Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Binance+0.088%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1241.241% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%+$1 on $10k

Price spread, last 4 days (all we have)−0.203%−$20 · spread now +0.088%, 7d avg −0.032%

Together, before fees−0.198%−$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.120% dearer against Binance than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CCUSDT	0.1163	0.0100	pay 0.0050% / 4h	50m 06s	$11.0M	$12.1M	75x
Short	Gate CC_USDT	0.1164	0.0100	get 0.0050% / 4h	50m 06s	$361K	$216K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Binance. 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 BinancebpFee GatebpOrdersPrice spread, now +0.088%Rate

Funding earned: $0
Price spread: +0.088% → −0.032%: $12
Slippage, 4 orders: −$99.11
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$112.11
Costs to cover: 1.241%
Break-even: never at this rate

Slippage from Binance: live order book, 5 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 Binance live order book, 5 min ago	2.57 bp	16.1 bp −$16	73.6 bp −$736	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	9.42 bp	49.7 bp −$50	doesn't fit	doesn't fit	doesn't fit

CC on 19 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
Injective CC/USDC PERP	−0.3024%	1h	0.1180	+1.437%	$402	$3K	5.5x	as long as short
Bybit CCUSDT	−0.0159%	4h	0.1164	+0.027%	$10.6M	$3.8M	25x	as long as short
MEXC CC_USDT	−0.0156%	4h	0.1164	+0.027%	$1.7M	$323K	100x	as long as short
Paradex CC-USD-PERP	+0.0097%	8h	0.1166	+0.221%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1166	+0.212%	$5.5M	$1.4M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1167	+0.316%	$34K	$32K	20x	as long as short
Binance CCUSDTlong	+0.0100%	4h	0.1163	long leg	$11.0M	$12.1M	75x
OKX CC-USDT-SWAP	+0.0100%	4h	0.1164	+0.036%	$2.5M	$3.4M	20x	as long as short
Gate CC_USDTshort	+0.0100%	4h	0.1164	+0.088%	$361K	$216K	50x
KuCoin CCUSDTM	+0.0100%	4h	0.1166	+0.217%	$480K	$122K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDT	+0.0100%	4h	0.1164	+0.079%	$911K	$772K	20x	as long as short
BingX CC-USDT	+0.0100%	4h	0.1164	+0.053%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1163	+0.010%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1166	+0.238%	$594K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1167	+0.362%	$81K	$2.4M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1164	+0.023%	$6K	$35K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1166	+0.251%	$596K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0447% / S −0.0241%	1h	0.1165	+0.156%	$43K	—	50x	as long as short
Lighter CC	+0.0856%	1h	0.1171	+0.629%	$242K	$160K	5x	as long as short