Funding arb · Price arb /

STABLE

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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: OKX against Gate+0.243%7-day average +0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$527as in the Funding arb table

Net, price: spread back to 7d avg − costs−$472as in the Price arb table

costs, in and out, $10k−$4904.901% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.369%−$37 on $10k

Price spread, last 4 days (all we have)−0.321%−$32 · spread now +0.243%, 7d avg +0.057%

Together, before fees−0.691%−$69 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: OKX is 0.185% dearer against Gate than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate STABLE_USDT	0.02470	0.0100	pay 0.0050% / 4h	2h 09m	$171K	$87K	50x
Short	OKX STABLE-USDT-SWAP	0.02476	0.0100	get 0.0050% / 4h	2h 09m	$204K	$418K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.243%Rate

Funding earned: $0
Price spread: +0.243% → +0.057%: $18.55
Slippage, 4 orders: −$465.14
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$471.59
Costs to cover: 4.901%
Break-even: never at this rate

Slippage from Gate: live order book, 6 min ago; OKX: 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, 6 min ago	8.10 bp	211.2 bp −$211	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 11 min ago	10.11 bp	38.5 bp −$38	doesn't fit	doesn't fit	doesn't fit

STABLE on 15 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 STABLEUSDT	−0.0325%	4h	0.02473	+0.129%	$19K	$7K	20x	as long as short
BloFin STABLE-USDT	+0.0094%	4h	0.02470	0.000%	$114K	$8K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02487	+0.704%	$114K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02470	−0.004%	$871K	$234K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02470	−0.003%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02474	+0.146%	$1.5M	$818K	25x	as long as short
OKX STABLE-USDT-SWAPshort	+0.0100%	4h	0.02476	+0.243%	$204K	$418K	20x
Gate STABLE_USDTlong	+0.0100%	4h	0.02470	long leg	$171K	$87K	50x
MEXC STABLE_USDT	+0.0100%	4h	0.02470	0.000%	$659K	$158K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02476	+0.243%	$174K	$27K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDT	+0.0100%	4h	0.02472	+0.081%	$292K	$117K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02472	+0.081%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02474	+0.159%	$145K	$51K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02473	+0.134%	$1K	$649K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02471	+0.027%	$12K	$175K	10x	as long as short