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 +0.051%

Price spread now: Bitget against Gate−0.065%7-day average +0.172% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,657as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,710as in the Price arb table

costs, in and out, $10k−$1,68716.868% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.299%+$30 on $10k

Price spread, last 4 days (all we have)+0.262%+$26 · spread now −0.065%, 7d avg +0.172%

Together, before fees+0.562%+$56 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 0.237% cheaper against Gate than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of +0.172%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CARV_USDT	0.04620	0.0100	pay 0.0050% / 4h	1h 08m	$124K	$166K	20x
Short	Bitget CARVUSDT	0.04617	0.0100	get 0.0050% / 4h	1h 08m	$779K	$1.1M	25x

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

Position, each leg$Hold fordaysFee GatebpFee BitgetbpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → +0.172%: −$23.67
Slippage, 4 orders: −$1,659.8
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$1,710.47
Costs to cover: 16.868%
Break-even: never at this rate

Slippage from Gate: live order book, 49 min ago; Bitget: live order book, 3 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 Gate live order book, 49 min ago	19.36 bp	1140.6 bp −$1,141	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	9.69 bp	70.2 bp −$70	305.8 bp −$3,058	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	+0.0094%	4h	0.04599	−0.462%	$545	$2K	—	as long as short
Binance CARVUSDT	+0.0100%	4h	0.04613	−0.153%	$1.6M	$13.1M	50x	as long as short
Bybit CARVUSDT	+0.0100%	4h	0.04600	−0.433%	$1.2M	$3.2M	20x	as long as short
Gate CARV_USDTlong	+0.0100%	4h	0.04620	long leg	$124K	$166K	20x
MEXC CARV_USDT	+0.0100%	4h	0.04614	−0.130%	$218K	$270K	20x	as long as short
KuCoin CARVUSDTM	+0.0100%	4h	0.04613	−0.152%	$174K	$45K	20x	as long as short
Bitget CARVUSDTshort	+0.0100%	4h	0.04617	−0.065%	$779K	$1.1M	25x
BingX CARV-USDT	+0.0800%	4h	0.04611	−0.195%	—	$1.4M	—	as long as short