Funding arb · Price arb /

W

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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: Binance against Gate+0.142%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$625as in the Funding arb table

Net, price: spread back to 7d avg − costs−$620as in the Price arb table

costs, in and out, $10k−$6256.246% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.142%, 7d avg +0.093%

Together, before fees−0.022%−$2 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: Binance is 0.048% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate W_USDT	0.01186	0.0100	pay 0.0050% / 4h	2h 24m	$448K	$264K	75x
Short	Binance WUSDT	0.01187	0.0100	get 0.0050% / 4h	2h 24m	$3.0M	$6.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.142%Rate

Funding earned: $0
Price spread: +0.142% → +0.093%: $4.84
Slippage, 4 orders: −$599.62
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$619.78
Costs to cover: 6.246%
Break-even: never at this rate

Slippage from Gate: live order book, 41 min ago; Binance: live order book, 14 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, 41 min ago	9.23 bp	207.1 bp −$207	29356.3 bp −$293.6K	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	2.12 bp	18.9 bp −$19	75.9 bp −$759	doesn't fit	doesn't fit

W on 17 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
Deribit W_USDC-PERPETUAL	−0.0339%	1h	0.01188	+0.186%	$16K	$2K	10x	as long as short
Injective W/USDC PERP	+0.0033%	1h	0.01209	+1.965%	$1K	$1K	12x	as long as short
Hyperliquid W	+0.0100%	1h	0.01188	+0.194%	$2.0M	$393K	5x	as long as short
Binance WUSDTshort	+0.0100%	4h	0.01187	+0.142%	$3.0M	$6.7M	50x
Bybit WUSDT	+0.0100%	4h	0.01185	−0.034%	$4.1M	$1.9M	50x	as long as short
OKX W-USDT-SWAP	+0.0100%	4h	0.01185	−0.067%	$1.3M	$1.9M	20x	as long as short
Gate W_USDTlong	+0.0100%	4h	0.01186	long leg	$448K	$264K	75x
MEXC W_USDT	+0.0100%	4h	0.01187	+0.127%	$12.8M	$1.4M	50x	as long as short
KuCoin WUSDTM	+0.0100%	4h	0.01189	+0.278%	$450K	$221K	50x	as long as short
Bitget WUSDT	+0.0100%	4h	0.01187	+0.110%	$1.3M	$576K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX W-USDT	+0.0100%	4h	0.01187	+0.093%	—	$6.8M	—	as long as short
Variational Omni W	+0.0100%	4h	0.01186	+0.038%	$71K	$41K	—	as long as short
GRVT W_USDT_Perp	+0.0100%	4h	0.01186	+0.025%	$123K	$405K	10x	as long as short
Extended W-USD	+0.0104%	1h	0.01188	+0.162%	$60K	$239K	5x	as long as short
Coinbase International W-PERP-INTX	+0.0360%	1h	0.01189	+0.253%	$14K	$16K	50x	as long as short
Backpack W_USDC_PERP	+0.0458%	1h	0.01189	+0.320%	$44K	$47K	15x	as long as short
Kraken Futures PF_WUSD	+0.1528%	1h	0.01191	+0.418%	$148K	$180K	20x	as long as short