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: Bitget against Gate−0.027%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$624as in the Funding arb table

Net, price: spread back to 7d avg − costs−$618as in the Price arb table

costs, in and out, $10k−$6226.216% of the position

Long on Gate Short on Bitget

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)−0.002%$0 · spread now −0.027%, 7d avg −0.062%

Together, before fees−0.029%−$3 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: Bitget is 0.035% dearer against Gate than usual: you sell high and buy low, +$4 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	Gate ALT_USDT	0.007511	0.0100	pay 0.0100% / 8h	1h 02m	$50K	$419K	25x
Short	Bitget ALTUSDT	0.007509	0.0100	get 0.0050% / 4h	1h 02m	$617K	$100K	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 −0.027%Rate

Funding earned: $0
Price spread: −0.027% → −0.062%: $3.5
Slippage, 4 orders: −$594.63
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$618.13
Costs to cover: 6.216%
Break-even: never at this rate

Slippage from Gate: live order book, 13 min ago; Bitget: live order book, 13 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, 13 min ago	8.00 bp	298.9 bp −$299	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 13 min ago	4.00 bp	33.6 bp −$34	134.6 bp −$1,346	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
Deribit ALT_USDC-PERPETUAL	−0.0149%	1h	0.007520	+0.120%	—	$0	25x	as long as short
Variational Omni ALT	−0.0148%	4h	0.007504	−0.087%	$4K	$12K	—	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007381	−1.731%	$815	$4K	5.5x	as long as short
Bybit ALTUSDT	+0.0072%	4h	0.007516	+0.067%	$1.2M	$1.6M	25x	as long as short
BloFin ALT-USDT	+0.0089%	4h	0.007520	+0.120%	$171K	$9K	50x	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007518	+0.093%	$1.1M	$185K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007523	+0.160%	$2.6M	$3.6M	50x	as long as short
Gate ALT_USDTlong	+0.0100%	8h	0.007511	long leg	$50K	$419K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007522	+0.146%	$389K	$191K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007519	+0.107%	$149K	$21K	30x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ALTUSDTshort	+0.0100%	4h	0.007509	−0.027%	$617K	$100K	50x
BingX ALT-USDT	+0.0100%	4h	0.007519	+0.107%	—	$1.3M	—	as long as short
Kraken Futures PF_ALTUSD	+0.0347%	1h	0.007529	+0.234%	$44K	$8K	10x	as long as short
Coinbase International ALT-PERP-INTX	+0.0448%	1h	0.007528	+0.226%	$14K	$3K	50x	as long as short