Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0130%/8h= −14.3% APRpaid last 24h +0.013%

Price spread now: OKX against Gate+0.183%7-day average +0.187% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$76as in the Price arb table

costs, in and out, $10k−$760.756% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.236%+$24 on $10k

Price spread, last 4 days (all we have)+0.047%+$5 · spread now +0.183%, 7d avg +0.187%

Together, before fees+0.283%+$28 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.187%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.236%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BEAT_USDT	0.08760	0.0611	pay 0.0611% / 8h	5h 58m	$3.3M	$2.0M	20x
Short	OKX BEAT-USDT-SWAP	0.08776	0.0481	get 0.0240% / 4h	1h 58m	$4.1M	$10.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.183%Rate

Funding earned: −$27.39
Price spread: +0.183% → +0.187%: −$0.46
Slippage, 4 orders: −$50.61
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$103.46
Costs to cover: 0.756%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; OKX: 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, 5 min ago	11.36 bp	24.0 bp −$24	117.8 bp −$1,178	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	0.57 bp	17.9 bp −$18	104.2 bp −$1,042	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	0.08763	+0.030%	$49K	$33K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08770	+0.114%	$4.7M	$2.2M	25x	as long as short
Variational Omni BEAT	+0.0100%	4h	0.08763	+0.034%	$34K	$588	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08784	+0.274%	$2K	$1.4M	20x	as long as short
HTX BEAT-USDT	+0.0217%	4h	0.08805	+0.514%	$121K	$67K	20x	as long as short
KuCoin BEATUSDTM	+0.0426%	4h	0.08768	+0.091%	$2.4M	$1.2M	25x	as long as short
Extended BEAT-USD	+0.0456%	1h	0.08774	+0.160%	$5K	$224K	5x	as long as short
MEXC BEAT_USDT	+0.0458%	4h	0.08770	+0.114%	$5.8M	$2.5M	100x	as long as short
Binance BEATUSDT	+0.0459%	4h	0.08779	+0.214%	$8.1M	$11.5M	10x	as long as short
edgeX BEATUSDC	+0.0476%	4h	0.08777	+0.191%	$4K	$166K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX BEAT-USDT-SWAPshort	+0.0481%	4h	0.08776	+0.183%	$4.1M	$10.9M	10x
BingX BEAT-USDT	+0.0516%	4h	0.08770	+0.114%	—	$7.6M	—	as long as short
Bitget BEATUSDT	+0.0532%	4h	0.08770	+0.114%	$1.3M	$1.2M	10x	as long as short
Gate BEAT_USDTlong	+0.0611%	8h	0.08760	long leg	$3.3M	$2.0M	20x