Funding arb · Price arb /

ANIME

all ANIME markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.019%

Price spread now: Bybit against Gate+0.058%7-day average +0.162% · you sell dearer than you buy

Net, funding: paid 7d − costs−$436as in the Funding arb table

Net, price: spread back to 7d avg − costs−$439as in the Price arb table

costs, in and out, $10k−$4284.285% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 4 days (all we have)−0.125%−$13 · spread now +0.058%, 7d avg +0.162%

Together, before fees−0.199%−$20 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: Bybit is 0.104% cheaper against Gate than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.162%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ANIME_USDT	0.003425	0.0100	pay 0.0050% / 4h	3h 40m	$145K	$50K	25x
Short	Bybit ANIMEUSDT	0.003427	0.0100	get 0.0050% / 4h	3h 40m	$724K	$369K	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 +0.058%Rate

Funding earned: $0
Price spread: +0.058% → +0.162%: −$10.38
Slippage, 4 orders: −$402.46
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$438.84
Costs to cover: 4.285%
Break-even: never at this rate

Slippage from Gate: live order book, 50 min ago; Bybit: live order book, 55 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, 50 min ago	13.16 bp	141.3 bp −$141	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 55 min ago	1.45 bp	62.5 bp −$62	214.4 bp −$2,144	doesn't fit	doesn't fit

ANIME on 13 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
Kraken Futures PF_ANIMEUSD	−0.0217%	1h	0.003426	+0.027%	$28K	$12K	10x	as long as short
Hyperliquid ANIME	+0.0100%	1h	0.003424	−0.029%	$302K	$95K	3x	as long as short
Aster ANIMEUSDT	+0.0100%	4h	0.003429	+0.126%	$28K	$3K	5x	as long as short
Binance ANIMEUSDT	+0.0100%	4h	0.003426	+0.040%	$1.3M	$1.9M	20x	as long as short
Bybit ANIMEUSDTshort	+0.0100%	4h	0.003427	+0.058%	$724K	$369K	25x
OKX ANIME-USDT-SWAP	+0.0100%	4h	0.003423	−0.058%	$444K	$727K	20x	as long as short
Gate ANIME_USDTlong	+0.0100%	4h	0.003425	long leg	$145K	$50K	25x
MEXC ANIME_USDT	+0.0100%	4h	0.003426	+0.029%	$205K	$86K	20x	as long as short
KuCoin ANIMEUSDTM	+0.0100%	4h	0.003426	+0.029%	$410K	$85K	20x	as long as short
Bitget ANIMEUSDT	+0.0100%	4h	0.003425	0.000%	$856K	$154K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ANIME-USDT	+0.0100%	4h	0.003426	+0.029%	—	$6.5M	—	as long as short
Variational Omni ANIME	+0.0100%	4h	0.003426	+0.042%	$12K	$953	—	as long as short
GMX ANIME/USD [ANIME-USDC]	L +0.0497% / S −0.2017%	1h	0.003427	+0.058%	$837	—	100x	as long as short