Funding arb · Price arb /

H

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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 0.000%

Price spread now: Gate against Bybit−0.014%7-day average +0.146% · you buy dearer than you sell

Net, funding: paid 7d − costs−$436as in the Funding arb table

Net, price: spread back to 7d avg − costs−$452as in the Price arb table

costs, in and out, $10k−$4364.359% of the position

Long on Bybit 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+0.237%+$24 · spread now −0.014%, 7d avg +0.146%

Together, before fees+0.237%+$24 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 0.160% cheaper against Bybit than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.146%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HUSDT	0.07029	0.0100	pay 0.0050% / 4h	3h 43m	$7.7M	$4.6M	13x
Short	Gate H_USDT	0.07028	0.0100	get 0.0050% / 4h	3h 43m	$2.9M	$1.8M	10x

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 −0.014%Rate

Funding earned: $0
Price spread: −0.014% → +0.146%: −$15.99
Slippage, 4 orders: −$409.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$451.92
Costs to cover: 4.359%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 4 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, 5 min ago	4.28 bp	41.5 bp −$41	198.3 bp −$1,983	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	6.42 bp	248.8 bp −$249	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	−11.083%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.07040	+0.160%	$116K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.07039	+0.143%	$15.1M	$10.6M	10x	as long as short
Bybit HUSDTlong	+0.0100%	4h	0.07029	long leg	$7.7M	$4.6M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.07042	+0.185%	$1.8M	$6.0M	10x	as long as short
Gate H_USDTshort	+0.0100%	4h	0.07028	−0.014%	$2.9M	$1.8M	10x
MEXC H_USDT	+0.0100%	4h	0.07035	+0.085%	$6.3M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.07030	+0.014%	$1.6M	$9.9M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.07017	−0.171%	$1.7M	$450K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.07037	+0.114%	—	$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	0.07007	−0.307%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07038	+0.130%	$1.2M	$437K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.07037	+0.107%	$9K	$107K	5x	as long as short
BloFin H-USDT	+0.0136%	4h	0.07047	+0.256%	$602K	$118K	25x	as long as short