Funding arb · Price arb /

ARK

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.838%

Price spread now: Gate against Bybit+0.490%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$294as in the Funding arb table

Net, price: spread back to 7d avg − costs−$133as in the Price arb table

costs, in and out, $10k−$1771.769% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−1.176%−$118 on $10k

Price spread, last 4 days (all we have)−0.561%−$56 · spread now +0.490%, 7d avg +0.047%

Together, before fees−1.738%−$174 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 0.442% dearer against Bybit than usual: you sell high and buy low, +$44 on $10k if it goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARKUSDT	0.1551	0.0100	pay 0.0050% / 4h	2h 32m	$1.3M	$1.0M	25x
Short	Gate ARK_USDT	0.1559	0.0100	get 0.0100% / 8h	2h 32m	$195K	$133K	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 +0.490%Rate

Funding earned: $0
Price spread: +0.490% → +0.047%: $44.24
Slippage, 4 orders: −$150.85
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$132.61
Costs to cover: 1.769%
Break-even: never at this rate

Slippage from Bybit: live order book, 9 min ago; Gate: live order book, 9 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, 9 min ago	2.88 bp	34.4 bp −$34	300.8 bp −$3,008	doesn't fit	doesn't fit
Sell Gate live order book, 9 min ago	6.40 bp	51.9 bp −$52	doesn't fit	doesn't fit	doesn't fit

ARK on 8 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
Binance ARKUSDT	+0.0100%	4h	0.1559	+0.460%	$3.4M	$4.2M	40x	as long as short
Bybit ARKUSDTlong	+0.0100%	4h	0.1551	long leg	$1.3M	$1.0M	25x
Gate ARK_USDTshort	+0.0100%	8h	0.1559	+0.490%	$195K	$133K	25x
MEXC ARK_USDT	+0.0100%	4h	0.1559	+0.490%	$490K	$158K	20x	as long as short
KuCoin ARKUSDTM	+0.0100%	4h	0.1554	+0.168%	$779K	$47K	30x	as long as short
Bitget ARKUSDT	+0.0100%	4h	0.1559	+0.490%	$406K	$258K	25x	as long as short
BingX ARK-USDT	+0.0100%	4h	0.1555	+0.232%	—	$2.3M	—	as long as short
Variational Omni ARK	+0.0134%	4h	0.1563	+0.764%	$19K	$1K	—	as long as short