Funding arb · Price arb /

POWER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Bitget+0.533%7-day average +0.181% · you sell dearer than you buy

Net, funding: paid 7d − costs−$580as in the Funding arb table

Net, price: spread back to 7d avg − costs−$540as in the Price arb table

costs, in and out, $10k−$5755.751% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 4 days (all we have)−0.472%−$47 · spread now +0.533%, 7d avg +0.181%

Together, before fees−0.525%−$53 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 0.352% dearer against Bitget than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of +0.181%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget POWERUSDT	0.1219	0.0100	pay 0.0050% / 4h	32m 27s	$3.3M	$510K	20x
Short	Gate POWER_USDT	0.1225	0.0100	get 0.0100% / 8h	4h 32m	$231K	$115K	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 +0.533%Rate

Funding earned: $0
Price spread: +0.533% → +0.181%: $35.25
Slippage, 4 orders: −$548.14
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$539.89
Costs to cover: 5.751%
Break-even: never at this rate

Slippage from Bitget: live order book, just now; Gate: live order book, 19 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, just now	7.37 bp	34.3 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 19 min ago	8.60 bp	269.9 bp −$270	doesn't fit	doesn't fit	doesn't fit

POWER on 10 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
BloFin POWER-USDT	+0.0056%	4h	0.1222	+0.287%	$210K	$131K	20x	as long as short
Binance POWERUSDT	+0.0100%	4h	0.1221	+0.172%	$3.6M	$5.6M	20x	as long as short
Bybit POWERUSDT	+0.0100%	4h	0.1221	+0.189%	$2.0M	$1.5M	20x	as long as short
Gate POWER_USDTshort	+0.0100%	8h	0.1225	+0.533%	$231K	$115K	20x
MEXC POWER_USDT	+0.0100%	4h	0.1222	+0.246%	$14.1M	$438K	20x	as long as short
KuCoin POWERUSDTM	+0.0100%	4h	0.1220	+0.090%	$2.4M	$15.1M	20x	as long as short
Bitget POWERUSDTlong	+0.0100%	4h	0.1219	long leg	$3.3M	$510K	20x
BingX POWER-USDT	+0.0100%	4h	0.1223	+0.328%	—	$1.4M	—	as long as short
Variational Omni POWER	+0.0100%	4h	0.1217	−0.153%	$18K	$3K	—	as long as short
Aster POWERUSDT	+0.0244%	4h	0.1220	+0.119%	$24K	$26K	5x	as long as short