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

F

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.113%
Price spread now: Gate against Bitget−0.027%7-day average +0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$92as in the Price arb table
costs, in and out, $10k−$870.872% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.463%−$46 on $10k
Price spread, last 7 days+0.094%+$9 · spread now −0.027%, 7d avg +0.024%
Together, before fees−0.369%−$37 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Gate is 0.051% cheaper against Bitget than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.024%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget FUSDT0.0037400.0100pay 0.0050% / 4h54m 47s$497K$965K50x
ShortGate F_USDT0.0037390.0090get 0.0090% / 8h54m 47s$185K$1.3M25x

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
−$2.1
Price spread: −0.027% → +0.024%
−$5.08
Slippage, 4 orders
−$60.24
Fee Bitget: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$94.42
Costs to cover
0.872%
Break-even
never at this rate
Slippage from Bitget: live order book, 46 min ago; Gate: live order book, 2 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, 46 min ago2.68 bp15.3 bp −$1551.4 bp −$514doesn't fitdoesn't fit
Sell Gate live order book, 2 min ago2.68 bp25.2 bp −$25208.4 bp −$2,084doesn't fitdoesn't fit

F on 10 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
Gate F_USDTshort+0.0090%8h0.003739−0.027%$185K$1.3M25x
Aster FUSDT+0.0100%4h0.003737−0.076%$15K$24K5xas long as short
Binance FUSDT+0.0100%4h0.003737−0.076%$4.0M$7.3M50xas long as short
Bybit FUSDT+0.0100%4h0.0037400.000%$2.4M$2.5M25xas long as short
OKX F-USDT-SWAP+0.0100%4h0.003732−0.214%$748K$2.2M20xas long as short
MEXC F_USDT+0.0100%4h0.0037400.000%$640K$177K50xas long as short
KuCoin FUSDTM+0.0100%4h0.003739−0.027%$787K$1.2M30xas long as short
Bitget FUSDTlong+0.0100%4h0.003740long leg$497K$965K50x
BingX F-USDT+0.0100%4h0.003741+0.027%$6.6Mas long as short
Variational Omni F+0.0100%4h0.003737−0.081%$704$379as long as short