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 0.000%
Price spread now: Bybit against Gate+0.211%7-day average +0.190% · you sell dearer than you buy
Net, funding: paid 7d − costs−$369as in the Funding arb table
Net, price: spread back to 7d avg − costs−$368as in the Price arb table
costs, in and out, $10k−$3703.697% 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)+0.130%+$13 · spread now +0.211%, 7d avg +0.190%
Together, before fees+0.135%+$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: Bybit is 0.021% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.190%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate SATS_USDT0.000000012320.0100pay 0.0050% / 4h2h 09m$361K$244K25x
ShortBybit 10000SATSUSDT0.000000012350.0100get 0.0050% / 4h2h 09m$285K$877K13x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: +0.211% → +0.190%
$2.12
Slippage, 4 orders
−$343.71
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$367.6
Costs to cover
3.697%
Break-even
never at this rate
Slippage from Gate: live order book, 56 min ago; Bybit: live order book, 55 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 Gate live order book, 56 min ago8.04 bp131.4 bp −$13128256.9 bp −$282.6Kdoesn't fitdoesn't fit
Sell Bybit live order book, 55 min ago3.21 bp69.0 bp −$69doesn'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%4h0.00000001233+0.081%$2.1M$5.3M25xas long as short
Bybit 10000SATSUSDTshort+0.0100%4h0.00000001235+0.211%$285K$877K13x
Gate SATS_USDTlong+0.0100%4h0.00000001232long leg$361K$244K25x
KuCoin 10000SATSUSDTM+0.0100%4h0.00000001234+0.162%$202K$88K10xas long as short
Bitget 1000SATSUSDT+0.0100%4h0.00000001235+0.244%$723K$241K25xas long as short
MEXC SATS_USDT+0.0115%8h0.00000001235+0.244%$377K$186K100xas long as short
OKX SATS-USDT-SWAP+0.0116%8h0.00000001233+0.089%$826K$3.0M10xas long as short
BingX 10000SATS-USDT+0.0116%4h0.00000001236+0.325%$90.3Mas long as short