Settings8H · net · $10k
Funding arb · Price arb /

SATS

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SwapBacktest
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 +0.024%
Price spread now: Gate against Bitget−0.163%7-day average −0.254% · you buy dearer than you sell
Net, funding: paid 7d − costs−$315as in the Funding arb table
Net, price: spread back to 7d avg − costs−$328as in the Price arb table
costs, in and out, $10k−$3373.374% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.225%+$23 on $10k
Price spread, last 4 days (all we have)−0.201%−$20 · spread now −0.163%, 7d avg −0.254%
Together, before fees+0.024%+$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: Gate is 0.092% dearer against Bitget than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.254%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget 1000SATSUSDT0.000000012290.0100pay 0.0050% / 4h54m 24s$718K$240K25x
ShortGate SATS_USDT0.000000012270.0100get 0.0050% / 4h54m 24s$360K$246K25x

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

Funding earned
$0
Price spread: −0.163% → −0.254%
$9.17
Slippage, 4 orders
−$310.39
Fee Bitget: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$328.22
Costs to cover
3.374%
Break-even
never at this rate
Slippage from Bitget: live order book, 1 min ago; Gate: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 1 min ago8.13 bp37.1 bp −$37694.2 bp −$6,942doesn't fitdoesn't fit
Sell Gate live order book, 1 min ago8.14 bp128.9 bp −$129doesn't fitdoesn't fitdoesn't fit

SATS on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance 1000SATSUSDT+0.0100%4h0.00000001228−0.081%$2.1M$5.3M25xas long as short
Bybit 10000SATSUSDT+0.0100%4h0.00000001230+0.081%$284K$878K13xas long as short
OKX SATS-USDT-SWAP+0.0100%8h0.00000001228−0.057%$821K$3.0M10xas long as short
Gate SATS_USDTshort+0.0100%4h0.00000001227−0.163%$360K$246K25x
MEXC SATS_USDT+0.0100%8h0.00000001230+0.081%$373K$182K100xas long as short
KuCoin 10000SATSUSDTM+0.0100%4h0.00000001227−0.163%$200K$87K10xas long as short
Bitget 1000SATSUSDTlong+0.0100%4h0.00000001229long leg$718K$240K25x
BingX 10000SATS-USDT+0.0100%4h0.00000001230+0.081%$5.8Mas long as short