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: Bybit against Gate−0.087%7-day average −0.148% · you buy dearer than you sell

Net, funding: paid 7d − costs−$459as in the Funding arb table

Net, price: spread back to 7d avg − costs−$453as in the Price arb table

costs, in and out, $10k−$4594.594% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.126%−$13 · spread now −0.087%, 7d avg −0.148%

Together, before fees−0.126%−$13 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: Bybit is 0.061% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.148%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate H_USDT	0.06899	0.0100	pay 0.0050% / 4h	1h 15m	$2.8M	$1.9M	10x
Short	Bybit HUSDT	0.06893	0.0100	get 0.0050% / 4h	1h 15m	$7.5M	$4.6M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.087%Rate

Funding earned: $0
Price spread: −0.087% → −0.148%: $6.07
Slippage, 4 orders: −$433.44
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$453.37
Costs to cover: 4.594%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	5.80 bp	116.5 bp −$117	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.72 bp	43.9 bp −$44	182.1 bp −$1,821	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	−9.407%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0095%	4h	0.06904	+0.072%	$585K	$115K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06909	+0.139%	$114K	$53K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06906	+0.101%	$14.8M	$10.6M	10x	as long as short
Bybit HUSDTshort	+0.0100%	4h	0.06893	−0.087%	$7.5M	$4.6M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.06909	+0.145%	$1.7M	$5.8M	10x	as long as short
Gate H_USDTlong	+0.0100%	4h	0.06899	long leg	$2.8M	$1.9M	10x
MEXC H_USDT	+0.0100%	4h	0.06912	+0.188%	$6.2M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06902	+0.043%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06895	−0.058%	$1.7M	$451K	4x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06899	0.000%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06904	+0.074%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06915	+0.232%	$1.1M	$437K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06905	+0.080%	$11K	$107K	5x	as long as short