Funding arb · Price arb /

2Z

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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 0.000%

Price spread now: Bitget against Gate−0.019%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate 2Z_USDT	0.05241	0.0100	pay 0.0050% / 4h	3h 33m	$91K	$61K	50x
Short	Bitget 2ZUSDT	0.05240	0.0100	get 0.0050% / 4h	3h 33m	$162K	$625K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.019%Rate

Funding earned: $0
Price spread: −0.019% → 0.000%: −$1.91
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$28.91
Costs to cover: 0.270%
Break-even: never at this rate

Slippage unknown: Gate: no order-book sample; Bitget: live order book, 16 min ago. Net counts fees only.

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 no order-book sample	—	—	—	—	—
Sell Bitget live order book, 16 min ago	6.66 bp	26.7 bp −$27	132.2 bp −$1,322	doesn't fit	doesn't fit

Gate: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

2Z 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
Backpack 2Z_USDC_PERP	−0.0657%	1h	0.05229	−0.229%	$45K	$22K	5x	as long as short
Injective 2Z/USDC PERP	+0.0033%	1h	0.04980	−4.980%	$867	$213	5.5x	as long as short
Lighter 2Z	+0.0096%	1h	0.05243	+0.038%	$17K	$6K	3x	as long as short
Hyperliquid 2Z	+0.0100%	1h	0.05236	−0.095%	$676K	$353K	3x	as long as short
Aster 2ZUSDT	+0.0100%	4h	0.05237	−0.070%	$12K	$57K	5x	as long as short
Pacifica 2Z	+0.0100%	1h	0.05235	−0.124%	$75K	$15K	3x	as long as short
Binance 2ZUSDT	+0.0100%	4h	0.05233	−0.153%	$2.1M	$2.2M	50x	as long as short
Bybit 2ZUSDT	+0.0100%	4h	0.05238	−0.057%	$721K	$963K	50x	as long as short
OKX 2Z-USDT-SWAP	+0.0100%	4h	0.05233	−0.153%	$449K	$713K	20x	as long as short
Gate 2Z_USDTlong	+0.0100%	4h	0.05241	long leg	$91K	$61K	50x

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC 2Z_USDT	+0.0100%	4h	0.05239	−0.038%	$328K	$131K	50x	as long as short
KuCoin 2ZUSDTM	+0.0100%	4h	0.05233	−0.156%	$179K	$55K	50x	as long as short
Bitget 2ZUSDTshort	+0.0100%	4h	0.05240	−0.019%	$162K	$625K	50x
BingX 2Z-USDT	+0.0100%	4h	0.05236	−0.095%	—	$6.5M	—	as long as short
Variational Omni 2Z	+0.0100%	4h	0.05239	−0.046%	$33K	$23K	—	as long as short
SunX 2Z-USDT	+0.0100%	4h	0.05237	−0.076%	$1K	$1.2M	20x	as long as short
Kraken Futures PF_2ZUSD	+0.0567%	1h	0.05242	+0.014%	$5K	$3K	10x	as long as short