Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0024%/8h= +2.6% APRpaid last 24h +0.054%

Price spread now: BloFin against Gate+0.333%7-day average +0.232% · you sell dearer than you buy

Net, funding: paid 7d − costs−$96as in the Funding arb table

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

costs, in and out, $10k−$1161.159% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.203%+$20 on $10k

Price spread, last 4 days (all we have)+0.819%+$82 · spread now +0.333%, 7d avg +0.232%

Together, before fees+1.022%+$102 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 BloFin is 0.101% dearer against Gate than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.232%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BEAT_USDT	0.09010	0.0100	pay 0.0100% / 8h	7h 46m	$3.4M	$2.4M	20x
Short	BloFin BEAT-USDT	0.09040	0.0124	get 0.0062% / 4h	3h 46m	$497K	$42K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.333%Rate

Funding earned: $5.01
Price spread: +0.333% → +0.232%: $10.06
Slippage, 4 orders: −$88.87
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$100.81
Costs to cover: 1.159%
Break-even: 147.9 days

Slippage from Gate: live order book, 1 min ago; BloFin: live order book, 29 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 Gate live order book, 1 min ago	11.10 bp	27.6 bp −$28	104.9 bp −$1,049	doesn't fit	doesn't fit
Sell BloFin live order book, 29 min ago	16.31 bp	29.6 bp −$30	76.2 bp −$762	598.0 bp −$59.8K	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	0.09020	+0.111%	$52K	$33K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.09028	+0.200%	$4.9M	$2.7M	25x	as long as short
Gate BEAT_USDTlong	+0.0100%	8h	0.09010	long leg	$3.4M	$2.4M	20x
Variational Omni BEAT	+0.0100%	4h	0.08990	−0.222%	$34K	$179	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.09045	+0.388%	$2K	$1.8M	20x	as long as short
MEXC BEAT_USDT	+0.0102%	4h	0.09020	+0.111%	$6.1M	$3.0M	100x	as long as short
Binance BEATUSDT	+0.0102%	4h	0.09035	+0.279%	$8.2M	$14.5M	10x	as long as short
Extended BEAT-USD	+0.0104%	1h	0.09028	+0.195%	$8K	$291K	5x	as long as short
edgeX BEATUSDC	+0.0105%	4h	0.09002	−0.084%	$4K	$167K	10x	as long as short
BloFin BEAT-USDTshort	+0.0124%	4h	0.09040	+0.333%	$497K	$42K	10x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget BEATUSDT	+0.0180%	4h	0.09030	+0.222%	$1.4M	$1.6M	10x	as long as short
BingX BEAT-USDT	+0.0242%	4h	0.09030	+0.222%	—	$7.7M	—	as long as short
OKX BEAT-USDT-SWAP	+0.0247%	4h	0.09029	+0.211%	$4.3M	$14.2M	10x	as long as short
KuCoin BEATUSDTM	+0.0270%	4h	0.09021	+0.122%	$2.3M	$1.4M	25x	as long as short
HTX BEAT-USDT	+0.0317%	4h	0.09023	+0.144%	$127K	$63K	20x	as long as short