Funding arb · Price arb /

BB

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against Gate+0.111%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$209as in the Funding arb table

Net, price: spread back to 7d avg − costs−$201as in the Price arb table

costs, in and out, $10k−$2102.101% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.023%−$2 · spread now +0.111%, 7d avg +0.021%

Together, before fees−0.013%−$1 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 0.090% dearer against Gate than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BB_USDT	0.009030	0.0100	pay 0.0050% / 4h	16m 22s	$127K	$201K	50x
Short	Bitget BBUSDT	0.009040	0.0100	get 0.0050% / 4h	16m 22s	$315K	$449K	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 +0.111%Rate

Funding earned: $0
Price spread: +0.111% → +0.021%: $9
Slippage, 4 orders: −$183.12
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$201.12
Costs to cover: 2.101%
Break-even: never at this rate

Slippage from Gate: live order book, 55 min ago; Bitget: live order book, 54 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, 55 min ago	11.04 bp	66.0 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 54 min ago	11.04 bp	44.6 bp −$45	215.3 bp −$2,153	doesn't fit	doesn't fit

BB on 9 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_BBUSD	−0.0949%	1h	0.009028	−0.021%	$22K	$1K	10x	as long as short
Aster BBUSDT	+0.0100%	4h	0.009024	−0.062%	$12K	$13K	5x	as long as short
Binance BBUSDT	+0.0100%	4h	0.009030	0.000%	$3.2M	$6.7M	50x	as long as short
Bybit BBUSDT	+0.0100%	4h	0.009029	−0.011%	$682K	$757K	25x	as long as short
Gate BB_USDTlong	+0.0100%	4h	0.009030	long leg	$127K	$201K	50x
MEXC BB_USDT	+0.0100%	4h	0.009026	−0.044%	$1.5M	$585K	100x	as long as short
KuCoin BBUSDTM	+0.0100%	4h	0.009040	+0.111%	$445K	$80K	50x	as long as short
Bitget BBUSDTshort	+0.0100%	4h	0.009040	+0.111%	$315K	$449K	50x
BingX BB-USDT	+0.0100%	4h	0.009044	+0.155%	—	$1.3M	—	as long as short