Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bybit−0.044%7-day average +0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$192as in the Funding arb table

Net, price: spread back to 7d avg − costs−$205as in the Price arb table

costs, in and out, $10k−$1941.940% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 4 days (all we have)+0.249%+$25 · spread now −0.044%, 7d avg +0.064%

Together, before fees+0.273%+$27 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 0.108% cheaper against Bybit than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BASEDUSDT	0.06796	0.0100	pay 0.0050% / 4h	2h 53m	$2.1M	$624K	25x
Short	Gate BASED_USDT	0.06793	0.0100	get 0.0050% / 4h	2h 53m	$537K	$544K	50x

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 −0.044%Rate

Funding earned: $0
Price spread: −0.044% → +0.064%: −$10.8
Slippage, 4 orders: −$168.01
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$204.81
Costs to cover: 1.940%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Gate: 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 Bybit live order book, 4 min ago	5.13 bp	68.3 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 13 min ago	7.27 bp	36.9 bp −$37	doesn't fit	doesn't fit	doesn't fit

BASED on 15 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 BASEDUSDT	+0.0100%	4h	0.06813	+0.247%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDTlong	+0.0100%	4h	0.06796	long leg	$2.1M	$624K	25x
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06812	+0.235%	$2.6M	$3.7M	20x	as long as short
Gate BASED_USDTshort	+0.0100%	4h	0.06793	−0.044%	$537K	$544K	50x
MEXC BASED_USDT	+0.0100%	4h	0.06810	+0.206%	$4.9M	$626K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06797	+0.015%	$570K	$65K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06810	+0.206%	$1.3M	$369K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06800	+0.059%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06814	+0.271%	$94K	$18K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06810	+0.206%	$97K	$382K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX BASED-USDT	+0.0100%	4h	0.06808	+0.177%	$1K	$857K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06809	+0.185%	$4K	$199K	5x	as long as short
BloFin BASED-USDT	+0.0156%	4h	0.06797	+0.015%	$255K	$41K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0267%	4h	0.06806	+0.147%	$3K	$1K	10x	as long as short
Aster BASEDUSDT	+0.0317%	4h	0.06798	+0.026%	$29K	$6K	5x	as long as short