Settings8H · net · $10k
Funding arb · Price arb /

ATH

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SwapBacktest
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 +0.003%
Price spread now: Gate against OKX−0.018%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$211as in the Funding arb table
Net, price: spread back to 7d avg − costs−$219as in the Price arb table
costs, in and out, $10k−$2142.143% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.034%+$3 on $10k
Price spread, last 4 days (all we have)+0.936%+$94 · spread now −0.018%, 7d avg +0.029%
Together, before fees+0.971%+$97 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 0.047% cheaper against OKX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ATH-USDT-SWAP0.0054960.0100pay 0.0050% / 4h1h 33m$702K$1.3M20x
ShortGate ATH_USDT0.0054950.0100get 0.0050% / 4h1h 33m$786K$561K30x

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

Funding earned
$0
Price spread: −0.018% → +0.029%
−$4.74
Slippage, 4 orders
−$189.29
Fee OKX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$219.03
Costs to cover
2.143%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; Gate: live order book, 29 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago5.47 bp30.3 bp −$30doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 29 min ago6.38 bp66.4 bp −$66doesn't fitdoesn't fitdoesn't fit

ATH on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ATHUSD−0.3205%1h0.005503+0.130%$19K$106K10xas long as short
Variational Omni ATH−0.0085%4h0.005485−0.192%$184K$93Kas long as short
dYdX ATH-USD0.0000%1h0.005499+0.053%$11K$575xas long as short
Aster ATHUSDT+0.0100%4h0.005510+0.255%$5K$41K5xas long as short
Binance ATHUSDT+0.0100%4h0.005511+0.281%$3.3M$4.1M50xas long as short
Bybit ATHUSDT+0.0100%4h0.005498+0.036%$4.3M$2.5M25xas long as short
OKX ATH-USDT-SWAPlong+0.0100%4h0.005496long leg$702K$1.3M20x
Gate ATH_USDTshort+0.0100%4h0.005495−0.018%$786K$561K30x
MEXC ATH_USDT+0.0100%4h0.005510+0.255%$8.9M$629K50xas long as short
KuCoin ATHUSDTM+0.0100%4h0.005499+0.055%$557K$77K30xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget ATHUSDT+0.0100%4h0.005505+0.164%$1.5M$847K25xas long as short
BingX ATH-USDT+0.0100%4h0.005501+0.091%$21.7Mas long as short
BloFin ATH-USDT+0.0118%4h0.005492−0.073%$168K$72K75xas long as short