Settings8H · net · $10k
Funding arb · Price arb /

BASED

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SwapBacktest
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+0.089%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$111as in the Funding arb table
Net, price: spread back to 7d avg − costs−$109as in the Price arb table
costs, in and out, $10k−$1111.107% of the position
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)−0.158%−$16 · spread now +0.089%, 7d avg +0.077%
Together, before fees−0.160%−$16 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BASED_USDT0.067320.0100pay 0.0050% / 4h2h 40m$536K$515K50x
ShortBitget BASEDUSDT0.067380.0100get 0.0050% / 4h2h 40m$1.3M$359K25x

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

Funding earned
$0
Price spread: +0.089% → +0.077%
$1.24
Slippage, 4 orders
−$83.72
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$109.48
Costs to cover
1.107%
Break-even
never at this rate
Slippage from Gate: live order book, 45 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
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 45 min ago6.69 bp31.4 bp −$316180.1 bp −$61.8Kdoesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago2.22 bp19.4 bp −$1992.5 bp −$925doesn't fitdoesn't fit

BASED on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin BASED-USDT+0.0089%4h0.06722−0.149%$211K$37K25xas long as short
Aster BASEDUSDT+0.0100%4h0.06730−0.030%$28K$6K5xas long as short
Binance BASEDUSDT+0.0100%4h0.06736+0.059%$4.2M$2.9M25xas long as short
Bybit BASEDUSDT+0.0100%4h0.06727−0.074%$2.1M$573K25xas long as short
OKX BASED-USDT-SWAP+0.0100%4h0.06727−0.074%$2.6M$3.3M20xas long as short
Gate BASED_USDTlong+0.0100%4h0.06732long leg$536K$515K50x
MEXC BASED_USDT+0.0100%4h0.06737+0.074%$4.8M$655K50xas long as short
KuCoin BASEDUSDTM+0.0100%4h0.06726−0.089%$561K$110K20xas long as short
Bitget BASEDUSDTshort+0.0100%4h0.06738+0.089%$1.3M$359K25x
BingX BASED-USDT+0.0100%4h0.06733+0.015%$1.6Mas long as short
Show all 15 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni BASED+0.0100%4h0.06722−0.148%$92K$21Kas long as short
GRVT BASED_USDT_Perp+0.0100%4h0.06720−0.178%$92K$372K10xas long as short
SunX BASED-USDT+0.0100%4h0.06730−0.030%$1K$793K20xas long as short
Extended BASED-USD+0.0104%1h0.06734+0.034%$5K$226K5xas long as short
Orderly PERP_BASED_USDC+0.0276%4h0.06727−0.074%$3K$65210xas long as short