Funding arb · Price arb /

POWR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.341%

Price spread now: Bybit against Gate+0.221%7-day average +0.089% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.767%+$77 on $10k

Price spread, last 4 days (all we have)−0.158%−$16 · spread now +0.221%, 7d avg +0.089%

Together, before fees+0.609%+$61 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: Bybit is 0.131% dearer against Gate than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate POWR_USDT	0.06349	0.0100	pay 0.0050% / 4h	3h 23m	$106K	$28K	10x
Short	Bybit POWRUSDT	0.06363	0.0100	get 0.0050% / 4h	3h 23m	$916K	$539K	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.221%Rate

Funding earned: $0
Price spread: +0.221% → +0.089%: $13.12
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$12.88
Costs to cover: 0.260%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; Bybit: live order book, 32 min ago. Net counts fees only.

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 Gate live order book, 2 min ago	11.82 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 32 min ago	3.93 bp	104.2 bp −$104	doesn't fit	doesn't fit	doesn't fit

POWR 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
BingX POWR-USDT	+0.0070%	4h	0.06370	+0.331%	—	$1.3M	—	as long as short
Aster POWRUSDT	+0.0100%	4h	0.06370	+0.329%	$13K	$44K	5x	as long as short
Binance POWRUSDT	+0.0100%	4h	0.06376	+0.425%	$1.4M	$2.2M	50x	as long as short
Bybit POWRUSDTshort	+0.0100%	4h	0.06363	+0.221%	$916K	$539K	13x
Gate POWR_USDTlong	+0.0100%	4h	0.06349	long leg	$106K	$28K	10x
MEXC POWR_USDT	+0.0100%	4h	0.06373	+0.378%	$1.1M	$112K	50x	as long as short
KuCoin POWRUSDTM	+0.0100%	4h	0.06388	+0.614%	$643K	$104K	30x	as long as short
Bitget POWRUSDT	+0.0100%	4h	0.06370	+0.331%	$371K	$202K	50x	as long as short
Variational Omni POWR	+0.0450%	4h	0.06342	−0.114%	$508	$2K	—	as long as short
Kraken Futures PF_POWRUSD	+0.1181%	1h	0.06397	+0.752%	$16K	$11K	10x	as long as short