Funding arb · Price arb /

CC

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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−0.051%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$347as in the Funding arb table

Net, price: spread back to 7d avg − costs−$342as in the Price arb table

costs, in and out, $10k−$3463.463% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now −0.051%, 7d avg −0.090%

Together, before fees−0.006%−$1 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 0.039% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CCUSDT	0.1187	0.0100	pay 0.0050% / 4h	2m 19s	$947K	$792K	20x
Short	Gate CC_USDT	0.1186	0.0100	get 0.0050% / 4h	2m 19s	$364K	$215K	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 −0.051%Rate

Funding earned: $0
Price spread: −0.051% → −0.090%: $3.89
Slippage, 4 orders: −$319.29
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$342.39
Costs to cover: 3.463%
Break-even: never at this rate

Slippage from Bitget: live order book, 8 min ago; Gate: live order book, 8 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, 8 min ago	4.23 bp	28.1 bp −$28	80.7 bp −$807	doesn't fit	doesn't fit
Sell Gate live order book, 8 min ago	10.59 bp	46.1 bp −$46	doesn't fit	doesn't fit	doesn't fit

CC on 19 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
Injective CC/USDC PERP	−0.3320%	1h	0.1169	−1.475%	$6K	$100	5.5x	as long as short
Bybit CCUSDT	+0.0091%	4h	0.1186	−0.042%	$10.7M	$3.8M	25x	as long as short
MEXC CC_USDT	+0.0094%	4h	0.1186	−0.025%	$1.6M	$316K	100x	as long as short
Paradex CC-USD-PERP	+0.0098%	8h	0.1186	−0.023%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1185	−0.089%	$35K	$38K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1187	+0.008%	$11.2M	$11.3M	75x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1188	+0.126%	$2.6M	$3.5M	20x	as long as short
Gate CC_USDTshort	+0.0100%	4h	0.1186	−0.051%	$364K	$215K	50x
KuCoin CCUSDTM	+0.0100%	4h	0.1187	+0.059%	$503K	$116K	50x	as long as short
Bitget CCUSDTlong	+0.0100%	4h	0.1187	long leg	$947K	$792K	20x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDT	+0.0100%	4h	0.1186	−0.042%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1184	−0.185%	$15K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1179	−0.620%	$588K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1182	−0.357%	$86K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1183	−0.266%	$6K	$36K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1184	−0.219%	$592K	$108K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0448% / S −0.0241%	1h	0.1187	+0.051%	$44K	—	50x	as long as short
Hyperliquid CC	+0.0455%	1h	0.1188	+0.169%	$5.5M	$1.4M	3x	as long as short
Lighter CC	+0.0968%	1h	0.1190	+0.295%	$237K	$154K	5x	as long as short