Funding arb · Price arb /

COST

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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 +0.002%

Price spread now: OKX against Gate−0.067%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$347as in the Funding arb table

Net, price: spread back to 7d avg − costs−$356as in the Price arb table

costs, in and out, $10k−$3473.474% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.086%+$9 · spread now −0.067%, 7d avg +0.023%

Together, before fees+0.088%+$9 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 0.090% cheaper against Gate than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COST_USDT	899.41	0	get 0.0000% / 8h	4h 37m	$521K	$7K	25x
Short	OKX COST-USDT-SWAP	898.81	0	get 0.0000% / 8h	4h 37m	$447K	$109K	10x

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 −0.067%Rate

Funding earned: $0
Price spread: −0.067% → +0.023%: −$8.98
Slippage, 4 orders: −$322.41
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$356.38
Costs to cover: 3.474%
Break-even: never at this rate

Slippage from Gate: live order book, 18 min ago; OKX: live order book, 18 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, 18 min ago	6.39 bp	195.0 bp −$195	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 18 min ago	6.17 bp	15.1 bp −$15	doesn't fit	doesn't fit	doesn't fit

COST on 15 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 COSTUSDT	0.0000%	8h	899.06	−0.039%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	899.51	+0.011%	$491K	$219K	25x	as long as short
OKX COST-USDT-SWAPshort	0.0000%	8h	898.81	−0.067%	$447K	$109K	10x
Gate COST_USDTlong	0.0000%	8h	899.41	long leg	$521K	$7K	25x
Bitget COSTUSDT	0.0000%	8h	899.12	−0.032%	$403K	$77K	25x	as long as short
Variational Omni COST	0.0000%	8h	899.23	−0.020%	$41K	$17K	—	as long as short
SunX COST-USDT	0.0000%	8h	898.80	−0.068%	$1K	$2.9M	10x	as long as short
HTX COST-USDT	0.0000%	8h	901.34	+0.215%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0004%	1h	899.35	−0.007%	$1.1M	$2.7M	10x	as long as short
Binance COSTUSDT	+0.0017%	8h	899.36	−0.006%	$1.1M	$931K	20x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.826%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.129%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	898.75	−0.073%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.77	−0.071%	$1.8M	$518K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	898.70	−0.079%	$47K	$879K	20x	as long as short