Funding arb · Price arb /

CC

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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: Bitget against Gate−0.017%7-day average +0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$211as in the Funding arb table

Net, price: spread back to 7d avg − costs−$222as in the Price arb table

costs, in and out, $10k−$2112.114% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.045%+$4 · spread now −0.017%, 7d avg +0.087%

Together, before fees+0.051%+$5 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 0.104% cheaper against Gate than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CC_USDT	0.1170	0.0100	pay 0.0050% / 4h	58m 20s	$362K	$216K	50x
Short	Bitget CCUSDT	0.1170	0.0100	get 0.0050% / 4h	58m 20s	$916K	$774K	20x

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 −0.017%Rate

Funding earned: $0
Price spread: −0.017% → +0.087%: −$10.37
Slippage, 4 orders: −$184.35
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$221.73
Costs to cover: 2.114%
Break-even: never at this rate

Slippage from Gate: live order book, 62 min ago; Bitget: live order book, 63 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, 62 min ago	11.47 bp	43.0 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 63 min ago	2.97 bp	25.8 bp −$26	88.5 bp −$885	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	−0.3024%	1h	0.1180	+0.855%	$402	$3K	5.5x	as long as short
Bybit CCUSDT	−0.0143%	4h	0.1166	−0.308%	$10.6M	$3.8M	25x	as long as short
MEXC CC_USDT	−0.0136%	4h	0.1169	−0.120%	$1.7M	$323K	100x	as long as short
Paradex CC-USD-PERP	+0.0098%	8h	0.1170	−0.010%	$1K	—	5x	as long as short
Hyperliquid CC	+0.0100%	1h	0.1170	+0.026%	$5.5M	$1.4M	3x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1169	−0.051%	$35K	$32K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1167	−0.275%	$11.0M	$12.1M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1166	−0.342%	$2.5M	$3.4M	20x	as long as short
Gate CC_USDTlong	+0.0100%	4h	0.1170	long leg	$362K	$216K	50x
KuCoin CCUSDTM	+0.0100%	4h	0.1170	+0.017%	$482K	$122K	50x	as long as short

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CCUSDTshort	+0.0100%	4h	0.1170	−0.017%	$916K	$774K	20x
BingX CC-USDT	+0.0100%	4h	0.1168	−0.171%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1169	−0.077%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1170	−0.033%	$595K	$55K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1170	−0.024%	$90K	$2.4M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1167	−0.293%	$6K	$35K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1168	−0.179%	$597K	$98K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0447% / S −0.0241%	1h	0.1169	−0.127%	$44K	—	50x	as long as short
Lighter CC	+0.0592%	1h	0.1172	+0.197%	$243K	$160K	5x	as long as short