Funding arb · Price arb /

SAFE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bybit+0.149%7-day average +0.199% · you sell dearer than you buy

Net, funding: paid 7d − costs−$511as in the Funding arb table

Net, price: spread back to 7d avg − costs−$519as in the Price arb table

costs, in and out, $10k−$5145.143% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)+0.105%+$10 · spread now +0.149%, 7d avg +0.199%

Together, before fees+0.142%+$14 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 0.049% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.199%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SAFEUSDT	0.1071	0.0100	pay 0.0050% / 4h	1h 56m	$1.3M	$650K	25x
Short	Gate SAFE_USDT	0.1072	0.0100	get 0.0050% / 4h	1h 56m	$701K	$70K	50x

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 +0.149%Rate

Funding earned: $0
Price spread: +0.149% → +0.199%: −$4.92
Slippage, 4 orders: −$488.35
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$519.26
Costs to cover: 5.143%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 25 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, 5 min ago	4.21 bp	81.1 bp −$81	235.6 bp −$2,356	doesn't fit	doesn't fit
Sell Gate live order book, 25 min ago	10.68 bp	239.6 bp −$240	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	−6.425%	$9	$19K	5.5x	as long as short
Binance SAFEUSDT	+0.0100%	4h	0.1073	+0.215%	$1.1M	$2.1M	50x	as long as short
Bybit SAFEUSDTlong	+0.0100%	4h	0.1071	long leg	$1.3M	$650K	25x
Gate SAFE_USDTshort	+0.0100%	4h	0.1072	+0.149%	$701K	$70K	50x
MEXC SAFE_USDT	+0.0100%	4h	0.1073	+0.187%	$390K	$135K	100x	as long as short
Bitget SAFEUSDT	+0.0100%	4h	0.1072	+0.112%	$402K	$256K	50x	as long as short
BingX SAFE-USDT	+0.0100%	4h	0.1072	+0.075%	—	$6.5M	—	as long as short
Variational Omni SAFE	+0.0100%	4h	0.1069	−0.125%	$3K	$3K	—	as long as short
BloFin SAFE-USDT	+0.0102%	4h	0.1071	+0.028%	$74K	$5K	50x	as long as short