Funding arb · Price arb /

CARV

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Swap Backtest

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: Gate against Bybit+0.392%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$884as in the Funding arb table

Net, price: spread back to 7d avg − costs−$853as in the Price arb table

costs, in and out, $10k−$8848.843% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.463%−$46 · spread now +0.392%, 7d avg +0.074%

Together, before fees−0.463%−$46 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 0.317% dearer against Bybit than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CARVUSDT	0.04596	0.0100	pay 0.0050% / 4h	3h 12m	$1.1M	$2.6M	20x
Short	Gate CARV_USDT	0.04614	0.0100	get 0.0050% / 4h	3h 12m	$127K	$150K	20x

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 +0.392%Rate

Funding earned: $0
Price spread: +0.392% → +0.074%: $31.74
Slippage, 4 orders: −$858.35
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$852.6
Costs to cover: 8.843%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Gate: 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 Bybit live order book, 4 min ago	6.41 bp	48.8 bp −$49	420.7 bp −$4,207	doesn't fit	doesn't fit
Sell Gate live order book, 54 min ago	17.43 bp	399.4 bp −$399	doesn't fit	doesn't fit	doesn't fit

CARV 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
Variational Omni CARV	−0.0172%	4h	0.04671	+1.625%	$494	$2K	—	as long as short
Bybit CARVUSDTlong	+0.0100%	4h	0.04596	long leg	$1.1M	$2.6M	20x
Gate CARV_USDTshort	+0.0100%	4h	0.04614	+0.392%	$127K	$150K	20x
KuCoin CARVUSDTM	+0.0100%	4h	0.04608	+0.261%	$180K	$45K	20x	as long as short
Bitget CARVUSDT	+0.0100%	4h	0.04612	+0.348%	$783K	$954K	25x	as long as short
MEXC CARV_USDT	+0.0230%	4h	0.04612	+0.348%	$246K	$234K	20x	as long as short
Binance CARVUSDT	+0.0238%	4h	0.04606	+0.218%	$1.8M	$11.0M	50x	as long as short
BingX CARV-USDT	+0.0800%	4h	0.04614	+0.392%	—	$1.4M	—	as long as short