Settings8H · net · $10k
Funding arb · Price arb /

C

all C markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0572%/8h= −62.6% APRnext payment $2.86 per $10,000 · paid last 24h −0.019%
Price spread now: Bitget against Gate−0.311%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$203as in the Funding arb table
Net, price: spread back to 7d avg − costs−$242as in the Price arb table
costs, in and out, $10k−$2182.175% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.140%+$14 on $10k
Price spread, last 7 days+0.179%+$18 · spread now −0.311%, 7d avg −0.063%
Together, before fees+0.320%+$32 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Bitget is 0.248% cheaper against Gate than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of −0.063%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.140%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.140% in total (about 7.3% a year). A funding rate is set anew for every payment; at this rate the next one is about $2.86 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate C_USDT0.080430.0672pay 0.0336% / 4h6m 40s$328K$485K20x
ShortBitget CUSDT0.080180.0100get 0.0050% / 4h6m 40s$455K$1.0M20x

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

Funding earned
−$120.12
Price spread: −0.311% → −0.063%
−$24.82
Slippage, 4 orders
−$190.52
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$362.45
Costs to cover
2.175%
Break-even
never at this rate
Slippage from Gate: live order book, 49 min ago; Bitget: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 49 min ago5.60 bp74.1 bp −$749327.3 bp −$93.3Kdoesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago2.50 bp33.9 bp −$34267.3 bp −$2,673doesn't fitdoesn't fit

C on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster CUSDT+0.0100%4h0.08016−0.332%$32K$100K5xas long as short
Binance CUSDT+0.0100%4h0.08023−0.249%$6.6M$11.6M50xas long as short
MEXC C_USDT+0.0100%4h0.08022−0.261%$214K$200K50xas long as short
KuCoin CUSDTM+0.0100%4h0.08005−0.472%$644K$137K25xas long as short
Bitget CUSDTshort+0.0100%4h0.08018−0.311%$455K$1.0M20x
Variational Omni C+0.0100%4h0.07997−0.572%$616$7Kas long as short
Gate C_USDTlong+0.0672%4h0.08043long leg$328K$485K20x
BingX C-USDT+0.0984%4h0.08025−0.224%$2.4Mas long as short
Bybit CUSDT+0.1052%4h0.08024−0.236%$1.1M$1.7M13xas long as short