Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0360%/8h= −39.4% APRpaid last 24h −0.262%

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

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

Long on Gate Short on Extended

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

The price spread pays, funding is against you. Extended is 0.089% dearer against Gate than usual: you sell high and buy low (spread +0.089% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PTB_USDT	0.001270	0.1392	pay 0.0696% / 4h	59m 23s	$2.1M	$7.5M	25x
Short	Extended kPTB-USD	0.001271	0.1032	get 0.0129% / 1h	59m 23s	$4K	$45K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.089%Rate

Funding earned: −$75.6
Price spread: +0.089% → 0.000%: $8.92
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$86.68
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 min ago; Extended: no order-book sample. 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, 4 min ago	6.25 bp	66.3 bp −$66	doesn't fit	doesn't fit	doesn't fit
Sell Extended no order-book sample	—	—	—	—	—

Extended: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

PTB 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
Bybit PTBUSDT	+0.0100%	4h	0.001272	+0.118%	$2.1M	$27.4M	25x	as long as short
Variational Omni PTB	+0.0100%	4h	0.001275	+0.423%	$28K	$55K	—	as long as short
BingX PTB-USDT	+0.0970%	4h	0.001270	+0.016%	—	$2.5M	—	as long as short
Aster PTBUSDT	+0.0985%	4h	0.001273	+0.235%	$77K	$1.0M	5x	as long as short
BloFin PTB-USDT	+0.1003%	4h	0.001276	+0.472%	$540K	$1.1M	20x	as long as short
MEXC PTB_USDT	+0.1030%	4h	0.001271	+0.110%	$484K	$1.2M	20x	as long as short
Binance PTBUSDT	+0.1031%	4h	0.001270	+0.032%	$9.5M	$184.1M	20x	as long as short
Extended kPTB-USDshort	+0.1032%	1h	0.001271	+0.089%	$4K	$45K	5x
KuCoin PTBUSDTM	+0.1042%	4h	0.001272	+0.126%	$2.0M	$8.7M	20x	as long as short
Gate PTB_USDTlong	+0.1392%	4h	0.001270	long leg	$2.1M	$7.5M	25x