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 OKX0.000%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$175as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$1741.740% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now 0.000%, 7d avg +0.035%

Together, before fees+0.012%+$1 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 0.035% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NOT-USDT-SWAP	0.0005030	0.0100	pay 0.0050% / 4h	2h 12m	$639K	$704K	20x
Short	Gate NOT_USDT	0.0005030	0.0100	get 0.0050% / 4h	2h 12m	$138K	$73K	50x

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 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.035%: −$3.5
Slippage, 4 orders: −$149.01
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$177.51
Costs to cover: 1.740%
Break-even: never at this rate

Slippage from OKX: live order book, 34 min ago; Gate: live order book, 28 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, 34 min ago	2.98 bp	41.0 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 28 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	−0.0079%	4h	0.0005012	−0.364%	$71K	$38K	—	as long as short
KuCoin NOTUSDTM	−0.0008%	4h	0.0005019	−0.219%	$478K	$136K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.101%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005039	+0.171%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005020	−0.199%	$338K	$68K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005025	−0.099%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005028	−0.040%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005022	−0.159%	$2.1M	$892K	25x	as long as short
OKX NOT-USDT-SWAPlong	+0.0100%	4h	0.0005030	long leg	$639K	$704K	20x
Gate NOT_USDTshort	+0.0100%	4h	0.0005030	0.000%	$138K	$73K	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005027	−0.060%	$1.3M	$450K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005025	−0.099%	$672K	$496K	50x	as long as short
BingX NOT-USDC	+0.0100%	4h	0.0005025	−0.099%	—	$729K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005027	−0.066%	$4K	—	5x	as long as short
BloFin NOT-USDT	+0.0139%	4h	0.0005029	−0.020%	$108K	$18K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1684%	1h	0.0005028	−0.033%	$49K	$9K	10x	as long as short