Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0026%/8h= +2.8% APRpaid last 24h −0.039%

Price spread now: Gate against Bitget−0.114%7-day average −0.201% · you buy dearer than you sell

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$1061.065% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.156%−$16 on $10k

Price spread, last 4 days (all we have)−0.115%−$12 · spread now −0.114%, 7d avg −0.201%

Together, before fees−0.272%−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Gate is 0.087% dearer against Bitget than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.201%. Mind the row above: over the last 7 days funding on this pair cost −0.156%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BEATUSDT	0.08760	0.0428	pay 0.0214% / 4h	51m 34s	$1.3M	$1.2M	10x
Short	Gate BEAT_USDT	0.08750	0.0454	get 0.0454% / 8h	4h 51m	$3.3M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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 BitgetbpFee GatebpOrdersPrice spread, now −0.114%Rate

Funding earned: $5.46
Price spread: −0.114% → −0.201%: $8.68
Slippage, 4 orders: −$79.49
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$92.35
Costs to cover: 1.065%
Break-even: 125.4 days

Slippage from Bitget: live order book, 5 min ago; Gate: live order book, 1 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 Bitget live order book, 5 min ago	5.69 bp	31.5 bp −$32	109.1 bp −$1,091	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	11.43 bp	22.7 bp −$23	197.2 bp −$1,972	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	0.08749	−0.130%	$49K	$34K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08751	−0.103%	$4.7M	$2.3M	25x	as long as short
Variational Omni BEAT	+0.0100%	4h	0.08769	+0.098%	$34K	$588	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08765	+0.057%	$2K	$1.5M	20x	as long as short
HTX BEAT-USDT	+0.0215%	4h	0.08775	+0.171%	$120K	$67K	20x	as long as short
KuCoin BEATUSDTM	+0.0236%	4h	0.08750	−0.114%	$2.3M	$1.2M	25x	as long as short
BloFin BEAT-USDT	+0.0416%	4h	0.08790	+0.342%	$483K	$40K	10x	as long as short
Bitget BEATUSDTlong	+0.0428%	4h	0.08760	long leg	$1.3M	$1.2M	10x
Binance BEATUSDT	+0.0430%	4h	0.08757	−0.039%	$8.0M	$11.8M	10x	as long as short
MEXC BEAT_USDT	+0.0438%	4h	0.08750	−0.114%	$5.8M	$2.5M	100x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended BEAT-USD	+0.0440%	1h	0.08748	−0.140%	$7K	$226K	5x	as long as short
edgeX BEATUSDC	+0.0444%	4h	0.08768	+0.090%	$4K	$165K	10x	as long as short
Gate BEAT_USDTshort	+0.0454%	8h	0.08750	−0.114%	$3.3M	$2.1M	20x
BingX BEAT-USDT	+0.0664%	4h	0.08750	−0.114%	—	$7.6M	—	as long as short
OKX BEAT-USDT-SWAP	+0.0698%	4h	0.08760	0.000%	$4.0M	$11.1M	10x	as long as short