Settings8H · net · $10k
Funding arb · Price arb /

NEWT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.037%
Price spread now: Gate against Bybit−0.020%7-day average −0.259% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.097%+$10 on $10k
Price spread, last 4 days (all we have)−0.446%−$45 · spread now −0.020%, 7d avg −0.259%
Together, before fees−0.348%−$35 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 0.239% dearer against Bybit than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.259%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit NEWTUSDT0.049740.0100pay 0.0050% / 4h3h 12m$627K$666K20x
ShortGate NEWT_USDT0.049730.0100get 0.0100% / 8h3h 12m$156K$84K10x

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

Funding earned
$0
Price spread: −0.020% → −0.259%
$23.86
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$2.14
Costs to cover
0.260%
Break-even
never at this rate
Slippage unknown: Bybit: live order book, 33 min ago; Gate: live order book, 33 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 33 min ago5.04 bp119.7 bp −$120629.4 bp −$6,294doesn't fitdoesn't fit
Sell Gate live order book, 33 min ago8.07 bp26.7 bp −$27doesn't fitdoesn't fitdoesn't fit

NEWT on 6 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance NEWTUSDT+0.0100%4h0.04974−0.003%$1.4M$2.4M25xas long as short
Bybit NEWTUSDTlong+0.0100%4h0.04974long leg$627K$666K20x
Gate NEWT_USDTshort+0.0100%8h0.04973−0.020%$156K$84K10x
MEXC NEWT_USDT+0.0100%4h0.049740.000%$445K$188K50xas long as short
KuCoin NEWTUSDTM+0.0100%4h0.04976+0.040%$333K$40K25xas long as short
Bitget NEWTUSDT+0.0100%4h0.04977+0.060%$356K$244K20xas long as short