Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0238%/8h= +26.0% APRpaid last 24h −0.038%

Price spread now: gTrade (Gains Network) against Bybit+0.077%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and gTrade (Gains Network) is 0.077% dearer against Bybit than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit REUSDT	0.4631	−0.0263	get 0.0132% / 4h	3h 54m	$1.4M	$1.5M	20x
Short	gTrade (Gains Network) RE/USD	0.4635	L −0.0025% / S +0.0026%	pay 0.0003% / 1h	54m 13s	—	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.077%Rate

Funding earned: $49.91
Price spread: +0.077% → 0.000%: $7.67
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 6 bp × 2 orders: −$12
Net: $34.58
Costs to cover: 0.230%
Break-even: 2.2 days

Slippage unknown: Bybit: live order book, 2 min ago; gTrade (Gains Network): 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 Bybit live order book, 2 min ago	3.24 bp	36.2 bp −$36	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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.

RE on 14 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 REUSDTlong	−0.0263%	4h	0.4631	long leg	$1.4M	$1.5M	20x
gTrade (Gains Network) RE/USDshort	L −0.0025% / S +0.0026%	1h	0.4635	+0.077%	—	—	150x
Aster REUSDT	+0.0100%	4h	0.4636	+0.118%	$36K	$28K	20x	as long as short
Binance REUSDT	+0.0100%	4h	0.4630	−0.025%	$8.3M	$9.6M	50x	as long as short
OKX RE-USDT-SWAP	+0.0100%	4h	0.4629	−0.035%	$1.8M	$4.1M	20x	as long as short
Gate RE_USDT	+0.0100%	4h	0.4635	+0.082%	$415K	$989K	20x	as long as short
MEXC RE_USDT	+0.0100%	4h	0.4632	+0.022%	$1.2M	$420K	50x	as long as short
KuCoin REUSDTM	+0.0100%	4h	0.4636	+0.101%	$1.4M	$1.0M	20x	as long as short
Bitget REUSDT	+0.0100%	4h	0.4636	+0.101%	$1.8M	$714K	20x	as long as short
BingX RE-USDT	+0.0100%	4h	0.4629	−0.043%	—	$1.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX REUSDC	+0.0100%	4h	0.4633	+0.047%	$8K	$221K	10x	as long as short
Orderly PERP_RE_USDC_mythos	+0.0100%	4h	0.4632	+0.022%	$4K	—	10x	as long as short
Extended RE-USD	+0.0104%	1h	0.4629	−0.051%	$788	—	5x	as long as short
BloFin RE-USDT	+0.0132%	4h	0.4636	+0.108%	$370K	$72K	50x	as long as short