Funding arb · Price arb /

STABLE

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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: Gate against OKX0.000%7-day average −0.053% · you sell dearer than you buy

Net, funding: paid 7d − costs−$295as in the Funding arb table

Net, price: spread back to 7d avg − costs−$327as in the Price arb table

costs, in and out, $10k−$3323.318% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.196%+$20 · spread now 0.000%, 7d avg −0.053%

Together, before fees+0.566%+$57 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 0.053% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX STABLE-USDT-SWAP	0.02483	0.0100	pay 0.0050% / 4h	1h 32m	$199K	$383K	20x
Short	Gate STABLE_USDT	0.02483	0.0100	get 0.0050% / 4h	1h 32m	$173K	$56K	50x

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 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.053%: $5.27
Slippage, 4 orders: −$306.77
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$326.5
Costs to cover: 3.318%
Break-even: never at this rate

Slippage from OKX: live order book, 28 min ago; Gate: live order book, 23 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, 28 min ago	4.01 bp	34.3 bp −$34	1394.0 bp −$13.9K	doesn't fit	doesn't fit
Sell Gate live order book, 23 min ago	4.02 bp	161.4 bp −$161	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
Lighter STABLE	+0.0096%	1h	0.02496	+0.507%	$115K	$6K	3x	as long as short
BloFin STABLE-USDT	+0.0097%	4h	0.02485	+0.081%	$119K	$7K	75x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02484	+0.024%	$874K	$177K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02482	−0.051%	$19K	$8K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02484	+0.025%	$2.6M	$2.8M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02486	+0.117%	$1.5M	$732K	25x	as long as short
OKX STABLE-USDT-SWAPlong	+0.0100%	4h	0.02483	long leg	$199K	$383K	20x
Gate STABLE_USDTshort	+0.0100%	4h	0.02483	0.000%	$173K	$56K	50x
MEXC STABLE_USDT	+0.0100%	4h	0.02483	0.000%	$617K	$167K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02488	+0.201%	$184K	$29K	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	0.02482	−0.040%	$286K	$92K	25x	as long as short
BingX STABLE-USDT	+0.0100%	4h	0.02483	0.000%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02485	+0.061%	$145K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02483	−0.004%	$2K	$824K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02483	−0.003%	$14K	$143K	10x	as long as short