Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bitget+0.043%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$1491.492% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.042%−$4 · spread now +0.043%, 7d avg −0.004%

Together, before fees−0.042%−$4 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 0.047% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COSTUSDT	902.43	0	get 0.0000% / 8h	7h 22m	$411K	$81K	25x
Short	Gate COST_USDT	902.82	0	get 0.0000% / 8h	7h 22m	$523K	$9K	25x

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

Position, each leg$Hold fordaysFee BitgetbpFee GatebpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → −0.004%: $4.72
Slippage, 4 orders: −$122.25
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$144.53
Costs to cover: 1.492%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Gate: live order book, 8 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 Bitget live order book, 2 min ago	8.69 bp	16.8 bp −$17	27.4 bp −$274	doesn't fit	doesn't fit
Sell Gate live order book, 8 min ago	6.09 bp	34.5 bp −$35	doesn't fit	doesn't fit	doesn't fit

COST on 15 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 COSTUSDT	0.0000%	8h	902.69	+0.029%	$45K	$133	20x	as long as short
Binance COSTUSDT	0.0000%	8h	903.01	+0.065%	$1.1M	$994K	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	902.81	+0.042%	$491K	$91K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	903.73	+0.144%	$442K	$120K	10x	as long as short
Gate COST_USDTshort	0.0000%	8h	902.82	+0.043%	$523K	$9K	25x
Bitget COSTUSDTlong	0.0000%	8h	902.43	long leg	$411K	$81K	25x
Variational Omni COST	0.0000%	8h	902.92	+0.054%	$40K	$14K	—	as long as short
SunX COST-USDT	0.0000%	8h	902.70	+0.030%	$1K	$2.7M	10x	as long as short
HTX COST-USDT	0.0000%	8h	904.58	+0.238%	$10K	$42K	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.158%	$2K	$28K	12x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended COST-USD	+0.0040%	1h	902.17	−0.029%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	902.53	+0.011%	—	—	25x	as long as short
QFEX COST-USD	+0.0046%	1h	902.73	+0.033%	$1.1M	$2.4M	10x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	902.65	+0.024%	$1.8M	$510K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	902.50	+0.008%	$47K	$947K	20x	as long as short