Funding arb · Price arb /

BMT

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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 +0.027%

Price spread now: Gate against Bybit−0.050%7-day average +0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$335as in the Funding arb table

Net, price: spread back to 7d avg − costs−$361as in the Price arb table

costs, in and out, $10k−$3533.531% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.184%+$18 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.050%, 7d avg +0.032%

Together, before fees+0.222%+$22 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 0.082% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BMTUSDT	0.02000	0.0100	pay 0.0050% / 4h	1h 15m	$966K	$377K	5x
Short	Gate BMT_USDT	0.01999	0.0100	get 0.0050% / 4h	1h 15m	$197K	$191K	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 −0.050%Rate

Funding earned: $0
Price spread: −0.050% → +0.032%: −$8.23
Slippage, 4 orders: −$327.14
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$361.37
Costs to cover: 3.531%
Break-even: never at this rate

Slippage from Bybit: live order book, 65 min ago; Gate: live order book, 61 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, 65 min ago	3.99 bp	130.0 bp −$130	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 61 min ago	4.99 bp	56.1 bp −$56	doesn't fit	doesn't fit	doesn't fit

BMT 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
Aster BMTUSDT	+0.0100%	4h	0.02001	+0.066%	$44K	$10K	5x	as long as short
Binance BMTUSDT	+0.0100%	4h	0.02001	+0.047%	$2.3M	$2.3M	20x	as long as short
Bybit BMTUSDTlong	+0.0100%	4h	0.02000	long leg	$966K	$377K	5x
Gate BMT_USDTshort	+0.0100%	4h	0.01999	−0.050%	$197K	$191K	25x
MEXC BMT_USDT	+0.0100%	4h	0.02000	0.000%	$218K	$137K	100x	as long as short
KuCoin BMTUSDTM	+0.0100%	4h	0.02005	+0.250%	$618K	$74K	20x	as long as short
BingX BMT-USDT	+0.0100%	4h	0.02001	+0.050%	—	$2.3M	—	as long as short
Variational Omni BMT	+0.0100%	4h	0.02000	−0.010%	$52K	$27K	—	as long as short