Funding arb · Price arb /

RED

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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 0.000%

Price spread now: Bitget against Gate0.000%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$887as in the Funding arb table

Net, price: spread back to 7d avg − costs−$872as in the Price arb table

costs, in and out, $10k−$8768.756% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 4 days (all we have)+0.140%+$14 · spread now 0.000%, 7d avg −0.032%

Together, before fees+0.022%+$2 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: Bitget is 0.032% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate RED_USDT	0.1537	0.0100	pay 0.0050% / 4h	57m 33s	$352K	$94K	25x
Short	Bitget REDUSDT	0.1537	0.0100	get 0.0050% / 4h	57m 33s	$728K	$287K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.032%: $3.21
Slippage, 4 orders: −$848.61
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$872.4
Costs to cover: 8.756%
Break-even: never at this rate

Slippage from Gate: live order book, 63 min ago; Bitget: live order book, 63 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 Gate live order book, 63 min ago	6.39 bp	434.9 bp −$435	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 63 min ago	9.59 bp	33.0 bp −$33	105.1 bp −$1,051	doesn't fit	doesn't fit

RED 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 RED-USDT	+0.0052%	4h	0.1542	+0.293%	$222K	$5K	25x	as long as short
Aster REDUSDT	+0.0100%	4h	0.1536	−0.053%	$27K	$40K	5x	as long as short
Binance REDUSDT	+0.0100%	4h	0.1533	−0.260%	$2.3M	$4.0M	50x	as long as short
Bybit REDUSDT	+0.0100%	4h	0.1535	−0.104%	$2.0M	$1.8M	25x	as long as short
Gate RED_USDTlong	+0.0100%	4h	0.1537	long leg	$352K	$94K	25x
Bitget REDUSDTshort	+0.0100%	4h	0.1537	0.000%	$728K	$287K	20x
Variational Omni RED	+0.0100%	4h	0.1537	−0.030%	$26K	$3K	—	as long as short
SunX RED-USDT	+0.0100%	4h	0.1571	+2.212%	$2K	$757K	20x	as long as short
Extended RED-USD	+0.0104%	1h	0.1533	−0.285%	$31	—	5x	as long as short
MEXC RED_USDT	+0.0486%	4h	0.1532	−0.325%	$489K	$163K	20x	as long as short