Settings8H · net · $10k
Funding arb · Price arb /

ON

all ON markets
SwapBacktest
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: Gate against Binance−0.326%7-day average −0.226% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.179%−$18 on $10k
Price spread, last 4 days (all we have)+0.333%+$33 · spread now −0.326%, 7d avg −0.226%
Together, before fees+0.154%+$15 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 0.100% cheaper against Binance than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.226%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ONUSDT0.13790.0100pay 0.0050% / 4h0m 58s$6.0M$3.9M50x
ShortGate ON_USDT0.13740.0100get 0.0050% / 4h0m 58s$307K$33K5x

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

Funding earned
$0
Price spread: −0.326% → −0.226%
−$10.03
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$35.03
Costs to cover
0.250%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 7 min ago; Gate: live order book, 9 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 7 min ago3.66 bp44.7 bp −$45262.0 bp −$2,620doesn't fitdoesn't fit
Sell Gate live order book, 9 min ago28.52 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

ON on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX ONUSDC+0.0085%4h0.1379−0.012%$8K$134K10xas long as short
Binance ONUSDTlong+0.0100%4h0.1379long leg$6.0M$3.9M50x
Gate ON_USDTshort+0.0100%4h0.1374−0.326%$307K$33K5x
MEXC ON_USDT+0.0100%4h0.1378−0.073%$1.1M$409K50xas long as short
KuCoin ONUSDTM+0.0100%4h0.1373−0.442%$755K$52K50xas long as short
BingX ON-USDT+0.0100%4h0.13790.000%$6.6Mas long as short
Variational Omni ON+0.0100%4h0.1378−0.086%$25K$7Kas long as short
Aster ONUSDT+0.0500%4h0.1374−0.377%$448K$32K5xas long as short