Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Bitget0.000%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$697as in the Funding arb table

Net, price: spread back to 7d avg − costs−$706as in the Price arb table

costs, in and out, $10k−$6996.994% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now 0.000%, 7d avg +0.062%

Together, before fees+0.055%+$6 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: Gate is 0.062% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ALTUSDT	0.007483	0.0100	pay 0.0050% / 4h	1h 24m	$615K	$100K	50x
Short	Gate ALT_USDT	0.007483	0.0100	get 0.0100% / 8h	1h 24m	$50K	$416K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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 BitgetbpFee GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.062%: −$6.17
Slippage, 4 orders: −$672.37
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$705.54
Costs to cover: 6.994%
Break-even: never at this rate

Slippage from Bitget: live order book, 56 min ago; Gate: live order book, 56 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 Bitget live order book, 56 min ago	8.68 bp	32.1 bp −$32	216.9 bp −$2,169	doesn't fit	doesn't fit
Sell Gate live order book, 56 min ago	11.35 bp	250.4 bp −$250	doesn't fit	doesn't fit	doesn't fit

ALT 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
Variational Omni ALT	−0.0191%	4h	0.007483	−0.006%	$4K	$12K	—	as long as short
Deribit ALT_USDC-PERPETUAL	0.0000%	1h	0.007496	+0.174%	—	$0	25x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−1.363%	$815	$4K	5.5x	as long as short
Bybit ALTUSDT	+0.0045%	4h	0.007485	+0.027%	$1.2M	$1.6M	25x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007494	+0.147%	$1.1M	$185K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007498	+0.204%	$2.6M	$3.5M	50x	as long as short
Gate ALT_USDTshort	+0.0100%	8h	0.007483	0.000%	$50K	$416K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007498	+0.200%	$388K	$190K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007493	+0.134%	$149K	$21K	30x	as long as short
Bitget ALTUSDTlong	+0.0100%	4h	0.007483	long leg	$615K	$100K	50x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ALT-USDT	+0.0100%	4h	0.007495	+0.160%	—	$1.3M	—	as long as short
BloFin ALT-USDT	+0.0148%	4h	0.007489	+0.080%	$172K	$9K	50x	as long as short
Kraken Futures PF_ALTUSD	+0.0348%	1h	0.007498	+0.204%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0448%	1h	0.007518	+0.468%	$14K	$3K	50x	as long as short