Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Gate against Bybit+0.419%7-day average +0.136% · you sell dearer than you buy

Net, funding: paid 7d − costs−$156as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1561.556% 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 4 days (all we have)−0.302%−$30 · spread now +0.419%, 7d avg +0.136%

Together, before fees−0.302%−$30 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 0.283% dearer against Bybit than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of +0.136%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NOTUSDT	0.0005009	0.0100	pay 0.0050% / 4h	2h 43m	$2.1M	$883K	25x
Short	Gate NOT_USDT	0.0005030	0.0100	get 0.0050% / 4h	2h 43m	$138K	$73K	50x

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 +0.419%Rate

Funding earned: $0
Price spread: +0.419% → +0.136%: $28.29
Slippage, 4 orders: −$129.58
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$127.29
Costs to cover: 1.556%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Gate: live order book, 62 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, 3 min ago	3.97 bp	28.6 bp −$29	219.7 bp −$2,197	doesn't fit	doesn't fit
Sell Gate live order book, 62 min ago	10.83 bp	46.7 bp −$47	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
Variational Omni NOT	−0.0166%	4h	0.0005044	+0.701%	$72K	$38K	—	as long as short
KuCoin NOTUSDTM	−0.0144%	4h	0.0005015	+0.120%	$478K	$136K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−2.695%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0070%	4h	0.0005049	+0.799%	$111K	$18K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005029	+0.397%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005020	+0.220%	$353K	$58K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005017	+0.158%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005014	+0.100%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDTlong	+0.0100%	4h	0.0005009	long leg	$2.1M	$883K	25x
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005020	+0.220%	$639K	$695K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDTshort	+0.0100%	4h	0.0005030	+0.419%	$138K	$73K	50x
MEXC NOT_USDT	+0.0100%	4h	0.0005014	+0.100%	$1.3M	$444K	200x	as long as short
Bitget NOTUSDT	+0.0100%	4h	0.0005021	+0.240%	$668K	$480K	50x	as long as short
BingX NOT-USDT	+0.0100%	4h	0.0005024	+0.299%	—	$8.5M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005019	+0.196%	$4K	—	5x	as long as short
Kraken Futures PF_NOTUSD	+0.1682%	1h	0.0005034	+0.497%	$49K	$9K	10x	as long as short