Funding arb · Price arb /

AKE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+1.2365%/8h= +1354.0% APRpaid last 24h +0.760%

Price spread now: Bybit against Gate+0.029%7-day average +0.400% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$178as in the Price arb table

costs, in and out, $10k−$1411.414% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.239%+$24 on $10k

Price spread, last 7 days+0.054%+$5 · spread now +0.029%, 7d avg +0.400%

Together, before fees+0.293%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.371% cheaper against Gate than usual: you would sell low and buy high (spread +0.029% now, against its 7-day average of +0.400%). If the spread goes back, that is −$37 on $10k: about 2 hours of funding at the current rate (+$371 a day). At the pace of the last 7 days (+0.239% in total) that is about 11 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.239% in total (about 12.4% 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	Gate AKE_USDT	0.05743	0.0362	pay 0.0181% / 4h	58m 06s	$5.5M	$82.7M	25x
Short	Bybit AKEUSDT	0.05745	1.2727	get 0.1591% / 1h	58m 06s	$18.1M	$180.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.029%Rate

Funding earned: $2,596.71
Price spread: +0.029% → +0.400%: −$37.11
Slippage, 4 orders: −$115.39
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $2,418.21
Costs to cover: 1.414%
Break-even: 0.5 days

Slippage from Gate: live order book, 6 min ago; Bybit: live order book, 1 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, 6 min ago	3.60 bp	42.8 bp −$43	107.6 bp −$1,076	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	0.79 bp	26.8 bp −$27	84.3 bp −$843	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	+0.0100%	1h	0.05745	+0.037%	$685K	$3.7M	5x	as long as short
SunX AKE-USDT	+0.0100%	4h	0.05746	+0.045%	—	$738K	10x	as long as short
HTX AKE-USDT	+0.0100%	4h	0.05660	−1.444%	$169K	$1.7M	10x	as long as short
Bitget AKEUSDT	+0.0176%	4h	0.05760	+0.289%	$2.2M	$44.2M	10x	as long as short
edgeX 1000AKEUSDC	+0.0327%	4h	0.05467	−4.819%	$239K	$1.3M	5x	as long as short
MEXC AKE_USDT	+0.0334%	4h	0.05752	+0.146%	$14.9M	$34.8M	20x	as long as short
Variational Omni AKE	+0.0341%	1h	0.05467	−4.810%	$166K	$676K	—	as long as short
Gate AKE_USDTlong	+0.0362%	4h	0.05743	long leg	$5.5M	$82.7M	25x
Extended AKE-USD	+0.0392%	1h	0.05754	+0.184%	$78K	$286K	5x	as long as short
Binance AKEUSDT	+0.0396%	4h	0.05758	+0.255%	$29.5M	$496.8M	10x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin AKEUSDTM	+0.0398%	4h	0.05730	−0.229%	$8.2M	$43.3M	10x	as long as short
BingX AKE-USDT	+0.0452%	4h	0.05759	+0.277%	—	$11.0M	—	as long as short
OKX AKE-USDT-SWAP	+0.0481%	4h	0.05730	−0.233%	$5.0M	$471.0M	20x	as long as short
Bybit AKEUSDTshort	+1.2727%	1h	0.05745	+0.029%	$18.1M	$180.3M	25x