Funding arb · Price arb /

BEAT

all BEAT markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0540%/8h= −59.1% APRpaid last 24h 0.000%

Price spread now: Bybit against Gate−0.011%7-day average +0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$175as in the Price arb table

costs, in and out, $10k−$1631.633% of the position

Long on Gate Short on Bybit

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)+0.086%+$9 · spread now −0.011%, 7d avg +0.108%

Together, before fees+0.086%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Bybit is 0.119% cheaper against Gate than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.108%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.000% in total (about -0.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BEAT_USDT	0.08760	0.0640	pay 0.0640% / 8h	6h 25m	$3.3M	$2.0M	20x
Short	Bybit BEATUSDT	0.08759	0.0100	get 0.0050% / 4h	2h 25m	$4.7M	$2.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$113.4
Price spread: −0.011% → +0.108%: −$11.92
Slippage, 4 orders: −$137.27
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$288.59
Costs to cover: 1.633%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Bybit: live order book, 2 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	11.42 bp	24.6 bp −$25	107.1 bp −$1,071	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.14 bp	58.6 bp −$59	472.4 bp −$4,724	doesn't fit	doesn't fit

BEAT on 14 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	0.08770	+0.114%	$49K	$33K	10x	as long as short
Bybit BEATUSDTshort	+0.0100%	4h	0.08759	−0.011%	$4.7M	$2.2M	25x
Variational Omni BEAT	+0.0100%	4h	0.08766	+0.069%	$34K	$588	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08782	+0.251%	$1K	$1.4M	20x	as long as short
HTX BEAT-USDT	+0.0293%	4h	0.08823	+0.719%	$121K	$67K	20x	as long as short
OKX BEAT-USDT-SWAP	+0.0351%	4h	0.08770	+0.114%	$4.1M	$10.8M	10x	as long as short
edgeX BEATUSDC	+0.0439%	4h	0.08766	+0.068%	$4K	$164K	10x	as long as short
MEXC BEAT_USDT	+0.0446%	4h	0.08760	0.000%	$5.7M	$2.6M	100x	as long as short
Binance BEATUSDT	+0.0447%	4h	0.08766	+0.067%	$8.1M	$11.5M	10x	as long as short
Extended BEAT-USD	+0.0448%	1h	0.08759	−0.012%	$5K	$222K	5x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BEAT-USDT	+0.0476%	4h	0.08760	0.000%	—	$7.6M	—	as long as short
KuCoin BEATUSDTM	+0.0494%	4h	0.08758	−0.023%	$2.4M	$1.2M	25x	as long as short
Bitget BEATUSDT	+0.0506%	4h	0.08770	+0.114%	$1.3M	$1.2M	10x	as long as short
Gate BEAT_USDTlong	+0.0640%	8h	0.08760	long leg	$3.3M	$2.0M	20x