Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against BingX+0.103%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$292as in the Funding arb table

Net, price: spread back to 7d avg − costs−$252as in the Price arb table

costs, in and out, $10k−$2672.665% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.252%−$25 on $10k

Price spread, last 7 days−0.105%−$11 · spread now +0.103%, 7d avg −0.041%

Together, before fees−0.357%−$36 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.145% dearer against BingX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX H-USDT	0.06764	0.0100	pay 0.0050% / 4h	3h 54m	—	$2.7M	—
Short	Gate H_USDT	0.06771	0.0100	get 0.0050% / 4h	3h 54m	$2.8M	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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 BingXbpFee GatebpOrdersPrice spread, now +0.103%Rate

Funding earned: $0
Price spread: +0.103% → −0.041%: $14.47
Slippage, 4 orders: −$241.51
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$252.04
Costs to cover: 2.665%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; Gate: live order book, 4 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 BingX live order book, 5 min ago	0.75 bp	13.1 bp −$13	104.9 bp −$1,049	1040.2 bp −$104.0K	doesn't fit
Sell Gate live order book, 4 min ago	6.72 bp	126.1 bp −$126	doesn't fit	doesn't fit	doesn't fit

H 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−7.599%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06755	−0.137%	$110K	$54K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06800	+0.532%	$14.6M	$11.1M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06786	+0.319%	$7.5M	$4.9M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06793	+0.429%	$1.8M	$6.2M	10x	as long as short
Gate H_USDTshort	+0.0100%	4h	0.06771	+0.103%	$2.8M	$1.8M	10x
MEXC H_USDT	+0.0100%	4h	0.06780	+0.237%	$6.0M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06771	+0.103%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06786	+0.325%	$1.7M	$446K	4x	as long as short
BingX H-USDTlong	+0.0100%	4h	0.06764	long leg	—	$2.7M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06709	−0.808%	$7K	$9K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06711	−0.780%	$1.1M	$423K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06790	+0.386%	$9K	$101K	5x	as long as short
BloFin H-USDT	+0.0135%	4h	0.06752	−0.177%	$586K	$110K	25x	as long as short