Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against OKX−0.203%7-day average −0.068% · you buy dearer than you sell

Net, funding: paid 7d − costs−$425as in the Funding arb table

Net, price: spread back to 7d avg − costs−$432as in the Price arb table

costs, in and out, $10k−$4184.182% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 7 days+0.160%+$16 · spread now −0.203%, 7d avg −0.068%

Together, before fees+0.088%+$9 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 0.135% cheaper against OKX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.068%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX H-USDT-SWAP	0.06910	0.0100	pay 0.0050% / 4h	1h 14m	$1.7M	$5.8M	10x
Short	Gate H_USDT	0.06896	0.0100	get 0.0050% / 4h	1h 14m	$2.8M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.203%Rate

Funding earned: $0
Price spread: −0.203% → −0.068%: −$13.45
Slippage, 4 orders: −$393.18
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$431.63
Costs to cover: 4.182%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Gate: live order book, 3 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 OKX live order book, 3 min ago	5.07 bp	23.7 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	5.80 bp	257.7 bp −$258	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	−9.551%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0063%	4h	0.06902	−0.116%	$587K	$115K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06909	−0.014%	$114K	$53K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06910	+0.003%	$14.8M	$10.6M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06896	−0.203%	$7.5M	$4.6M	13x	as long as short
OKX H-USDT-SWAPlong	+0.0100%	4h	0.06910	long leg	$1.7M	$5.8M	10x
Gate H_USDTshort	+0.0100%	4h	0.06896	−0.203%	$2.8M	$1.9M	10x
MEXC H_USDT	+0.0100%	4h	0.06909	−0.014%	$6.2M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06906	−0.058%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06896	−0.203%	$1.7M	$451K	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-USDT	+0.0100%	4h	0.06907	−0.043%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06895	−0.215%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06915	+0.072%	$1.1M	$437K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06909	−0.016%	$11K	$107K	5x	as long as short