Funding arb · Price arb /

H

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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 0.000%

Price spread now: Gate against Bitget+0.087%7-day average +0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$589as in the Funding arb table

Net, price: spread back to 7d avg − costs−$585as in the Price arb table

costs, in and out, $10k−$5895.886% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.087%−$9 · spread now +0.087%, 7d avg +0.052%

Together, before fees−0.087%−$9 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 0.036% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HUSDT	0.06890	0.0100	pay 0.0050% / 4h	1h 41m	$1.7M	$456K	4x
Short	Gate H_USDT	0.06896	0.0100	get 0.0050% / 4h	1h 41m	$2.8M	$1.9M	10x

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

Position, each leg$Hold fordaysFee BitgetbpFee GatebpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → +0.052%: $3.56
Slippage, 4 orders: −$561.64
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$585.09
Costs to cover: 5.886%
Break-even: never at this rate

Slippage from Bitget: live order book, just now; Gate: live order book, 1 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 Bitget live order book, just now	2.18 bp	165.1 bp −$165	676.0 bp −$6,760	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	5.08 bp	165.2 bp −$165	doesn't fit	doesn't fit	doesn't fit

H 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−9.289%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06908	+0.256%	$115K	$52K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06899	+0.131%	$14.8M	$10.6M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06897	+0.099%	$7.5M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06903	+0.189%	$1.7M	$5.8M	10x	as long as short
Gate H_USDTshort	+0.0100%	4h	0.06896	+0.087%	$2.8M	$1.9M	10x
MEXC H_USDT	+0.0100%	4h	0.06901	+0.160%	$6.2M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06899	+0.131%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDTlong	+0.0100%	4h	0.06890	long leg	$1.7M	$456K	4x
BingX H-USDT	+0.0100%	4h	0.06911	+0.305%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06887	−0.046%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06898	+0.114%	$1.1M	$466K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06898	+0.111%	$11K	$107K	5x	as long as short
BloFin H-USDT	+0.0114%	4h	0.06901	+0.160%	$580K	$116K	25x	as long as short