Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against BingX+0.260%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$376as in the Funding arb table

Net, price: spread back to 7d avg − costs−$352as in the Price arb table

costs, in and out, $10k−$3753.748% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 4 days (all we have)−0.255%−$26 · spread now +0.260%, 7d avg +0.029%

Together, before fees−0.271%−$27 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 0.230% dearer against BingX than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX NOT-USDC	0.0005007	0.0100	pay 0.0050% / 4h	1h 35m	—	$732K	—
Short	Gate NOT_USDT	0.0005020	0.0100	get 0.0050% / 4h	1h 35m	$139K	$57K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against BingX. 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 BingXbpFee GatebpOrdersPrice spread, now +0.260%Rate

Funding earned: $0
Price spread: +0.260% → +0.029%: $23.03
Slippage, 4 orders: −$349.84
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$351.81
Costs to cover: 3.748%
Break-even: never at this rate

Slippage from BingX: live order book, 38 min ago; Gate: live order book, 65 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 BingX live order book, 38 min ago	4.98 bp	143.4 bp −$143	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 65 min ago	9.00 bp	51.3 bp −$51	doesn't fit	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	−0.0042%	4h	0.0005005	−0.037%	$71K	$38K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−2.656%	$1K	$13K	5.5x	as long as short
KuCoin NOTUSDTM	+0.0058%	4h	0.0005005	−0.040%	$475K	$136K	50x	as long as short
BloFin NOT-USDT	+0.0078%	4h	0.0005013	+0.120%	$108K	$18K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005018	+0.218%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005010	+0.060%	$337K	$69K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005011	+0.078%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005010	+0.060%	$2.0M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005002	−0.100%	$2.1M	$887K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005010	+0.060%	$637K	$704K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDTshort	+0.0100%	4h	0.0005020	+0.260%	$139K	$57K	50x
MEXC NOT_USDT	+0.0100%	4h	0.0005009	+0.040%	$1.3M	$437K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005015	+0.160%	$670K	$503K	50x	as long as short
BingX NOT-USDClong	+0.0100%	4h	0.0005007	long leg	—	$732K	—
Extended kNOT-USD	+0.0104%	1h	0.0005010	+0.056%	$4K	—	5x	as long as short
Kraken Futures PF_NOTUSD	+0.1949%	1h	0.0005018	+0.229%	$49K	$9K	10x	as long as short