Funding arb · Price arb /

H

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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−0.055%7-day average −0.132% · you buy dearer than you sell

Net, funding: paid 7d − costs−$266as in the Funding arb table

Net, price: spread back to 7d avg − costs−$234as in the Price arb table

costs, in and out, $10k−$2412.413% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.251%−$25 on $10k

Price spread, last 7 days−0.041%−$4 · spread now −0.055%, 7d avg −0.132%

Together, before fees−0.292%−$29 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 0.077% dearer against Binance than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.132%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HUSDT	0.06705	0.0100	pay 0.0050% / 4h	1h 36m	$14.4M	$11.1M	10x
Short	Gate H_USDT	0.06701	0.0100	get 0.0050% / 4h	1h 36m	$2.7M	$1.8M	10x

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 −0.055%Rate

Funding earned: $0
Price spread: −0.055% → −0.132%: $7.67
Slippage, 4 orders: −$216.26
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$233.6
Costs to cover: 2.413%
Break-even: never at this rate

Slippage from Binance: live order book, 4 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 Binance live order book, 4 min ago	0.74 bp	26.7 bp −$27	315.9 bp −$3,159	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	8.21 bp	86.2 bp −$86	doesn't fit	doesn't fit	doesn't fit

H 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−6.782%	$1K	$1	5.5x	as long as short
KuCoin HUSDTM	+0.0056%	4h	0.06699	−0.085%	$1.6M	$10.0M	8x	as long as short
Aster HUSDT	+0.0100%	4h	0.06716	+0.164%	$110K	$56K	5x	as long as short
Binance HUSDTlong	+0.0100%	4h	0.06705	long leg	$14.4M	$11.1M	10x
Bybit HUSDT	+0.0100%	4h	0.06691	−0.200%	$7.4M	$4.8M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06706	+0.019%	$1.8M	$6.0M	10x	as long as short
Gate H_USDTshort	+0.0100%	4h	0.06701	−0.055%	$2.7M	$1.8M	10x
MEXC H_USDT	+0.0100%	4h	0.06709	+0.064%	$6.0M	$1.1M	20x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06684	−0.309%	$1.7M	$460K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06704	−0.011%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06708	+0.052%	$7K	$9K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06722	+0.254%	$1.1M	$437K	10x	as long as short
BloFin H-USDT	+0.0103%	4h	0.06705	+0.004%	$580K	$110K	25x	as long as short
Extended H-USD	+0.0104%	1h	0.06707	+0.035%	$10K	$101K	5x	as long as short