Funding arb · Price arb /

BTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0143%/8h= +15.7% APRpaid last 24h +0.018%

Price spread now: Gate against 01 Exchange+0.030%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$240.243% of the position

Long on 01 Exchange Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.064%+$6 on $10k

Price spread, last 7 days−0.046%−$5 · spread now +0.030%, 7d avg +0.001%

Together, before fees+0.018%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Gate is 0.029% dearer against 01 Exchange than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange BTCUSD	85,541.1	−0.0056	get 0.0007% / 1h	33m 05s	$363K	$2.4M	50x
Short	Gate BTC_USDT	85,566.7	0.0087	get 0.0087% / 8h	6h 33m	$5.61B	$10.50B	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against 01 Exchange. 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 01 ExchangebpFee GatebpOrdersPrice spread, now +0.030%Rate

Funding earned: $30.03
Price spread: +0.030% → +0.001%: $2.88
Slippage, 4 orders: −$2.35
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $8.56
Costs to cover: 0.243%
Break-even: 5.0 days

Slippage from 01 Exchange: live order book, 1 min ago; Gate: live order book, 1 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 01 Exchange live order book, 1 min ago	0.01 bp	4.2 bp −$4	10.5 bp −$105	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	0.01 bp	8.2 bp −$8	8.6 bp −$86	10.0 bp −$1,002	12.4 bp −$6,197

BTC on 55 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
Phoenix BTC	−0.0144%	1h	85,641	+0.117%	$2.2M	$10.5M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	85,666	+0.146%	$8K	$3K	50x	as long as short
01 Exchange BTCUSDlong	−0.0056%	1h	85,541.1	long leg	$363K	$2.4M	50x
Perpl BTC	0.0000%	43m	85,578.4	+0.044%	$516K	$20.9M	6.7x	as long as short
dYdX BTC-USD	+0.0001%	1h	85,611.9	+0.083%	$16.7M	$21.0M	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0004% / S −0.0004%	1h	85,563.6	+0.026%	$36.6M	—	200x	as long as short
Injective BTC/USDC PERP	+0.0020%	1h	85,691	+0.175%	$340K	$26.9M	52x	as long as short
Aster BTCUSDT	+0.0036%	8h	85,574.9	+0.039%	$496.2M	$1.14B	200x	as long as short
KuCoin XBTUSDTM	+0.0036%	8h	85,553.7	+0.015%	$900.8M	$756.4M	125x	as long as short
ApeX Omni BTCUSDT	+0.0037%	1h	85,595.3	+0.063%	$140.0M	$320.4M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
RISEx BTC/USDC	+0.0044%	1h	85,571.3	+0.035%	$7.9M	$42.4M	25x	as long as short
BingX BTC-USDC	+0.0054%	8h	85,562.8	+0.025%	—	$15.3M	—	as long as short
Reya BTCRUSDPERP	+0.0056%	1h	85,566	+0.029%	$6.7M	$146.1M	40x	as long as short
HTX BTC-USDT	+0.0058%	8h	85,534.2	−0.008%	$2.27B	$954.7M	200x	as long as short
Nado BTC-PERP	+0.0068%	1h	85,580.9	+0.046%	$22.6M	$229.3M	50x	as long as short
Bitget BTCUSDT	+0.0069%	8h	85,569.5	+0.033%	$2.94B	$5.12B	150x	as long as short
Aevo BTC-PERP	+0.0080%	1h	85,563.3	+0.026%	$2.5M	$1.8M	20x	as long as short
Gate BTC_USDTshort	+0.0087%	8h	85,566.7	+0.030%	$5.61B	$10.50B	200x
MEXC BTC_USDT	+0.0087%	8h	85,558.8	+0.021%	$5.06B	$5.71B	500x	as long as short
Binance BTCUSDT	+0.0089%	8h	85,580.7	+0.046%	$9.32B	$24.50B	150x	as long as short
Lighter BTC	+0.0096%	1h	85,558	+0.020%	$169.3M	$985.7M	50x	as long as short
Lighter RH BTC	+0.0096%	1h	85,564.6	+0.027%	$23.2M	$146.1M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	85,563	+0.026%	$8.4M	$52.1M	100x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	85,525	−0.019%	$206K	$7.5M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	85,560.1	+0.022%	$3.8M	$8.5M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	85,620	+0.092%	$3.76B	$5.00B	40x	as long as short
Pacifica BTC	+0.0100%	1h	85,604	+0.074%	$40.7M	$569.7M	50x	as long as short
Bybit BTCUSDT	+0.0100%	8h	85,613	+0.084%	$5.29B	$9.80B	150x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	85,622.8	+0.096%	$2.53B	$12.44B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	85,556	+0.017%	$3.9M	$17.9M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	85,538.2	−0.003%	$7.2M	$98.4M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	85,548	+0.008%	$35.1M	$162.6M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	85,619.2	+0.091%	$156.3M	$559.9M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	85,580.7	+0.046%	$278.2M	$944.9M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	85,597.4	+0.066%	$214.9M	$168.6M	50x	as long as short
StandX BTC-USD	+0.0100%	1h	85,582.3	+0.048%	$30.3M	$208.1M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	85,643.5	+0.120%	—	$11.8M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	85,569	+0.033%	$11.0M	$14.2M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	85,574.4	+0.039%	$189K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	85,575.3	+0.040%	$2.4M	$9.1M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	85,608.7	+0.079%	$186K	$709K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	85,571.7	+0.036%	$29.9M	$57.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	85,521.5	−0.023%	$2.9M	$6.6M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	85,569	+0.033%	$59.9M	$337.5M	40x	as long as short
Phemex BTCUSDT	+0.0100%	8h	85,553.1	+0.014%	$153.1M	$480.3M	150x	as long as short
Bulk BTC-USD	+0.0100%	1h	85,587.5	+0.054%	$583.6M	$150.2M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	85,542.6	+0.002%	$44.0M	$229.1M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0056%	1h	85,595.7	+0.064%	—	$101.9M	500x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	85,587.3	+0.054%	$130.7M	$5.21B	50x	as long as short
Deribit BTC-PERPETUAL	+0.0122%	1h	85,594.4	+0.062%	$894.0M	$1.54B	50x	as long as short
Hibachi BTC/USDT-P	+0.0128%	1h	85,673.6	+0.155%	$697K	$7.9M	30x	as long as short
Kraken Futures PF_XBTUSD	+0.0146%	1h	85,569.5	+0.033%	$188.5M	$966.6M	100x	as long as short
Aftermath Perps BTCUSD	+0.0160%	1h	85,637.1	+0.112%	$78K	$219K	20x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0204% / S −0.0191%	1h	85,579.1	+0.044%	$13.6M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0207%	8h	85,610	+0.081%	$10.0M	$771.1M	6.4x	as long as short