Funding arb · Price arb /

HOLO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Gate+0.077%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$118as in the Price arb table

costs, in and out, $10k−$1291.285% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 4 days (all we have)+0.015%+$2 · spread now +0.077%, 7d avg −0.030%

Together, before fees+0.098%+$10 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 0.107% dearer against Gate than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate HOLO_USDT	0.06504	0.0100	pay 0.0050% / 4h	40m 41s	$235K	$81K	50x
Short	BingX HOLO-USDT	0.06509	0.0100	get 0.0050% / 4h	40m 41s	—	$6.6M	—

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 +0.077%Rate

Funding earned: $0
Price spread: +0.077% → −0.030%: $10.67
Slippage, 4 orders: −$103.52
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$117.86
Costs to cover: 1.285%
Break-even: never at this rate

Slippage from Gate: live order book, 11 min ago; BingX: live order book, 11 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, 11 min ago	10.77 bp	38.7 bp −$39	117.4 bp −$1,174	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	7.70 bp	32.6 bp −$33	89.6 bp −$896	895.9 bp −$89.6K	1248.2 bp −$624.1K

HOLO on 10 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
KuCoin HOLOUSDTM	−0.0230%	4h	0.06499	−0.077%	$168K	$137K	30x	as long as short
Aster HOLOUSDT	+0.0100%	4h	0.06504	+0.002%	$15K	$5K	5x	as long as short
Binance HOLOUSDT	+0.0100%	4h	0.06516	+0.185%	$2.5M	$2.5M	50x	as long as short
Bybit HOLOUSDT	+0.0100%	4h	0.06508	+0.062%	$1.6M	$683K	25x	as long as short
Gate HOLO_USDTlong	+0.0100%	4h	0.06504	long leg	$235K	$81K	50x
MEXC HOLO_USDT	+0.0100%	4h	0.06517	+0.200%	$566K	$183K	50x	as long as short
Bitget HOLOUSDT	+0.0100%	4h	0.06518	+0.215%	$610K	$226K	20x	as long as short
BingX HOLO-USDTshort	+0.0100%	4h	0.06509	+0.077%	—	$6.6M	—
Variational Omni HOLO	+0.0100%	4h	0.06489	−0.226%	$4K	$99	—	as long as short
BloFin HOLO-USDT	+0.0125%	4h	0.06507	+0.046%	$163K	$27K	50x	as long as short