Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

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 −0.041%

Price spread now: Bybit against Gate+0.084%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$860.857% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 7 days−0.118%−$12 · spread now +0.084%, 7d avg +0.035%

Together, before fees−0.160%−$16 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 0.049% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BE_USDT	274.30	0	get 0.0000% / 8h	6h 07m	$1.5M	$3.4M	50x
Short	Bybit BEUSDT	274.53	0	get 0.0000% / 8h	6h 07m	$2.0M	$1.1M	25x

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

Position, each leg$Hold fordaysFee GatebpFee BybitbpOrdersPrice spread, now +0.084%Rate

Funding earned: $0
Price spread: +0.084% → +0.035%: $4.92
Slippage, 4 orders: −$59.74
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$80.82
Costs to cover: 0.857%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Bybit: live order book, 4 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 Gate live order book, 1 min ago	3.65 bp	20.6 bp −$21	53.0 bp −$530	83.5 bp −$8,351	doesn't fit
Sell Bybit live order book, 4 min ago	3.10 bp	22.6 bp −$23	164.8 bp −$1,648	doesn't fit	doesn't fit

BE on 20 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
Aster BEUSDT	0.0000%	8h	274.46	+0.059%	$345K	$119K	20x	as long as short
Bybit BEUSDTshort	0.0000%	8h	274.53	+0.084%	$2.0M	$1.1M	25x
Gate BE_USDTlong	0.0000%	8h	274.30	long leg	$1.5M	$3.4M	50x
Bitget BEUSDT	0.0000%	8h	274.15	−0.055%	$1.7M	$2.5M	20x	as long as short
GRVT BE_USDT_Perp	0.0000%	8h	274.08	−0.080%	$7K	$167K	10x	as long as short
SunX BE-USDT	0.0000%	8h	274.11	−0.069%	$1K	$2.4M	10x	as long as short
HTX BE-USDT	0.0000%	8h	274.04	−0.095%	$13K	$34K	20x	as long as short
QFEX BE-USD	+0.0026%	1h	274.53	+0.084%	$1.3M	$3.1M	10x	as long as short
Lighter BE	+0.0032%	1h	274.38	+0.029%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	274.46	+0.058%	$251K	$290K	10x	as long as short

Show all 20 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus BE-USD	+0.0040%	1h	274.03	−0.098%	$114K	$109K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	274.47	+0.062%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0050%	1h	274.39	+0.033%	$5.9M	$2.8M	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	274.51	+0.077%	$371K	$22K	20x	as long as short
Binance BEUSDT	+0.0104%	8h	274.56	+0.095%	$8.4M	$36.2M	25x	as long as short
Extended BE-USD	+0.0104%	1h	274.50	+0.072%	$47K	$262K	10x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.48	+0.067%	—	—	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0112%	1h	273.08	−0.445%	$473K	$130K	10x	as long as short
OKX BE-USDT-SWAP	+0.0163%	8h	274.55	+0.091%	$2.6M	$6.7M	25x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0224%	1h	274.55	+0.091%	$7K	$4K	10x	as long as short