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

F

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h −0.113%
Price spread now: Gate against Bitget−0.027%7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$900.898% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.463%−$46 on $10k
Price spread, last 7 days+0.094%+$9 · spread now −0.027%, 7d avg +0.024%
Together, before fees−0.369%−$37 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Gate is 0.051% cheaper against Bitget than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.024%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget FUSDT0.0037250.0100pay 0.0050% / 4h1h 24m$495K$981K50x
ShortGate F_USDT0.0037240.0070get 0.0070% / 8h1h 24m$180K$1.4M25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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
−$6.3
Price spread: −0.027% → +0.024%
−$5.09
Slippage, 4 orders
−$62.77
Fee Bitget: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$101.16
Costs to cover
0.898%
Break-even
never at this rate
Slippage from Bitget: live order book, 16 min ago; Gate: live order book, 2 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 Bitget live order book, 16 min ago2.68 bp15.3 bp −$1551.4 bp −$514doesn't fitdoesn't fit
Sell Gate live order book, 2 min ago1.34 bp23.9 bp −$24243.0 bp −$2,430doesn't fitdoesn't fit

F on 10 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
Gate F_USDTshort+0.0070%8h0.003724−0.027%$180K$1.4M25x
Aster FUSDT+0.0100%4h0.003726+0.022%$15K$24K5xas long as short
Binance FUSDT+0.0100%4h0.0037250.000%$4.0M$7.4M50xas long as short
Bybit FUSDT+0.0100%4h0.003722−0.081%$2.4M$2.5M25xas long as short
OKX F-USDT-SWAP+0.0100%4h0.003723−0.054%$741K$2.2M20xas long as short
MEXC F_USDT+0.0100%4h0.003724−0.027%$637K$180K50xas long as short
KuCoin FUSDTM+0.0100%4h0.003724−0.027%$784K$1.3M30xas long as short
Bitget FUSDTlong+0.0100%4h0.003725long leg$495K$981K50x
BingX F-USDT+0.0100%4h0.003723−0.054%$6.6Mas long as short
Variational Omni F+0.0100%4h0.003721−0.106%$702$379as long as short