Funding arb · Price arb /

GIGGLE

all GIGGLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.015%

Price spread now: Gate against Bybit−0.201%7-day average −0.033% · 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−$153as in the Price arb table

costs, in and out, $10k−$1361.359% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$1 on $10k

Price spread, last 4 days (all we have)+0.123%+$12 · spread now −0.201%, 7d avg −0.033%

Together, before fees+0.138%+$14 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 0.168% cheaper against Bybit than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GIGGLEUSDT	39.840	0.0100	pay 0.0050% / 4h	1h 05m	$1.7M	$2.1M	25x
Short	Gate GIGGLE_USDT	39.760	0.0100	get 0.0050% / 4h	1h 05m	$381K	$635K	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 −0.201%Rate

Funding earned: $0
Price spread: −0.201% → −0.033%: −$16.77
Slippage, 4 orders: −$109.87
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$152.64
Costs to cover: 1.359%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 36 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, 2 min ago	2.51 bp	35.4 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 36 min ago	3.81 bp	28.8 bp −$29	doesn't fit	doesn't fit	doesn't fit

GIGGLE on 14 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
KuCoin GIGGLEUSDTM	−0.0040%	4h	39.760	−0.201%	$2.1M	$3.7M	50x	as long as short
Aster GIGGLEUSDT	+0.0100%	4h	39.797	−0.108%	$48K	$133K	5x	as long as short
Binance GIGGLEUSDT	+0.0100%	4h	39.810	−0.075%	$11.6M	$17.1M	50x	as long as short
Bybit GIGGLEUSDTlong	+0.0100%	4h	39.840	long leg	$1.7M	$2.1M	25x
OKX GIGGLE-USDT-SWAP	+0.0100%	4h	39.800	−0.100%	$1.4M	$5.3M	50x	as long as short
Gate GIGGLE_USDTshort	+0.0100%	4h	39.760	−0.201%	$381K	$635K	50x
Bitget GIGGLEUSDT	+0.0100%	4h	39.830	−0.025%	$1.7M	$478K	25x	as long as short
Variational Omni GIGGLE	+0.0100%	4h	39.788	−0.130%	$27K	$7K	—	as long as short
GRVT GIGGLE_USDT_Perp	+0.0100%	4h	39.582	−0.646%	$208K	$472K	10x	as long as short
SunX GIGGLE-USDT	+0.0100%	4h	39.870	+0.075%	$1K	$1.5M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GIGGLE-USD	+0.0104%	1h	39.799	−0.104%	$906	$159K	5x	as long as short
BloFin GIGGLE-USDT	+0.0146%	4h	39.860	+0.050%	$496K	$46K	50x	as long as short
MEXC GIGGLE_USDT	+0.0238%	4h	39.820	−0.050%	$1.4M	$764K	50x	as long as short
BingX GIGGLE-USDT	+0.0238%	4h	39.840	0.000%	—	$6.7M	—	as long as short