Funding arb · Price arb /

PLUME

all PLUME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against Gate+0.060%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$233as in the Funding arb table

Net, price: spread back to 7d avg − costs−$231as in the Price arb table

costs, in and out, $10k−$2372.365% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$3 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.060%, 7d avg +0.004%

Together, before fees+0.011%+$1 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 0.056% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PLUME_USDT	0.01491	0.0100	pay 0.0100% / 8h	6h 03m	$709K	$305K	50x
Short	BingX PLUME-USDT	0.01492	0.0100	get 0.0050% / 4h	2h 03m	—	$7.6M	—

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 +0.060%Rate

Funding earned: $0
Price spread: +0.060% → +0.004%: $5.6
Slippage, 4 orders: −$211.54
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$230.94
Costs to cover: 2.365%
Break-even: never at this rate

Slippage from Gate: live order book, 63 min ago; BingX: 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 Gate live order book, 63 min ago	6.28 bp	120.6 bp −$121	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 4 min ago	6.73 bp	22.0 bp −$22	70.6 bp −$706	509.9 bp −$51.0K	969.7 bp −$484.8K

PLUME 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
Aster PLUMEUSDT	+0.0100%	4h	0.01492	+0.030%	$6K	$25K	5x	as long as short
Binance PLUMEUSDT	+0.0100%	4h	0.01491	−0.038%	$5.5M	$7.0M	75x	as long as short
Bybit PLUMEUSDT	+0.0100%	4h	0.01491	+0.027%	$3.5M	$3.0M	50x	as long as short
OKX PLUME-USDT-SWAP	+0.0100%	4h	0.01493	+0.127%	$573K	$1.1M	20x	as long as short
Gate PLUME_USDTlong	+0.0100%	8h	0.01491	long leg	$709K	$305K	50x
MEXC PLUME_USDT	+0.0100%	4h	0.01491	−0.007%	$1.2M	$317K	100x	as long as short
KuCoin PLUMEUSDTM	+0.0100%	4h	0.01491	−0.007%	$1.0M	$1.0M	30x	as long as short
Bitget PLUMEUSDT	+0.0100%	4h	0.01492	+0.060%	$1.2M	$667K	25x	as long as short
BingX PLUME-USDTshort	+0.0100%	4h	0.01492	+0.060%	—	$7.6M	—
Variational Omni PLUME	+0.0100%	4h	0.01488	−0.192%	$43K	$11K	—	as long as short