Funding arb · Price arb /

PROMPT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.054%

Price spread now: Gate against Bybit+0.046%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$485as in the Funding arb table

Net, price: spread back to 7d avg − costs−$502as in the Price arb table

costs, in and out, $10k−$5055.046% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.193%+$19 on $10k

Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.046%, 7d avg +0.017%

Together, before fees+0.114%+$11 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 0.029% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit PROMPTUSDT	0.02196	0.0100	pay 0.0050% / 4h	2h 31m	$329K	$158K	5x
Short	Gate PROMPT_USDT	0.02197	0.0100	get 0.0050% / 4h	2h 31m	$539K	$56K	20x

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 +0.046%Rate

Funding earned: $0
Price spread: +0.046% → +0.017%: $2.9
Slippage, 4 orders: −$478.6
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$501.7
Costs to cover: 5.046%
Break-even: never at this rate

Slippage from Bybit: live order book, 28 min ago; Gate: live order book, 35 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, 28 min ago	4.59 bp	115.6 bp −$116	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 35 min ago	18.29 bp	165.8 bp −$166	doesn't fit	doesn't fit	doesn't fit

PROMPT on 9 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
Aster PROMPTUSDT	+0.0100%	4h	0.02195	−0.061%	$3K	$150	5x	as long as short
Binance PROMPTUSDT	+0.0100%	4h	0.02194	−0.091%	$1.2M	$1.3M	40x	as long as short
Bybit PROMPTUSDTlong	+0.0100%	4h	0.02196	long leg	$329K	$158K	5x
Gate PROMPT_USDTshort	+0.0100%	4h	0.02197	+0.046%	$539K	$56K	20x
MEXC PROMPT_USDT	+0.0100%	4h	0.02195	−0.046%	$110K	$96K	20x	as long as short
KuCoin PROMPTUSDTM	+0.0100%	4h	0.02193	−0.137%	$81K	$72K	30x	as long as short
BingX PROMPT-USDT	+0.0100%	4h	0.02195	−0.046%	—	$6.5M	—	as long as short
Variational Omni PROMPT	+0.0116%	4h	0.02194	−0.107%	$3K	$4K	—	as long as short
Kraken Futures PF_PROMPTUSD	+3.9345%	1h	0.02212	+0.706%	$2K	$2K	10x	as long as short