Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0210%/8h= −23.0% APRpaid last 24h −0.095%

Price spread now: Gate against BingX−0.112%7-day average −0.149% · you buy dearer than you sell

Net, funding: paid 7d − costs−$123as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$850.853% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.381%−$38 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now −0.112%, 7d avg −0.149%

Together, before fees−0.440%−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.037% dearer against BingX than usual: you sell high and buy low (spread −0.112% now, against its 7-day average of −0.149%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 14 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BEAT-USDT	0.08920	0.0528	pay 0.0264% / 4h	2h 19m	—	$7.6M	—
Short	Gate BEAT_USDT	0.08910	0.0318	get 0.0318% / 8h	2h 19m	$3.3M	$2.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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 BingXbpFee GatebpOrdersPrice spread, now −0.112%Rate

Funding earned: −$44.1
Price spread: −0.112% → −0.149%: $3.73
Slippage, 4 orders: −$60.33
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$125.69
Costs to cover: 0.853%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Gate: live order book, 4 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 BingX live order book, 4 min ago	11.22 bp	16.2 bp −$16	33.7 bp −$337	269.8 bp −$27.0K	doesn't fit
Sell Gate live order book, 4 min ago	5.61 bp	23.6 bp −$24	124.0 bp −$1,240	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	0.08927	+0.084%	$50K	$31K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08918	−0.022%	$4.8M	$2.4M	25x	as long as short
Variational Omni BEAT	+0.0100%	4h	0.08899	−0.230%	$34K	$588	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08934	+0.157%	$2K	$1.6M	20x	as long as short
Bitget BEATUSDT	+0.0186%	4h	0.08920	0.000%	$1.3M	$1.4M	10x	as long as short
Gate BEAT_USDTshort	+0.0318%	8h	0.08910	−0.112%	$3.3M	$2.3M	20x
edgeX BEATUSDC	+0.0355%	4h	0.08911	−0.097%	$4K	$166K	10x	as long as short
MEXC BEAT_USDT	+0.0358%	4h	0.08920	0.000%	$6.0M	$2.6M	100x	as long as short
HTX BEAT-USDT	+0.0358%	4h	0.08947	+0.303%	$123K	$63K	20x	as long as short
Extended BEAT-USD	+0.0360%	1h	0.08923	+0.034%	$7K	$205K	5x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin BEAT-USDT	+0.0361%	4h	0.08920	0.000%	$484K	$42K	10x	as long as short
Binance BEATUSDT	+0.0363%	4h	0.08926	+0.067%	$8.1M	$13.1M	10x	as long as short
KuCoin BEATUSDTM	+0.0374%	4h	0.08921	+0.011%	$2.3M	$1.3M	25x	as long as short
BingX BEAT-USDTlong	+0.0528%	4h	0.08920	long leg	—	$7.6M	—
OKX BEAT-USDT-SWAP	+0.0558%	4h	0.08925	+0.056%	$4.2M	$12.4M	10x	as long as short