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

CP

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Gate against Bitget−0.157%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs−$162as in the Price arb table
costs, in and out, $10k−$1561.558% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.065%−$6 on $10k
Price spread, last 4 days (all we have)−0.054%−$5 · spread now −0.157%, 7d avg −0.096%
Together, before fees−0.119%−$12 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 0.061% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.096%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget CPUSDT0.014000.0100pay 0.0050% / 4h1h 39m$796K$1.5M20x
ShortGate CP_USDT0.013980.0100get 0.0050% / 4h1h 39m$613K$535K20x

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

Funding earned
$0
Price spread: −0.157% → −0.096%
−$6.14
Slippage, 4 orders
−$128.81
Fee Bitget: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$161.95
Costs to cover
1.558%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; Gate: live order book, 22 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 Bitget live order book, 2 min ago8.95 bp27.6 bp −$28doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 22 min ago7.24 bp48.8 bp −$49doesn't fitdoesn't fitdoesn't fit

CP on 8 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 CP-USDT+0.0066%4h0.01399−0.086%$422$40K20xas long as short
BingX CP-USDT+0.0070%4h0.01398−0.157%$1.0Mas long as short
Bybit CPUSDT+0.0100%4h0.01400−0.014%$1.4M$2.5M20xas long as short
OKX CP-USDT-SWAP+0.0100%4h0.01398−0.157%$3.9M$11.1M20xas long as short
Gate CP_USDTshort+0.0100%4h0.01398−0.157%$613K$535K20x
MEXC CP_USDT+0.0100%4h0.01399−0.086%$1.5M$360K20xas long as short
KuCoin CPUSDTM+0.0100%4h0.01400−0.014%$201K$894K20xas long as short
Bitget CPUSDTlong+0.0100%4h0.01400long leg$796K$1.5M20x