Funding arb · Price arb /

BEAT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0298%/8h= +32.6% APRpaid last 24h −0.063%

Price spread now: Gate against HTX−0.366%50s7-day average −0.431% · you buy dearer than you sell

Net, funding: paid 7d − costs−$187as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1591.595% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.274%−$27 on $10k

Price spread, last 4 days (all we have)−1.028%−$103 · spread now −0.366%, 7d avg −0.431%

Together, before fees−1.302%−$130 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Gate is 0.065% dearer against HTX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.431%. Mind the row above: over the last 7 days funding on this pair cost −0.274%, so the current rate has only just turned in your favour. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BEAT-USDT	0.08752	0.0218	pay 0.0109% / 4h	1h 38m	$120K	$67K	20x
Short	Gate BEAT_USDT	0.08720	0.0516	get 0.0516% / 8h	5h 38m	$3.2M	$2.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against HTX. 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 HTXbpFee GatebpOrdersPrice spread, now −0.366%Rate

Funding earned: $62.5
Price spread: −0.366% → −0.431%: $6.49
Slippage, 4 orders: −$132.48
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$90.49
Costs to cover: 1.595%
Break-even: 17.1 days

Slippage from HTX: live order book, 23 min ago; Gate: live order book, 5 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 HTX live order book, 23 min ago	24.38 bp	38.7 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	5.69 bp	24.3 bp −$24	194.1 bp −$1,941	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	0.08722	−0.341%	$48K	$33K	10x	as long as short
Bybit BEATUSDT	+0.0100%	4h	0.08728	−0.274%	$4.7M	$2.2M	25x	as long as short
Variational Omni BEAT	+0.0100%	4h	0.08739	−0.145%	$34K	$588	—	as long as short
SunX BEAT-USDT	+0.0100%	4h	0.08745	−0.080%	$1K	$1.4M	20x	as long as short
HTX BEAT-USDTlong	+0.0218%	4h	0.08752	long leg	$120K	$67K	20x
KuCoin BEATUSDTM	+0.0334%	4h	0.08722	−0.343%	$2.4M	$1.2M	25x	as long as short
Extended BEAT-USD	+0.0448%	1h	0.08730	−0.249%	$4K	$226K	5x	as long as short
MEXC BEAT_USDT	+0.0448%	4h	0.08720	−0.366%	$5.7M	$2.5M	100x	as long as short
Binance BEATUSDT	+0.0449%	4h	0.08733	−0.221%	$8.1M	$11.6M	10x	as long as short
BloFin BEAT-USDT	+0.0457%	4h	0.08740	−0.137%	$485K	$41K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX BEATUSDC	+0.0459%	4h	0.08749	−0.033%	$4K	$165K	10x	as long as short
Gate BEAT_USDTshort	+0.0516%	8h	0.08720	−0.366%	$3.2M	$2.1M	20x
Bitget BEATUSDT	+0.0520%	4h	0.08720	−0.366%	$1.3M	$1.2M	10x	as long as short
BingX BEAT-USDT	+0.0526%	4h	0.08730	−0.251%	—	$7.6M	—	as long as short
OKX BEAT-USDT-SWAP	+0.0568%	4h	0.08736	−0.183%	$4.0M	$10.9M	10x	as long as short