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

C98

all C98 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Gate+0.245%7-day average −0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$731as in the Funding arb table
Net, price: spread back to 7d avg − costs−$705as in the Price arb table
costs, in and out, $10k−$7317.310% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.002%$0 on $10k
Price spread, last 4 days (all we have)−0.244%−$24 · spread now +0.245%, 7d avg −0.018%
Together, before fees−0.242%−$24 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 0.263% dearer against Gate than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.018%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate C98_USDT0.016350.0100pay 0.0100% / 8h2h 01m$110K$50K25x
ShortBitget C98USDT0.016390.0100get 0.0100% / 8h2h 01m$192K$348K50x

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
$0
Price spread: +0.245% → −0.018%
$26.28
Slippage, 4 orders
−$703.99
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$704.71
Costs to cover
7.310%
Break-even
never at this rate
Slippage from Gate: live order book, 39 min ago; Bitget: live order book, 39 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, 39 min ago6.17 bp425.8 bp −$42650482.8 bp −$504.8Kdoesn't fitdoesn't fit
Sell Bitget live order book, 39 min ago9.26 bp35.0 bp −$35203.1 bp −$2,031doesn't fitdoesn't fit

C98 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
Kraken Futures PF_C98USD−0.0024%1h0.01639+0.233%$15K$4K10xas long as short
Binance C98USDT+0.0100%8h0.01638+0.183%$1.4M$2.0M50xas long as short
Bybit C98USDT+0.0100%8h0.01639+0.245%$870K$297K25xas long as short
Gate C98_USDTlong+0.0100%8h0.01635long leg$110K$50K25x
MEXC C98_USDT+0.0100%8h0.01636+0.061%$283K$107K100xas long as short
KuCoin C98USDTM+0.0100%8h0.01638+0.183%$198K$38K20xas long as short
Bitget C98USDTshort+0.0100%8h0.01639+0.245%$192K$348K50x
Variational Omni C98+0.0100%8h0.01634−0.048%$8K$202as long as short
BloFin C98-USDT+0.0105%8h0.01639+0.245%$130K$14K50xas long as short