Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: OKX against Gate+0.143%7-day average +0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$669as in the Funding arb table

Net, price: spread back to 7d avg − costs−$669as in the Price arb table

costs, in and out, $10k−$6776.766% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 7 days−0.123%−$12 · spread now +0.143%, 7d avg +0.069%

Together, before fees−0.050%−$5 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: OKX is 0.074% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.069%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate H_USDT	0.06979	0.0100	pay 0.0050% / 4h	25m 46s	$2.9M	$1.9M	10x
Short	OKX H-USDT-SWAP	0.06989	0.0100	get 0.0050% / 4h	25m 46s	$1.7M	$5.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.143%Rate

Funding earned: $0
Price spread: +0.143% → +0.069%: $7.39
Slippage, 4 orders: −$651.57
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$669.18
Costs to cover: 6.766%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago	9.34 bp	231.7 bp −$232	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	3.58 bp	21.7 bp −$22	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	−10.446%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06984	+0.075%	$115K	$53K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06984	+0.077%	$15.0M	$10.5M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06977	−0.034%	$7.6M	$4.6M	13x	as long as short
OKX H-USDT-SWAPshort	+0.0100%	4h	0.06989	+0.143%	$1.7M	$5.9M	10x
Gate H_USDTlong	+0.0100%	4h	0.06979	long leg	$2.9M	$1.9M	10x
MEXC H_USDT	+0.0100%	4h	0.06983	+0.057%	$6.3M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06976	−0.043%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06967	−0.172%	$1.7M	$451K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06987	+0.115%	—	$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	0.06978	−0.011%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06991	+0.172%	$1.2M	$438K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06982	+0.046%	$11K	$107K	5x	as long as short
BloFin H-USDT	+0.0134%	4h	0.06971	−0.115%	$592K	$116K	25x	as long as short