Funding arb · Price arb /

GAS

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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 −0.033%

Price spread now: Bitget against Gate+0.071%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1471.474% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.071%, 7d avg +0.009%

Together, before fees−0.056%−$6 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 0.062% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate GAS_USDT	1.4050	0.0100	pay 0.0050% / 4h	2h 10m	$110K	$71K	25x
Short	Bitget GASUSDT	1.4060	0.0100	get 0.0050% / 4h	2h 10m	$396K	$296K	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 +0.071%Rate

Funding earned: $0
Price spread: +0.071% → +0.009%: $6.2
Slippage, 4 orders: −$120.39
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$141.19
Costs to cover: 1.474%
Break-even: never at this rate

Slippage from Gate: live order book, 7 min ago; Bitget: live order book, 50 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, 7 min ago	3.55 bp	39.3 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 50 min ago	3.56 bp	30.3 bp −$30	106.3 bp −$1,063	doesn't fit	doesn't fit

GAS 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
Hyperliquid GAS	+0.0100%	1h	1.4042	−0.057%	$106K	$60K	3x	as long as short
Binance GASUSDT	+0.0100%	4h	1.4039	−0.081%	$1.5M	$1.7M	50x	as long as short
Bybit GASUSDT	+0.0100%	4h	1.4058	+0.057%	$842K	$307K	25x	as long as short
OKX GAS-USDT-SWAP	+0.0100%	4h	1.4013	−0.263%	$379K	$276K	20x	as long as short
Gate GAS_USDTlong	+0.0100%	4h	1.4050	long leg	$110K	$71K	25x
MEXC GAS_USDT	+0.0100%	4h	1.4040	−0.071%	$876K	$135K	50x	as long as short
KuCoin GASUSDTM	+0.0100%	4h	1.4038	−0.085%	$183K	$15K	30x	as long as short
Bitget GASUSDTshort	+0.0100%	4h	1.4060	+0.071%	$396K	$296K	50x
BingX GAS-USDT	+0.0100%	4h	1.4050	0.000%	—	$2.3M	—	as long as short
Variational Omni GAS	+0.0100%	4h	1.4056	+0.043%	$5K	$2	—	as long as short