Funding arb · Price arb /

CROSS

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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: Gate against Bybit+0.047%7-day average −0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,861as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,850as in the Price arb table

costs, in and out, $10k−$1,86418.637% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−0.062%−$6 · spread now +0.047%, 7d avg −0.090%

Together, before fees−0.031%−$3 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 0.137% dearer against Bybit than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CROSSUSDT	0.1496	0.0100	pay 0.0050% / 4h	2h 10m	$680K	$645K	20x
Short	Gate CROSS_USDT	0.1496	0.0100	get 0.0050% / 4h	2h 10m	$186K	$49K	20x

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 +0.047%Rate

Funding earned: $0
Price spread: +0.047% → −0.090%: $13.66
Slippage, 4 orders: −$1,837.71
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$1,850.05
Costs to cover: 18.637%
Break-even: never at this rate

Slippage from Bybit: live order book, 54 min ago; Gate: live order book, 51 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, 54 min ago	3.66 bp	144.2 bp −$144	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 51 min ago	11.00 bp	1169.7 bp −$1,170	doesn't fit	doesn't fit	doesn't fit

CROSS 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 CROSSUSDT	+0.0100%	4h	0.1496	+0.040%	$1.6M	$3.1M	40x	as long as short
Bybit CROSSUSDTlong	+0.0100%	4h	0.1496	long leg	$680K	$645K	20x
Gate CROSS_USDTshort	+0.0100%	4h	0.1496	+0.047%	$186K	$49K	20x
MEXC CROSS_USDT	+0.0100%	4h	0.1496	+0.027%	$322K	$157K	100x	as long as short
KuCoin CROSSUSDTM	+0.0100%	4h	0.1495	−0.027%	$272K	$31K	20x	as long as short
Bitget CROSSUSDT	+0.0100%	4h	0.1495	−0.067%	$1.3M	$205K	20x	as long as short
BingX CROSS-USDT	+0.0100%	4h	0.1496	−0.007%	—	$1.3M	—	as long as short
Variational Omni CROSS	+0.0100%	4h	0.1496	+0.013%	$688	$2K	—	as long as short