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 OKX−0.234%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$289as in the Funding arb table

Net, price: spread back to 7d avg − costs−$301as in the Price arb table

costs, in and out, $10k−$2852.847% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.048%−$5 on $10k

Price spread, last 7 days+0.183%+$18 · spread now −0.234%, 7d avg −0.071%

Together, before fees+0.135%+$13 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 0.163% cheaper against OKX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX H-USDT-SWAP	0.06828	0.0100	pay 0.0050% / 4h	2h 04m	$1.8M	$6.0M	10x
Short	Gate H_USDT	0.06812	0.0100	get 0.0050% / 4h	2h 04m	$2.8M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.234%Rate

Funding earned: $0
Price spread: −0.234% → −0.071%: −$16.3
Slippage, 4 orders: −$259.66
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$300.96
Costs to cover: 2.847%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Gate: live order book, 4 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 OKX live order book, 4 min ago	1.47 bp	27.1 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	5.15 bp	149.1 bp −$149	doesn't fit	doesn't fit	doesn't fit

H on 13 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	−8.465%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06822	−0.086%	$112K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06826	−0.035%	$14.6M	$10.9M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06812	−0.233%	$7.4M	$4.7M	13x	as long as short
OKX H-USDT-SWAPlong	+0.0100%	4h	0.06828	long leg	$1.8M	$6.0M	10x
Gate H_USDTshort	+0.0100%	4h	0.06812	−0.234%	$2.8M	$1.9M	10x
MEXC H_USDT	+0.0100%	4h	0.06822	−0.088%	$6.1M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06817	−0.161%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06798	−0.439%	$1.7M	$451K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06822	−0.088%	—	$2.7M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06805	−0.332%	$8K	$9K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06821	−0.104%	$1.1M	$437K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06822	−0.087%	$9K	$102K	5x	as long as short