Funding arb · Price arb /

BX

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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 +0.012%

Price spread now: OKX against Gate+0.063%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$257as in the Funding arb table

Net, price: spread back to 7d avg − costs−$243as in the Price arb table

costs, in and out, $10k−$2512.509% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 4 days (all we have)−0.036%−$4 · spread now +0.063%, 7d avg −0.013%

Together, before fees−0.099%−$10 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: OKX is 0.076% dearer against Gate than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BX_USDT	126.39	0	get 0.0000% / 8h	1h 27m	$422K	$25K	20x
Short	OKX BX-USDT-SWAP	126.47	0	get 0.0000% / 8h	1h 27m	$164K	$113K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.063%Rate

Funding earned: $0
Price spread: +0.063% → −0.013%: $7.6
Slippage, 4 orders: −$225.88
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$243.28
Costs to cover: 2.509%
Break-even: never at this rate

Slippage from Gate: live order book, 13 min ago; OKX: live order book, 12 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, 13 min ago	12.66 bp	32.8 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 12 min ago	3.17 bp	77.0 bp −$77	doesn't fit	doesn't fit	doesn't fit

BX 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
Aster BXUSDT	0.0000%	8h	126.14	−0.202%	$5K	$2K	20x	as long as short
Binance BXUSDT	0.0000%	8h	126.34	−0.040%	$776K	$491K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.31	−0.063%	$482K	$803K	25x	as long as short
OKX BX-USDT-SWAPshort	0.0000%	8h	126.47	+0.063%	$164K	$113K	20x
QFEX BX-USD	0.0000%	1h	126.91	+0.411%	$1.1M	$1.5M	10x	as long as short
Gate BX_USDTlong	0.0000%	8h	126.39	long leg	$422K	$25K	20x
Bitget BXUSDT	0.0000%	8h	126.46	+0.055%	$900K	$33K	20x	as long as short
Variational Omni BX	0.0000%	8h	126.23	−0.128%	$43K	$12K	—	as long as short
GRVT BX_USDT_Perp	0.0000%	8h	126.31	−0.061%	$345	$103K	10x	as long as short
SunX BX-USDT	0.0000%	8h	126.24	−0.119%	$544	$302K	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX BX-USDT	0.0000%	8h	126.32	−0.055%	$7K	$4K	20x	as long as short
tradeXYZ xyz:BX	+0.0048%	1h	126.25	−0.111%	$664K	$224K	10x	as long as short
KuCoin BXUSDTM	+0.0100%	8h	126.08	−0.245%	$115K	$807K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.771%	$4K	$32K	12x	as long as short