Funding arb · Price arb /

ATH

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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 0.000%

Price spread now: Bitget against Gate+0.092%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$212as in the Funding arb table

Net, price: spread back to 7d avg − costs−$209as in the Price arb table

costs, in and out, $10k−$2112.109% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 4 days (all we have)−0.031%−$3 · spread now +0.092%, 7d avg +0.070%

Together, before fees−0.040%−$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: Bitget is 0.022% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ATH_USDT	0.005455	0.0100	pay 0.0050% / 4h	2h 20m	$780K	$607K	30x
Short	Bitget ATHUSDT	0.005460	0.0100	get 0.0050% / 4h	2h 20m	$1.5M	$922K	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 +0.092%Rate

Funding earned: $0
Price spread: +0.092% → +0.070%: $2.18
Slippage, 4 orders: −$183.95
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$208.77
Costs to cover: 2.109%
Break-even: never at this rate

Slippage from Gate: live order book, 26 min ago; Bitget: live order book, 1 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, 26 min ago	5.50 bp	80.3 bp −$80	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	8.28 bp	33.8 bp −$34	97.0 bp −$970	doesn't fit	doesn't fit

ATH on 13 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
Kraken Futures PF_ATHUSD	−0.1938%	1h	0.005464	+0.165%	$19K	$108K	10x	as long as short
Variational Omni ATH	−0.0127%	4h	0.005429	−0.476%	$182K	$93K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005464	+0.165%	$11K	$59	5x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005466	+0.205%	$5K	$41K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005469	+0.266%	$3.2M	$4.3M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005457	+0.037%	$4.3M	$2.6M	25x	as long as short
OKX ATH-USDT-SWAP	+0.0100%	4h	0.005461	+0.110%	$704K	$1.3M	20x	as long as short
Gate ATH_USDTlong	+0.0100%	4h	0.005455	long leg	$780K	$607K	30x
MEXC ATH_USDT	+0.0100%	4h	0.005472	+0.312%	$8.8M	$660K	50x	as long as short
KuCoin ATHUSDTM	+0.0100%	4h	0.005456	+0.018%	$545K	$79K	30x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDTshort	+0.0100%	4h	0.005460	+0.092%	$1.5M	$922K	25x
BingX ATH-USDT	+0.0100%	4h	0.005450	−0.092%	—	$21.4M	—	as long as short
BloFin ATH-USDT	+0.0113%	4h	0.005442	−0.238%	$161K	$70K	75x	as long as short