Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bitget against Gate−0.069%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1141.142% of the position

Long on Gate Short on Bitget

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)+0.032%+$3 · spread now −0.069%, 7d avg +0.008%

Together, before fees+0.032%+$3 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: Bitget is 0.077% cheaper against Gate than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COST_USDT	899.28	0	get 0.0000% / 8h	2h 33m	$523K	$26K	25x
Short	Bitget COSTUSDT	898.66	0	get 0.0000% / 8h	2h 33m	$398K	$125K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.069%Rate

Funding earned: $0
Price spread: −0.069% → +0.008%: −$7.7
Slippage, 4 orders: −$87.18
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$121.88
Costs to cover: 1.142%
Break-even: never at this rate

Slippage from Gate: live order book, 52 min ago; Bitget: live order book, 50 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, 52 min ago	5.89 bp	14.4 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 50 min ago	2.95 bp	17.4 bp −$17	37.6 bp −$376	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	898.29	−0.110%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	899.19	−0.010%	$1.1M	$968K	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	898.92	−0.040%	$470K	$193K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.72	+0.049%	$432K	$136K	10x	as long as short
Gate COST_USDTlong	0.0000%	8h	899.28	long leg	$523K	$26K	25x
Bitget COSTUSDTshort	0.0000%	8h	898.66	−0.069%	$398K	$125K	25x
Variational Omni COST	0.0000%	8h	899.31	+0.003%	$42K	$19K	—	as long as short
SunX COST-USDT	0.0000%	8h	898.10	−0.131%	$669	$3.3M	10x	as long as short
HTX COST-USDT	0.0000%	8h	901.08	+0.200%	$10K	$42K	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.812%	$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	898.31	−0.108%	—	—	10x	as long as short
QFEX COST-USD	+0.0043%	1h	899.19	−0.010%	$1.1M	$2.7M	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	898.16	−0.125%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.53	−0.083%	$1.8M	$536K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	898.20	−0.120%	$41K	$847K	20x	as long as short