Funding arb · Price arb /

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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 Bitget+0.103%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$285as in the Funding arb table

Net, price: spread back to 7d avg − costs−$270as in the Price arb table

costs, in and out, $10k−$2812.814% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.103%, 7d avg −0.014%

Together, before fees−0.157%−$16 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 0.118% dearer against Bitget than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LAYERUSDT	0.07737	0.0100	pay 0.0050% / 4h	8m 49s	$1.1M	$141K	50x
Short	Gate LAYER_USDT	0.07745	0.0100	get 0.0050% / 4h	8m 49s	$139K	$47K	20x

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 +0.103%Rate

Funding earned: $0
Price spread: +0.103% → −0.014%: $11.78
Slippage, 4 orders: −$254.43
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$269.64
Costs to cover: 2.814%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Gate: live order book, 42 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, 2 min ago	10.36 bp	33.9 bp −$34	188.7 bp −$1,887	doesn't fit	doesn't fit
Sell Gate live order book, 42 min ago	11.12 bp	122.3 bp −$122	doesn't fit	doesn't fit	doesn't fit

LAYER on 13 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
Kraken Futures PF_LAYERUSD	−0.0505%	1h	0.07745	+0.110%	$8K	$54	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−5.984%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07751	+0.185%	$601K	$167K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07741	+0.053%	$10K	$4K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07740	+0.036%	$2.1M	$2.6M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07731	−0.078%	$725K	$750K	20x	as long as short
Gate LAYER_USDTshort	+0.0100%	4h	0.07745	+0.103%	$139K	$47K	20x
MEXC LAYER_USDT	+0.0100%	4h	0.07740	+0.039%	$367K	$122K	20x	as long as short
Bitget LAYERUSDTlong	+0.0100%	4h	0.07737	long leg	$1.1M	$141K	50x
BingX LAYER-USDT	+0.0100%	4h	0.07743	+0.078%	—	$1.6M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07730	−0.090%	$17K	$193K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07737	+0.002%	$839	$174K	5x	as long as short
BloFin LAYER-USDT	+0.0121%	4h	0.07723	−0.181%	$115K	$16K	50x	as long as short