Funding arb · Price arb /

SAFE

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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: Gate against Bitget+0.099%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$374as in the Funding arb table

Net, price: spread back to 7d avg − costs−$364as in the Price arb table

costs, in and out, $10k−$3763.755% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.014%+$1 on $10k

Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.099%, 7d avg −0.014%

Together, before fees−0.091%−$9 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 0.113% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SAFEUSDT	0.1107	0.0100	pay 0.0050% / 4h	6m 37s	$393K	$275K	50x
Short	Gate SAFE_USDT	0.1108	0.0100	get 0.0050% / 4h	6m 37s	$722K	$70K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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 BitgetbpFee GatebpOrdersPrice spread, now +0.099%Rate

Funding earned: $0
Price spread: +0.099% → −0.014%: $11.31
Slippage, 4 orders: −$348.53
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$364.22
Costs to cover: 3.755%
Break-even: never at this rate

Slippage from Bitget: live order book, 44 min ago; Gate: live order book, 50 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 Bitget live order book, 44 min ago	9.24 bp	33.4 bp −$33	221.9 bp −$2,219	doesn't fit	doesn't fit
Sell Gate live order book, 50 min ago	8.29 bp	100.9 bp −$101	doesn't fit	doesn't fit	doesn't fit

SAFE 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
Injective SAFE/USDC PERP	+0.0033%	1h	0.1002	−9.485%	$9	$19K	5.5x	as long as short
Binance SAFEUSDT	+0.0100%	4h	0.1108	+0.107%	$1.1M	$2.2M	50x	as long as short
Bybit SAFEUSDT	+0.0100%	4h	0.1105	−0.208%	$1.4M	$629K	25x	as long as short
Gate SAFE_USDTshort	+0.0100%	4h	0.1108	+0.099%	$722K	$70K	50x
MEXC SAFE_USDT	+0.0100%	4h	0.1108	+0.099%	$416K	$130K	100x	as long as short
Bitget SAFEUSDTlong	+0.0100%	4h	0.1107	long leg	$393K	$275K	50x
BingX SAFE-USDT	+0.0100%	4h	0.1107	0.000%	—	$6.5M	—	as long as short
Variational Omni SAFE	+0.0100%	4h	0.1106	−0.104%	$3K	$3K	—	as long as short
BloFin SAFE-USDT	+0.0132%	4h	0.1109	+0.217%	$74K	$6K	50x	as long as short