Funding arb · Price arb /

SPACE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.032%

Price spread now: Gate against OKX+0.116%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$199as in the Funding arb table

Net, price: spread back to 7d avg − costs−$240as in the Price arb table

costs, in and out, $10k−$2472.468% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.475%+$48 on $10k

Price spread, last 4 days (all we have)+0.249%+$25 · spread now +0.116%, 7d avg +0.043%

Together, before fees+0.725%+$72 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 0.073% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX SPACE-USDT-SWAP	0.005169	0.0100	pay 0.0050% / 4h	3h 48m	$1.6M	$1.3M	20x
Short	Gate SPACE_USDT	0.005175	0.0100	get 0.0050% / 4h	3h 48m	$777K	$319K	20x

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 +0.116%Rate

Funding earned: $0
Price spread: +0.116% → +0.043%: $7.31
Slippage, 4 orders: −$221.85
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$239.54
Costs to cover: 2.468%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Gate: live order book, 48 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, 4 min ago	2.90 bp	41.1 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 48 min ago	11.61 bp	44.3 bp −$44	doesn't fit	doesn't fit	doesn't fit

SPACE on 9 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
Binance SPACEUSDT	+0.0100%	4h	0.005187	+0.348%	$1.8M	$2.3M	50x	as long as short
OKX SPACE-USDT-SWAPlong	+0.0100%	4h	0.005169	long leg	$1.6M	$1.3M	20x
Gate SPACE_USDTshort	+0.0100%	4h	0.005175	+0.116%	$777K	$319K	20x
MEXC SPACE_USDT	+0.0100%	4h	0.005187	+0.348%	$474K	$167K	20x	as long as short
Bitget SPACEUSDT	+0.0100%	4h	0.005175	+0.116%	$907K	$275K	20x	as long as short
BloFin SPACE-USDT	+0.0104%	4h	0.005183	+0.271%	$162K	$12K	50x	as long as short
KuCoin SPACEUSDTM	+0.0208%	4h	0.005180	+0.213%	$665K	$98K	20x	as long as short
Bybit SPACEUSDT	+0.0526%	4h	0.005174	+0.097%	$806K	$186K	13x	as long as short
Aster SPACEUSDT	+0.1402%	4h	0.005181	+0.232%	$17K	$37K	5x	as long as short