Funding arb · Price arb /

ATH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.031%

Price spread now: dYdX against Gate+0.310%7-day average — · you sell dearer than you buy

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

Long on Gate Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.310% dearer against Gate than usual: you sell high and buy low (spread +0.310% now, against zero (this spread has no 7-day history yet)): +$31 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ATH_USDT	0.005456	0.0100	pay 0.0050% / 4h	42m 30s	$779K	$565K	30x
Short	dYdX ATH-USD	0.005473	0	get 0.0000% / 1h	42m 30s	$11K	$57	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.310%Rate

Funding earned: −$21
Price spread: +0.310% → 0.000%: $30.98
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$15.02
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: Gate: live order book, 14 min ago; dYdX: no order-book sample. 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 Gate live order book, 14 min ago	6.37 bp	79.0 bp −$79	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ATH on 13 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
Kraken Futures PF_ATHUSD	−0.2899%	1h	0.005461	+0.095%	$19K	$106K	10x	as long as short
Variational Omni ATH	−0.0097%	4h	0.005455	−0.018%	$183K	$93K	—	as long as short
dYdX ATH-USDshort	0.0000%	1h	0.005473	+0.310%	$11K	$57	5x
Aster ATHUSDT	+0.0100%	4h	0.005465	+0.164%	$5K	$40K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005464	+0.150%	$3.3M	$4.2M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005452	−0.073%	$4.3M	$2.5M	25x	as long as short
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005452	−0.073%	$698K	$1.3M	20x	as long as short
Gate ATH_USDTlong	+0.0100%	4h	0.005456	long leg	$779K	$565K	30x
MEXC ATH_USDT	+0.0100%	4h	0.005465	+0.165%	$8.8M	$629K	50x	as long as short
KuCoin ATHUSDTM	+0.0100%	4h	0.005466	+0.183%	$553K	$76K	30x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDT	+0.0100%	4h	0.005462	+0.110%	$1.5M	$861K	25x	as long as short
BingX ATH-USDT	+0.0100%	4h	0.005461	+0.092%	—	$21.6M	—	as long as short
BloFin ATH-USDT	+0.0150%	4h	0.005477	+0.385%	$167K	$66K	75x	as long as short