Funding arb · Price arb /

AKE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.1558%/8h= +170.6% APRpaid last 24h −0.681%

Price spread now: Gate against Bybit−0.335%7-day average −0.398% · you buy dearer than you sell

Net, funding: paid 7d − costs−$168as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1441.444% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.236%−$24 on $10k

Price spread, last 7 days+0.227%+$23 · spread now −0.335%, 7d avg −0.398%

Together, before fees−0.009%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$47 a day on $10k at the current rate, and Gate is 0.063% dearer against Bybit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.398%. Mind the row above: over the last 7 days funding on this pair cost −0.236%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.236% in total (about -12.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AKEUSDT	0.05516	0.0552	pay 0.0069% / 1h	33m 57s	$17.3M	$187.2M	25x
Short	Gate AKE_USDT	0.05498	0.2110	get 0.1055% / 4h	3h 33m	$5.2M	$82.1M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now −0.335%Rate

Funding earned: $327.18
Price spread: −0.335% → −0.398%: $6.31
Slippage, 4 orders: −$118.37
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $189.12
Costs to cover: 1.444%
Break-even: 3.0 days

Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 5 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 Bybit live order book, 5 min ago	0.19 bp	34.7 bp −$35	98.8 bp −$988	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	4.38 bp	41.8 bp −$42	127.3 bp −$1,273	doesn't fit	doesn't fit

AKE 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 AKEUSDT	−0.0018%	1h	0.05472	−0.805%	$580K	$3.9M	5x	as long as short
SunX AKE-USDT	+0.0100%	4h	0.05450	−1.206%	—	$771K	10x	as long as short
HTX AKE-USDT	+0.0100%	4h	0.05418	−1.772%	$158K	$1.6M	10x	as long as short
KuCoin AKEUSDTM	+0.0334%	4h	0.05479	−0.672%	$7.6M	$45.0M	10x	as long as short
Binance AKEUSDT	+0.0343%	4h	0.05507	−0.158%	$28.0M	$515.1M	10x	as long as short
Extended AKE-USD	+0.0344%	1h	0.05514	−0.028%	$74K	$270K	5x	as long as short
MEXC AKE_USDT	+0.0346%	4h	0.05487	−0.526%	$14.8M	$35.8M	20x	as long as short
edgeX 1000AKEUSDC	+0.0362%	4h	0.05360	−2.826%	$235K	$1.3M	5x	as long as short
OKX AKE-USDT-SWAP	+0.0511%	4h	0.05521	+0.091%	$4.9M	$467.2M	20x	as long as short
Bybit AKEUSDTlong	+0.0552%	1h	0.05516	long leg	$17.3M	$187.2M	25x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX AKE-USDT	+0.0756%	4h	0.05500	−0.294%	—	$11.8M	—	as long as short
Bitget AKEUSDT	+0.0762%	4h	0.05522	+0.105%	$2.1M	$44.9M	10x	as long as short
Variational Omni AKE	+0.1760%	1h	0.05361	−2.818%	$154K	$670K	—	as long as short
Gate AKE_USDTshort	+0.2110%	4h	0.05498	−0.335%	$5.2M	$82.1M	25x