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

SATS

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bybit−0.212%7-day average −0.186% · you buy dearer than you sell
Net, funding: paid 7d − costs−$360as in the Funding arb table
Net, price: spread back to 7d avg − costs−$362as in the Price arb table
costs, in and out, $10k−$3603.597% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.005%$0 on $10k
Price spread, last 4 days (all we have)−0.143%−$14 · spread now −0.212%, 7d avg −0.186%
Together, before fees−0.148%−$15 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 0.025% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.186%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit 10000SATSUSDT0.000000012290.0100pay 0.0050% / 4h52m 33s$283K$893K13x
ShortGate SATS_USDT0.000000012260.0100get 0.0050% / 4h52m 33s$360K$265K25x

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

Funding earned
$0
Price spread: −0.212% → −0.186%
−$2.54
Slippage, 4 orders
−$333.7
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$362.24
Costs to cover
3.597%
Break-even
never at this rate
Slippage from Bybit: live order book, 48 min ago; Gate: live order book, 48 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 Bybit live order book, 48 min ago3.24 bp73.8 bp −$74doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 48 min ago4.06 bp110.4 bp −$110doesn'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%4h0.00000001227−0.130%$2.2M$5.7M25xas long as short
Bybit 10000SATSUSDTlong+0.0100%4h0.00000001229long leg$283K$893K13x
Gate SATS_USDTshort+0.0100%4h0.00000001226−0.212%$360K$265K25x
KuCoin 10000SATSUSDTM+0.0100%4h0.00000001227−0.130%$188K$90K10xas long as short
Bitget 1000SATSUSDT+0.0100%4h0.00000001229+0.033%$714K$255K25xas long as short
BingX 10000SATS-USDT+0.0164%4h0.00000001228−0.049%$5.6Mas long as short
MEXC SATS_USDT+0.0171%8h0.00000001227−0.130%$375K$186K100xas long as short
OKX SATS-USDT-SWAP+0.0171%8h0.00000001227−0.098%$805K$3.0M10xas long as short