Funding arb · Price arb /

RE

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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 +0.004%

Price spread now: BloFin against Gate−0.168%63s7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$596as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$6006.004% of the position

Long on Gate Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 3 days (all we have)+0.020%+$2 · spread now −0.168%, 7d avg −0.055%

Together, before fees+0.065%+$7 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: BloFin is 0.114% cheaper against Gate than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.055%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate RE_USDT	0.4690	0.0100	pay 0.0050% / 4h	21m 56s	$432K	$946K	20x
Short	BloFin RE-USDT	0.4682	0.0100	get 0.0050% / 4h	21m 56s	$366K	$20K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.168%Rate

Funding earned: −$0.08
Price spread: −0.168% → −0.055%: −$11.36
Slippage, 4 orders: −$573.44
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$611.87
Costs to cover: 6.004%
Break-even: never at this rate

Slippage from Gate: live order book, 55 min ago; BloFin: live order book, 53 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, 55 min ago	5.38 bp	374.4 bp −$374	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 53 min ago	3.22 bp	15.8 bp −$16	43.2 bp −$432	doesn't fit	doesn't fit

RE 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
gTrade (Gains Network) RE/USD	L −0.0025% / S +0.0026%	1h	0.4691	+0.031%	—	—	150x	as long as short
BloFin RE-USDTshort	+0.0100%	4h	0.4682	−0.168%	$366K	$20K	50x
Aster REUSDT	+0.0100%	4h	0.4693	+0.058%	$34K	$29K	20x	as long as short
Binance REUSDT	+0.0100%	4h	0.4689	−0.023%	$8.4M	$8.4M	50x	as long as short
Bybit REUSDT	+0.0100%	4h	0.4692	+0.045%	$1.4M	$1.3M	20x	as long as short
OKX RE-USDT-SWAP	+0.0100%	4h	0.4688	−0.030%	$1.8M	$3.6M	20x	as long as short
Gate RE_USDTlong	+0.0100%	4h	0.4690	long leg	$432K	$946K	20x
MEXC RE_USDT	+0.0100%	4h	0.4688	−0.041%	$1.3M	$447K	50x	as long as short
KuCoin REUSDTM	+0.0100%	4h	0.4689	−0.026%	$1.4M	$937K	20x	as long as short
Bitget REUSDT	+0.0100%	4h	0.4691	+0.013%	$1.8M	$572K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX RE-USDT	+0.0100%	4h	0.4689	−0.019%	—	$1.7M	—	as long as short
edgeX REUSDC	+0.0100%	4h	0.4676	−0.293%	$8K	$218K	10x	as long as short
Orderly PERP_RE_USDC_mythos	+0.0100%	4h	0.4691	+0.023%	$4K	—	10x	as long as short
Extended RE-USD	+0.0104%	1h	0.4687	−0.052%	$796	—	5x	as long as short