Funding arb · Price arb /

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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: OKX against Gate+0.044%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$121as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1191.194% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 4 days (all we have)−0.548%−$55 · spread now +0.044%, 7d avg −0.033%

Together, before fees−0.562%−$56 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 0.077% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BASED_USDT	0.06781	0.0100	pay 0.0050% / 4h	51m 56s	$532K	$579K	50x
Short	OKX BASED-USDT-SWAP	0.06784	0.0100	get 0.0050% / 4h	51m 56s	$2.7M	$3.8M	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 +0.044%Rate

Funding earned: $0
Price spread: +0.044% → −0.033%: $7.71
Slippage, 4 orders: −$94.41
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$111.69
Costs to cover: 1.194%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; OKX: live order book, just now.

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, 4 min ago	8.81 bp	35.8 bp −$36	6063.3 bp −$60.6K	doesn't fit	doesn't fit
Sell OKX live order book, just now	2.95 bp	22.2 bp −$22	123.1 bp −$1,231	doesn't fit	doesn't fit

BASED 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
BloFin BASED-USDT	+0.0076%	4h	0.06797	+0.236%	$260K	$47K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06787	+0.095%	$29K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06792	+0.162%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06773	−0.118%	$2.1M	$692K	25x	as long as short
OKX BASED-USDT-SWAPshort	+0.0100%	4h	0.06784	+0.044%	$2.7M	$3.8M	20x
Gate BASED_USDTlong	+0.0100%	4h	0.06781	long leg	$532K	$579K	50x
MEXC BASED_USDT	+0.0100%	4h	0.06789	+0.118%	$4.8M	$591K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06789	+0.118%	$566K	$72K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06794	+0.192%	$1.3M	$360K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06781	0.000%	—	$1.7M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06809	+0.411%	$94K	$15K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06809	+0.406%	$94K	$380K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06780	−0.015%	$1K	$886K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06787	+0.082%	$3K	$200K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0233%	4h	0.06785	+0.059%	$3K	$664	10x	as long as short