Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h +0.054%

Price spread now: BloFin against Gate+0.353%63s7-day average +0.235% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1101.102% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.203%+$20 on $10k

Price spread, last 4 days (all we have)+0.144%+$14 · spread now +0.353%, 7d avg +0.235%

Together, before fees+0.347%+$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and BloFin is 0.119% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.235%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BEAT_USDT	0.08490	0.0100	pay 0.0100% / 8h	5h 28m	$3.2M	$2.5M	20x
Short	BloFin BEAT-USDT	0.08520	0.0153	get 0.0076% / 4h	1h 28m	$474K	$36K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.353%Rate

Funding earned: $11.1
Price spread: +0.353% → +0.235%: $11.85
Slippage, 4 orders: −$83.24
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$87.29
Costs to cover: 1.102%
Break-even: 62.0 days

Slippage from Gate: live order book, 3 min ago; BloFin: live order book, 16 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	11.75 bp	26.5 bp −$27	169.2 bp −$1,692	doesn't fit	doesn't fit
Sell BloFin live order book, 16 min ago	11.57 bp	38.9 bp −$39	86.7 bp −$867	480.5 bp −$48.0K	doesn't fit

BEAT on 15 exchanges

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	0.08497	+0.077%	$49K	$27K	10x	as long as short
Binance BEATUSDT	+0.0100%	4h	0.08503	+0.150%	$7.7M	$15.1M	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08500	+0.118%	$4.6M	$2.8M	25x	as long as short
Gate BEAT_USDTlong	+0.0100%	8h	0.08490	long leg	$3.2M	$2.5M	20x
MEXC BEAT_USDT	+0.0100%	4h	0.08490	0.000%	$5.8M	$3.2M	100x	as long as short
Bitget BEATUSDT	+0.0100%	4h	0.08510	+0.236%	$1.3M	$1.7M	10x	as long as short
Variational Omni BEAT	+0.0100%	4h	0.08509	+0.218%	$33K	$998	—	as long as short
edgeX BEATUSDC	+0.0100%	4h	0.08502	+0.145%	$4K	$168K	10x	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08526	+0.424%	$2K	$1.9M	20x	as long as short
HTX BEAT-USDT	+0.0101%	4h	0.08505	+0.177%	$120K	$73K	20x	as long as short

Show all 15 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BEAT-USD	+0.0104%	1h	0.08490	+0.004%	$9K	$287K	5x	as long as short
KuCoin BEATUSDTM	+0.0128%	4h	0.08511	+0.247%	$2.2M	$1.5M	25x	as long as short
BloFin BEAT-USDTshort	+0.0153%	4h	0.08520	+0.353%	$474K	$36K	10x
OKX BEAT-USDT-SWAP	+0.0160%	4h	0.08504	+0.165%	$4.2M	$14.3M	10x	as long as short
BingX BEAT-USDT	+0.0168%	4h	0.08500	+0.118%	—	$7.7M	—	as long as short