Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0519%/8h= +56.8% APRpaid last 24h 0.000%

Price spread now: Gate against Bybit−0.080%7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs−$163as in the Funding arb table

Net, price: spread back to 7d avg − costs−$160as in the Price arb table

costs, in and out, $10k−$1631.633% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.005%+$1 · spread now −0.080%, 7d avg −0.108%

Together, before fees+0.005%+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Gate is 0.028% dearer against Bybit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.108%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.000% in total (about 0.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BEATUSDT	0.08757	0.0100	pay 0.0050% / 4h	2h 23m	$4.7M	$2.3M	25x
Short	Gate BEAT_USDT	0.08750	0.0619	get 0.0619% / 8h	6h 23m	$3.2M	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now −0.080%Rate

Funding earned: $108.99
Price spread: −0.080% → −0.108%: $2.79
Slippage, 4 orders: −$137.27
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$51.49
Costs to cover: 1.633%
Break-even: 10.3 days

Slippage from Bybit: 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 Bybit live order book, 4 min ago	1.14 bp	56.7 bp −$57	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	11.42 bp	23.4 bp −$23	183.1 bp −$1,831	doesn't fit	doesn't fit

BEAT on 14 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	0.08759	+0.024%	$49K	$33K	10x	as long as short
Bybit BEATUSDTlong	+0.0100%	4h	0.08757	long leg	$4.7M	$2.3M	25x
Variational Omni BEAT	+0.0100%	4h	0.08766	+0.103%	$34K	$588	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08762	+0.057%	$2K	$1.4M	20x	as long as short
HTX BEAT-USDT	+0.0270%	4h	0.08832	+0.856%	$121K	$67K	20x	as long as short
OKX BEAT-USDT-SWAP	+0.0352%	4h	0.08763	+0.069%	$4.1M	$10.8M	10x	as long as short
edgeX BEATUSDC	+0.0439%	4h	0.08766	+0.103%	$4K	$164K	10x	as long as short
MEXC BEAT_USDT	+0.0446%	4h	0.08750	−0.080%	$5.7M	$2.6M	100x	as long as short
Extended BEAT-USD	+0.0448%	1h	0.08756	−0.012%	$5K	$222K	5x	as long as short
Binance BEATUSDT	+0.0450%	4h	0.08761	+0.044%	$8.1M	$11.5M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BEAT-USDT	+0.0476%	4h	0.08760	+0.034%	—	$7.6M	—	as long as short
KuCoin BEATUSDTM	+0.0488%	4h	0.08752	−0.057%	$2.4M	$1.2M	25x	as long as short
Bitget BEATUSDT	+0.0510%	4h	0.08760	+0.034%	$1.3M	$1.2M	10x	as long as short
Gate BEAT_USDTshort	+0.0619%	8h	0.08750	−0.080%	$3.2M	$2.0M	20x