Funding arb · Price arb /

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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: Gate against Bitget−0.119%7-day average −0.077% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$115as in the Price arb table

costs, in and out, $10k−$1111.107% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.188%+$19 · spread now −0.119%, 7d avg −0.077%

Together, before fees+0.189%+$19 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 0.042% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BASEDUSDT	0.06738	0.0100	pay 0.0050% / 4h	2h 40m	$1.3M	$359K	25x
Short	Gate BASED_USDT	0.06730	0.0100	get 0.0050% / 4h	2h 40m	$536K	$514K	50x

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 −0.119%Rate

Funding earned: $0
Price spread: −0.119% → −0.077%: −$4.21
Slippage, 4 orders: −$83.72
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$114.93
Costs to cover: 1.107%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 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 Bitget live order book, 1 min ago	2.22 bp	28.0 bp −$28	129.7 bp −$1,297	doesn't fit	doesn't fit
Sell Gate live order book, 45 min ago	6.69 bp	32.0 bp −$32	doesn't fit	doesn't fit	doesn't fit

BASED 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
BloFin BASED-USDT	+0.0089%	4h	0.06722	−0.237%	$211K	$37K	25x	as long as short
Aster BASEDUSDT	+0.0100%	4h	0.06730	−0.119%	$28K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06735	−0.038%	$4.2M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06724	−0.208%	$2.1M	$573K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06727	−0.163%	$2.6M	$3.3M	20x	as long as short
Gate BASED_USDTshort	+0.0100%	4h	0.06730	−0.119%	$536K	$514K	50x
MEXC BASED_USDT	+0.0100%	4h	0.06734	−0.059%	$4.8M	$655K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06725	−0.193%	$561K	$110K	20x	as long as short
Bitget BASEDUSDTlong	+0.0100%	4h	0.06738	long leg	$1.3M	$359K	25x
BingX BASED-USDT	+0.0100%	4h	0.06730	−0.119%	—	$1.6M	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BASED	+0.0100%	4h	0.06722	−0.237%	$92K	$21K	—	as long as short
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06720	−0.267%	$92K	$372K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06730	−0.119%	$1K	$793K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06734	−0.055%	$5K	$226K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0276%	4h	0.06727	−0.163%	$3K	$652	10x	as long as short