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 Bybit−0.024%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1661.656% of the position

Long on Bybit 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)+0.069%+$7 · spread now −0.024%, 7d avg +0.025%

Together, before fees+0.069%+$7 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 0.050% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COSTUSDT	902.75	0	get 0.0000% / 8h	7h 51m	$491K	$91K	25x
Short	Gate COST_USDT	902.53	0	get 0.0000% / 8h	7h 51m	$522K	$8K	25x

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

Position, each leg$Hold fordaysFee BybitbpFee GatebpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → +0.025%: −$4.97
Slippage, 4 orders: −$139.64
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$170.61
Costs to cover: 1.656%
Break-even: never at this rate

Slippage from Bybit: live order book, 39 min ago; Gate: live order book, 45 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 Bybit live order book, 39 min ago	6.09 bp	13.7 bp −$14	56.5 bp −$565	doesn't fit	doesn't fit
Sell Gate live order book, 45 min ago	4.87 bp	59.7 bp −$60	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	902.60	−0.017%	$45K	$133	20x	as long as short
Binance COSTUSDT	0.0000%	8h	902.53	−0.024%	$1.1M	$1.0M	20x	as long as short
Bybit COSTUSDTlong	0.0000%	8h	902.75	long leg	$491K	$91K	25x
OKX COST-USDT-SWAP	0.0000%	8h	902.29	−0.051%	$441K	$124K	10x	as long as short
Gate COST_USDTshort	0.0000%	8h	902.53	−0.024%	$522K	$8K	25x
Bitget COSTUSDT	0.0000%	8h	902.30	−0.050%	$411K	$85K	25x	as long as short
Variational Omni COST	0.0000%	8h	902.42	−0.036%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	902.00	−0.083%	$2K	$2.8M	10x	as long as short
HTX COST-USDT	0.0000%	8h	903.68	+0.103%	$10K	$42K	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.193%	$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	902.00	−0.083%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	903.05	+0.033%	—	—	25x	as long as short
QFEX COST-USD	+0.0046%	1h	902.53	−0.024%	$1.1M	$2.4M	10x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	902.15	−0.066%	$1.8M	$510K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	901.90	−0.094%	$47K	$921K	20x	as long as short