Funding arb · Price arb /

FOLKS

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Gate+0.355%7-day average +0.243% · you sell dearer than you buy

Net, funding: paid 7d − costs−$389as in the Funding arb table

Net, price: spread back to 7d avg − costs−$379as in the Price arb table

costs, in and out, $10k−$3903.901% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.230%−$23 · spread now +0.355%, 7d avg +0.243%

Together, before fees−0.221%−$22 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 0.112% dearer against Gate than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.243%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate FOLKS_USDT	2.1410	0.0100	pay 0.0100% / 8h	6h 32m	$247K	$108K	50x
Short	Bitget FOLKSUSDT	2.1486	0.0100	get 0.0050% / 4h	2h 32m	$1.0M	$159K	50x

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 +0.355%Rate

Funding earned: $0
Price spread: +0.355% → +0.243%: $11.24
Slippage, 4 orders: −$363.11
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$378.87
Costs to cover: 3.901%
Break-even: never at this rate

Slippage from Gate: live order book, 29 min ago; Bitget: live order book, 3 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, 29 min ago	4.69 bp	113.9 bp −$114	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	6.52 bp	50.7 bp −$51	473.3 bp −$4,733	doesn't fit	doesn't fit

FOLKS 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
Lighter FOLKS	+0.0096%	1h	2.1514	+0.486%	$73K	$2K	3x	as long as short
Aster FOLKSUSDT	+0.0100%	4h	2.1469	+0.276%	$44K	$12K	5x	as long as short
Binance FOLKSUSDT	+0.0100%	4h	2.1490	+0.374%	$6.3M	$1.5M	50x	as long as short
Bybit FOLKSUSDT	+0.0100%	4h	2.1456	+0.215%	$1.2M	$308K	20x	as long as short
Gate FOLKS_USDTlong	+0.0100%	8h	2.1410	long leg	$247K	$108K	50x
MEXC FOLKS_USDT	+0.0100%	4h	2.1480	+0.327%	$938K	$177K	100x	as long as short
KuCoin FOLKSUSDTM	+0.0100%	4h	2.1360	−0.234%	$1.2M	$2.0M	50x	as long as short
Bitget FOLKSUSDTshort	+0.0100%	4h	2.1486	+0.355%	$1.0M	$159K	50x
BingX FOLKS-USDT	+0.0100%	4h	2.1480	+0.327%	—	$6.5M	—	as long as short
Variational Omni FOLKS	+0.0100%	4h	2.1434	+0.111%	$14K	$5K	—	as long as short