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: BingX against Gate+0.015%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$244as in the Funding arb table

Net, price: spread back to 7d avg − costs−$271as in the Price arb table

costs, in and out, $10k−$2682.685% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.245%+$25 on $10k

Price spread, last 7 days−0.007%−$1 · spread now +0.015%, 7d avg +0.041%

Together, before fees+0.239%+$24 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: BingX is 0.027% cheaper against Gate than usual: you would sell low and buy high, −$3 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	Gate H_USDT	0.06765	0.0100	pay 0.0050% / 4h	3h 49m	$2.8M	$1.8M	10x
Short	BingX H-USDT	0.06766	0.0100	get 0.0050% / 4h	3h 49m	—	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → +0.041%: −$2.66
Slippage, 4 orders: −$243.46
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$271.13
Costs to cover: 2.685%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; BingX: live order book, 10 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	6.64 bp	98.8 bp −$99	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	0.75 bp	19.8 bp −$20	87.0 bp −$870	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	−7.613%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0065%	4h	0.06781	+0.237%	$580K	$110K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06769	+0.059%	$111K	$54K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06766	+0.017%	$14.5M	$11.1M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06761	−0.059%	$7.5M	$4.9M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06770	+0.074%	$1.8M	$6.2M	10x	as long as short
Gate H_USDTlong	+0.0100%	4h	0.06765	long leg	$2.8M	$1.8M	10x
MEXC H_USDT	+0.0100%	4h	0.06770	+0.074%	$6.0M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06773	+0.118%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06764	−0.015%	$1.7M	$448K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDTshort	+0.0100%	4h	0.06766	+0.015%	—	$2.7M	—
Variational Omni H	+0.0100%	4h	0.06771	+0.093%	$8K	$9K	—	as long as short
Extended H-USD	+0.0104%	1h	0.06768	+0.042%	$9K	$101K	5x	as long as short
GRVT H_USDT_Perp	+0.0570%	4h	0.06795	+0.443%	$1.1M	$436K	10x	as long as short