Funding arb · Price arb /

NOT

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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: Binance against Gate+0.060%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1371.366% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.060%, 7d avg −0.009%

Together, before fees−0.095%−$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: Binance is 0.068% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate NOT_USDT	0.0005037	0.0100	pay 0.0050% / 4h	2h 54m	$139K	$73K	50x
Short	Binance NOTUSDT	0.0005040	0.0100	get 0.0050% / 4h	2h 54m	$2.1M	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.060%Rate

Funding earned: $0
Price spread: +0.060% → −0.009%: $6.82
Slippage, 4 orders: −$111.63
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$129.81
Costs to cover: 1.366%
Break-even: never at this rate

Slippage from Gate: live order book, 51 min ago; Binance: 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, 51 min ago	10.83 bp	45.5 bp −$45	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	2.98 bp	22.4 bp −$22	107.5 bp −$1,075	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	−0.0227%	4h	0.0005041	+0.072%	$72K	$38K	—	as long as short
KuCoin NOTUSDTM	−0.0202%	4h	0.0005032	−0.099%	$476K	$133K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.236%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005047	+0.191%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005040	+0.060%	$355K	$58K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005043	+0.127%	$14K	$9K	5x	as long as short
Binance NOTUSDTshort	+0.0100%	4h	0.0005040	+0.060%	$2.1M	$3.1M	50x
Bybit NOTUSDT	+0.0100%	4h	0.0005033	−0.079%	$2.1M	$871K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005041	+0.079%	$642K	$690K	20x	as long as short
Gate NOT_USDTlong	+0.0100%	4h	0.0005037	long leg	$139K	$73K	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005038	+0.020%	$1.3M	$443K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005041	+0.079%	$661K	$462K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005041	+0.079%	—	$8.5M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005040	+0.059%	$4K	—	5x	as long as short
BloFin NOT-USDT	+0.0126%	4h	0.0005019	−0.357%	$111K	$18K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1673%	1h	0.0005060	+0.459%	$49K	$9K	10x	as long as short