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 Bybit+0.015%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$198as in the Funding arb table

Net, price: spread back to 7d avg − costs−$206as in the Price arb table

costs, in and out, $10k−$2012.005% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 4 days (all we have)+0.291%+$29 · spread now +0.015%, 7d avg +0.065%

Together, before fees+0.315%+$32 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 0.051% 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 +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BASEDUSDT	0.06834	0.0100	pay 0.0050% / 4h	57m 16s	$2.1M	$580K	25x
Short	Gate BASED_USDT	0.06835	0.0100	get 0.0050% / 4h	57m 16s	$543K	$528K	50x

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 +0.015%Rate

Funding earned: $0
Price spread: +0.015% → +0.065%: −$5.08
Slippage, 4 orders: −$174.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$205.58
Costs to cover: 2.005%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Gate: live order book, 19 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, 4 min ago	6.61 bp	65.1 bp −$65	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 19 min ago	5.87 bp	37.0 bp −$37	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	+0.0090%	4h	0.06827	−0.102%	$252K	$38K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06844	+0.141%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDTlong	+0.0100%	4h	0.06834	long leg	$2.1M	$580K	25x
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06838	+0.059%	$2.6M	$3.5M	20x	as long as short
Gate BASED_USDTshort	+0.0100%	4h	0.06835	+0.015%	$543K	$528K	50x
MEXC BASED_USDT	+0.0100%	4h	0.06840	+0.088%	$4.8M	$643K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06832	−0.029%	$573K	$103K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06840	+0.088%	$1.3M	$370K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06838	+0.059%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06809	−0.372%	$93K	$22K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06760	−1.082%	$89K	$363K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06828	−0.088%	$1K	$816K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06839	+0.067%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0273%	4h	0.06832	−0.036%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0338%	4h	0.06838	+0.059%	$3K	$652	10x	as long as short