0326%	4h	0.08659	+0.105%	$8.1M	$10.7M	10x	as long as short
Extended BEAT-USD	+0.0328%	1h	0.08659	+0.101%	$5K	$221K	5x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC BEAT_USDT	+0.0334%	4h	0.08650	0.000%	$5.8M	$2.4M	100x	as long as short
BingX BEAT-USDT	+0.0340%	4h	0.08660	+0.116%	—	$7.6M	—	as long as short
edgeX BEATUSDC	+0.0340%	4h	0.08694	+0.505%	$4K	$165K	10x	as long as short
BloFin BEAT-USDT	+0.0391%	4h	0.08670	+0.231%	$486K	$49K	10x	as long as short
KuCoin BEATUSDTM	+0.0794%	4h	0.08659	+0.104%	$2.5M	$1.1M	25x	as long as short