Funding arb · Price arb /

NOT

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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−0.138%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$127as in the Funding arb table

Net, price: spread back to 7d avg − costs−$136as in the Price arb table

costs, in and out, $10k−$1261.258% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 4 days (all we have)+0.149%+$15 · spread now −0.138%, 7d avg −0.034%

Together, before fees+0.134%+$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: Gate is 0.104% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NOTUSDT	0.0005063	0.0100	pay 0.0050% / 4h	2h 19m	$665K	$382K	50x
Short	Gate NOT_USDT	0.0005056	0.0100	get 0.0050% / 4h	2h 19m	$140K	$77K	50x

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 −0.138%Rate

Funding earned: $0
Price spread: −0.138% → −0.034%: −$10.42
Slippage, 4 orders: −$98.82
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$136.24
Costs to cover: 1.258%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Gate: live order book, 63 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, 1 min ago	5.92 bp	20.2 bp −$20	221.2 bp −$2,212	doesn't fit	doesn't fit
Sell Gate live order book, 63 min ago	6.94 bp	40.0 bp −$40	doesn't fit	doesn't fit	doesn't fit

NOT on 16 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 NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.733%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0093%	4h	0.0005052	−0.217%	$111K	$17K	50x	as long as short
Variational Omni NOT	+0.0096%	4h	0.0005049	−0.272%	$66K	$34K	—	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005073	+0.196%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005070	+0.138%	$370K	$50K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005062	−0.020%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005062	−0.012%	$2.1M	$3.0M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005059	−0.079%	$2.1M	$801K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005061	−0.040%	$613K	$580K	20x	as long as short
Gate NOT_USDTshort	+0.0100%	4h	0.0005056	−0.138%	$140K	$77K	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005064	+0.020%	$1.3M	$490K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005060	−0.059%	$492K	$119K	50x	as long as short
Bitget NOTUSDTlong	+0.0100%	4h	0.0005063	long leg	$665K	$382K	50x
BingX NOT-USDT	+0.0100%	4h	0.0005060	−0.059%	—	$7.5M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005062	−0.024%	$4K	$1K	5x	as long as short
Kraken Futures PF_NOTUSD	+0.7054%	1h	0.0005093	+0.597%	$49K	$9K	10x	as long as short