Funding arb · Price arb /

BX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h +0.015%

Price spread now: Gate against tradeXYZ+0.150%7-day average +0.100% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 4 days (all we have)−0.126%−$13 · spread now +0.150%, 7d avg +0.100%

Together, before fees−0.078%+ Points / potential airdroptradeXYZ: Active · farm board−$8 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.050% dearer against tradeXYZ than usual: you sell high and buy low (spread +0.150% now, against its 7-day average of +0.100%): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BX	126.32	0.0050	pay 0.0006% / 1h	32m 21s	$664K	$225K	10x
Short	Gate BX_USDT	126.51	0	get 0.0000% / 8h	32m 21s	$422K	$25K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against tradeXYZ. 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 tradeXYZbpFee GatebpOrdersPrice spread, now +0.150%Rate

Funding earned: −$10.5
Price spread: +0.150% → +0.100%: $5.03
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$38.47
Costs to cover: 0.330%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 24 min ago; Gate: live order book, 3 min ago. Net counts fees only.

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 tradeXYZ live order book, 24 min ago	3.17 bp	25.3 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	15.81 bp	87.7 bp −$88	doesn't fit	doesn't fit	doesn't fit

BX on 14 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 BXUSDT	0.0000%	8h	126.31	−0.009%	$5K	$868	20x	as long as short
Binance BXUSDT	0.0000%	8h	126.42	+0.082%	$773K	$482K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.45	+0.103%	$482K	$803K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.46	+0.111%	$163K	$112K	20x	as long as short
QFEX BX-USD	0.0000%	1h	126.91	+0.467%	$1.1M	$1.4M	10x	as long as short
Gate BX_USDTshort	0.0000%	8h	126.51	+0.150%	$422K	$25K	20x
Bitget BXUSDT	0.0000%	8h	126.49	+0.135%	$899K	$27K	20x	as long as short
Variational Omni BX	0.0000%	8h	126.39	+0.052%	$43K	$12K	—	as long as short
SunX BX-USDT	0.0000%	8h	126.42	+0.079%	$297	$289K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.51	+0.150%	$7K	$4K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:BXlong	+0.0050%	1h	126.32	long leg	$664K	$225K	10x
GRVT BX_USDT_Perp	+0.0063%	8h	126.40	+0.061%	$933	$100K	10x	as long as short
KuCoin BXUSDTM	+0.0100%	8h	126.22	−0.079%	$110K	$769K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.832%	$4K	$32K	12x	as long as short