Funding arb · Price arb /

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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 +0.006%

Price spread now: Bitget against Gate+0.145%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$992as in the Funding arb table

Net, price: spread back to 7d avg − costs−$977as in the Price arb table

costs, in and out, $10k−$9909.901% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.145%, 7d avg +0.013%

Together, before fees−0.076%−$8 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 0.132% dearer against Gate than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate CLANKER_USDT	13.750	0.0100	pay 0.0050% / 4h	2h 44m	$120K	$158K	25x
Short	Bitget CLANKERUSDT	13.770	0.0100	get 0.0050% / 4h	2h 44m	$629K	$519K	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 +0.145%Rate

Funding earned: $0
Price spread: +0.145% → +0.013%: $13.22
Slippage, 4 orders: −$963.1
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$976.88
Costs to cover: 9.901%
Break-even: never at this rate

Slippage from Gate: live order book, 62 min ago; Bitget: live order book, 1 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	10.70 bp	690.0 bp −$690	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	7.27 bp	43.0 bp −$43	287.6 bp −$2,876	doesn't fit	doesn't fit

CLANKER on 10 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
BloFin CLANKER-USDT	+0.0087%	4h	13.800	+0.364%	$119K	$21K	25x	as long as short
Binance CLANKERUSDT	+0.0100%	4h	13.756	+0.042%	$1.8M	$5.3M	25x	as long as short
Bybit CLANKERUSDT	+0.0100%	4h	13.760	+0.073%	$649K	$1.0M	20x	as long as short
Gate CLANKER_USDTlong	+0.0100%	4h	13.750	long leg	$120K	$158K	25x
MEXC CLANKER_USDT	+0.0100%	4h	13.750	0.000%	$378K	$247K	50x	as long as short
KuCoin CLANKERUSDTM	+0.0100%	4h	13.720	−0.218%	$331K	$158K	25x	as long as short
Bitget CLANKERUSDTshort	+0.0100%	4h	13.770	+0.145%	$629K	$519K	20x
BingX CLANKER-USDT	+0.0100%	4h	13.790	+0.291%	—	$6.8M	—	as long as short
Variational Omni CLANKER	+0.0100%	4h	13.799	+0.357%	$27K	$26K	—	as long as short
Aster CLANKERUSDT	+0.0325%	4h	13.762	+0.084%	$17K	$32K	5x	as long as short