Funding arb · Price arb /

CARV

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Gate−1.084%7-day average −0.075% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Bybit

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)+1.138%+$114 · spread now −1.084%, 7d avg −0.075%

Together, before fees+1.138%+$114 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: Bybit is 1.009% cheaper against Gate than usual: you would sell low and buy high, −$101 on $10k if it goes back to its 7-day average of −0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CARV_USDT	0.04429	0.0100	pay 0.0050% / 4h	1h 44m	$110K	$33K	20x
Short	Bybit CARVUSDT	0.04381	0.0100	get 0.0050% / 4h	1h 44m	$893K	$726K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −1.084%Rate

Funding earned: $0
Price spread: −1.084% → −0.075%: −$100.85
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$126.85
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 37 min ago; Bybit: live order book, 15 min ago. Net counts fees only.

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, 37 min ago	15.47 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 15 min ago	4.69 bp	57.9 bp −$58	489.0 bp −$4,890	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
Binance CARVUSDT	+0.0100%	4h	0.04390	−0.881%	$1.3M	$1.8M	50x	as long as short
Bybit CARVUSDTshort	+0.0100%	4h	0.04381	−1.084%	$893K	$726K	20x
Gate CARV_USDTlong	+0.0100%	4h	0.04429	long leg	$110K	$33K	20x
MEXC CARV_USDT	+0.0100%	4h	0.04400	−0.655%	$94K	$96K	20x	as long as short
KuCoin CARVUSDTM	+0.0100%	4h	0.04394	−0.790%	$163K	$35K	20x	as long as short
Bitget CARVUSDT	+0.0100%	4h	0.04394	−0.790%	$729K	$269K	25x	as long as short
Variational Omni CARV	+0.0100%	4h	0.04458	+0.660%	$468	$1	—	as long as short
BingX CARV-USDT	+0.0800%	4h	0.04383	−1.039%	—	$1.3M	—	as long as short