Settings8H · net · $10k
Funding arb · Price arb /

CTR

all CTR markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0646%/8h= +70.7% APRnext payment +$3.23 per $10,000 · paid last 24h +0.192%
Price spread now: Bitget against Gate−0.335%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$735as in the Funding arb table
Net, price: spread back to 7d avg − costs−$825as in the Price arb table
costs, in and out, $10k−$7927.925% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.578%+$58 on $10k
Price spread, last 4 days (all we have)+0.644%+$64 · spread now −0.335%, 7d avg −0.010%
Together, before fees+1.221%+$122 on $10k · with fees, hour by hour
Funding pays, the price is against you. Bitget is 0.325% cheaper against Gate than usual: you would sell low and buy high (spread −0.335% now, against its 7-day average of −0.010%). If the spread goes back, that is −$33 on $10k: about 40 hours of funding at the current rate (+$19 a day). At the pace of the last 7 days (+0.578% in total) that is about 3.9 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate CTR_USDT0.011940.0100pay 0.0050% / 4h1h 25m$115K$16K20x
ShortBitget CTRUSDT0.011900.0746get 0.0373% / 4h1h 25m$543K$56K20x

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

Funding earned
$135.66
Price spread: −0.335% → −0.010%
−$32.54
Slippage, 4 orders
−$765.49
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$689.36
Costs to cover
7.925%
Break-even
42.6 days
Slippage from Gate: live order book, 50 min ago; Bitget: live order book, 55 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 50 min ago29.28 bp322.9 bp −$323doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 55 min ago16.79 bp46.4 bp −$46498.5 bp −$4,985doesn't fitdoesn't fit

CTR on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter CTR+0.0096%1h0.01188−0.503%$10K$3193xas long as short
Bybit CTRUSDT+0.0100%4h0.01191−0.293%$250K$124K20xas long as short
Gate CTR_USDTlong+0.0100%4h0.01194long leg$115K$16K20x
KuCoin CTRUSDTM+0.0100%4h0.01188−0.503%$276K$341K20xas long as short
Aster CTRUSDT+0.0575%4h0.01189−0.396%$9K$6K5xas long as short
Bitget CTRUSDTshort+0.0746%4h0.01190−0.335%$543K$56K20x
MEXC CTR_USDT+0.0918%4h0.01190−0.335%$604K$157K20xas long as short
Binance CTRUSDT+0.0918%4h0.01190−0.319%$2.2M$829K20xas long as short