Funding arb · Price arb /

GIGGLE

all GIGGLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: Gate against Bybit−0.104%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$1141.140% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.104%, 7d avg −0.033%

Together, before fees−0.001%$0 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 0.071% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GIGGLEUSDT	38.630	0.0100	pay 0.0050% / 4h	1h 40m	$1.6M	$1.7M	25x
Short	Gate GIGGLE_USDT	38.590	0.0100	get 0.0050% / 4h	1h 40m	$385K	$544K	50x

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 −0.104%Rate

Funding earned: $0
Price spread: −0.104% → −0.033%: −$7.06
Slippage, 4 orders: −$87.97
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$121.04
Costs to cover: 1.140%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Gate: live order book, 41 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, 1 min ago	2.59 bp	30.0 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 41 min ago	5.18 bp	28.4 bp −$28	doesn't fit	doesn't fit	doesn't fit

GIGGLE on 14 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
Aster GIGGLEUSDT	+0.0100%	4h	38.554	−0.196%	$51K	$112K	5x	as long as short
Binance GIGGLEUSDT	+0.0100%	4h	38.615	−0.039%	$10.9M	$13.2M	50x	as long as short
Bybit GIGGLEUSDTlong	+0.0100%	4h	38.630	long leg	$1.6M	$1.7M	25x
OKX GIGGLE-USDT-SWAP	+0.0100%	4h	38.630	0.000%	$1.2M	$3.9M	50x	as long as short
Gate GIGGLE_USDTshort	+0.0100%	4h	38.590	−0.104%	$385K	$544K	50x
KuCoin GIGGLEUSDTM	+0.0100%	4h	38.540	−0.233%	$2.1M	$4.4M	50x	as long as short
Bitget GIGGLEUSDT	+0.0100%	4h	38.590	−0.104%	$1.7M	$493K	25x	as long as short
Variational Omni GIGGLE	+0.0100%	4h	38.586	−0.115%	$27K	$4K	—	as long as short
GRVT GIGGLE_USDT_Perp	+0.0100%	4h	38.475	−0.402%	$195K	$612K	10x	as long as short
SunX GIGGLE-USDT	+0.0100%	4h	38.560	−0.181%	$1K	$1.3M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GIGGLE-USD	+0.0104%	1h	38.607	−0.059%	$2K	$184K	5x	as long as short
BloFin GIGGLE-USDT	+0.0152%	4h	38.530	−0.259%	$472K	$29K	50x	as long as short
MEXC GIGGLE_USDT	+0.0214%	4h	38.570	−0.155%	$1.5M	$624K	50x	as long as short
BingX GIGGLE-USDT	+0.0214%	4h	38.630	0.000%	—	$6.7M	—	as long as short