Funding arb · Price arb /

CC

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against Bybit−0.112%7-day average −0.049% · you buy dearer than you sell

Net, funding: paid 7d − costs−$202as in the Funding arb table

Net, price: spread back to 7d avg − costs−$216as in the Price arb table

costs, in and out, $10k−$2102.095% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now −0.112%, 7d avg −0.049%

Together, before fees+0.063%+$6 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 0.063% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.049%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CCUSDT	0.1163	0.0100	pay 0.0050% / 4h	1h 01m	$10.5M	$3.7M	25x
Short	Gate CC_USDT	0.1162	0.0100	get 0.0050% / 4h	1h 01m	$360K	$213K	50x

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 −0.112%Rate

Funding earned: $0
Price spread: −0.112% → −0.049%: −$6.29
Slippage, 4 orders: −$183.51
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$215.81
Costs to cover: 2.095%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 14 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, 2 min ago	3.44 bp	33.3 bp −$33	381.5 bp −$3,815	doesn't fit	doesn't fit
Sell Gate live order book, 14 min ago	10.77 bp	78.1 bp −$78	doesn't fit	doesn't fit	doesn't fit

CC on 19 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
Injective CC/USDC PERP	−0.3951%	1h	0.1150	−1.118%	$6K	$100	5.5x	as long as short
Paradex CC-USD-PERP	+0.0095%	8h	0.1164	+0.061%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1163	+0.025%	$34K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1163	+0.026%	$11.0M	$11.1M	75x	as long as short
Bybit CCUSDTlong	+0.0100%	4h	0.1163	long leg	$10.5M	$3.7M	25x
OKX CC-USDT-SWAP	+0.0100%	4h	0.1165	+0.138%	$2.5M	$3.4M	20x	as long as short
Gate CC_USDTshort	+0.0100%	4h	0.1162	−0.112%	$360K	$213K	50x
MEXC CC_USDT	+0.0100%	4h	0.1163	+0.026%	$1.6M	$317K	100x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1164	+0.060%	$493K	$115K	50x	as long as short
Bitget CCUSDT	+0.0100%	4h	0.1164	+0.086%	$928K	$788K	20x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDT	+0.0100%	4h	0.1163	+0.034%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1163	+0.043%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1161	−0.185%	$578K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1162	−0.090%	$78K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1162	−0.051%	$5K	$35K	6.7x	as long as short
Hyperliquid CC	+0.0324%	1h	0.1166	+0.267%	$5.4M	$1.3M	3x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1163	−0.026%	$584K	$105K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0442% / S −0.0239%	1h	0.1164	+0.077%	$43K	—	50x	as long as short
Lighter CC	+0.1240%	1h	0.1168	+0.430%	$234K	$152K	5x	as long as short