Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0254%/8h= −27.9% APRpaid last 24h −0.081%

Price spread now: Gate against Binance−0.342%7-day average −0.180% · you buy dearer than you sell

Net, funding: paid 7d − costs−$109as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$900.900% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.192%−$19 on $10k

Price spread, last 3 days (all we have)+0.184%+$18 · spread now −0.342%, 7d avg −0.180%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Gate is 0.163% cheaper against Binance than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.180%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BEATUSDT	0.08760	0.0354	pay 0.0177% / 4h	2h 26m	$8.2M	$10.5M	10x
Short	Gate BEAT_USDT	0.08730	0.0100	get 0.0100% / 8h	2h 26m	$3.3M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now −0.342%Rate

Funding earned: −$53.41
Price spread: −0.342% → −0.180%: −$16.29
Slippage, 4 orders: −$65.03
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$159.73
Costs to cover: 0.900%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Gate: live order book, 2 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 Binance live order book, 14 min ago	5.75 bp	14.2 bp −$14	103.1 bp −$1,031	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	5.72 bp	24.6 bp −$25	188.8 bp −$1,888	doesn't fit	doesn't fit

BEAT 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
Aster BEATUSDT	+0.0100%	4h	0.08736	−0.279%	$48K	$31K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08753	−0.080%	$4.7M	$2.1M	25x	as long as short
Gate BEAT_USDTshort	+0.0100%	8h	0.08730	−0.342%	$3.3M	$2.0M	20x
Variational Omni BEAT	+0.0100%	4h	0.08704	−0.638%	$33K	$587	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08769	+0.103%	$1K	$1.3M	20x	as long as short
OKX BEAT-USDT-SWAP	+0.0146%	4h	0.08762	+0.023%	$4.2M	$9.8M	10x	as long as short
Bitget BEATUSDT	+0.0216%	4h	0.08770	+0.114%	$1.3M	$1.1M	10x	as long as short
HTX BEAT-USDT	+0.0255%	4h	0.08793	+0.377%	$121K	$66K	20x	as long as short
BloFin BEAT-USDT	+0.0297%	4h	0.08740	−0.228%	$494K	$50K	10x	as long as short
BingX BEAT-USDT	+0.0340%	4h	0.08760	0.000%	—	$7.6M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX BEATUSDC	+0.0345%	4h	0.08714	−0.528%	$4K	$166K	10x	as long as short
Extended BEAT-USD	+0.0352%	1h	0.08759	−0.011%	$5K	$221K	5x	as long as short
MEXC BEAT_USDT	+0.0354%	4h	0.08750	−0.114%	$5.9M	$2.4M	100x	as long as short
Binance BEATUSDTlong	+0.0354%	4h	0.08760	long leg	$8.2M	$10.5M	10x
KuCoin BEATUSDTM	+0.0836%	4h	0.08753	−0.080%	$2.5M	$1.1M	25x	as long as short