Funding arb · Price arb /

GIGGLE

all GIGGLE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.016%

Price spread now: Gate against OKX−0.179%7-day average −0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$980.983% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.125%−$13 · spread now −0.179%, 7d avg −0.026%

Together, before fees−0.142%−$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 0.153% cheaper against OKX than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GIGGLE-USDT-SWAP	39.030	0.0100	pay 0.0050% / 4h	3h 29m	$1.4M	$5.5M	50x
Short	Gate GIGGLE_USDT	38.960	0.0100	get 0.0050% / 4h	3h 29m	$383K	$647K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.179%Rate

Funding earned: $0
Price spread: −0.179% → −0.026%: −$15.31
Slippage, 4 orders: −$73.26
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$113.57
Costs to cover: 0.983%
Break-even: never at this rate

Slippage from OKX: live order book, 4 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 4 min ago	1.28 bp	23.0 bp −$23	183.6 bp −$1,836	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.57 bp	26.9 bp −$27	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	−0.0046%	4h	38.990	−0.102%	$2.1M	$3.7M	50x	as long as short
Aster GIGGLEUSDT	+0.0100%	4h	38.952	−0.200%	$47K	$139K	5x	as long as short
Binance GIGGLEUSDT	+0.0100%	4h	38.960	−0.179%	$11.4M	$19.2M	50x	as long as short
Bybit GIGGLEUSDT	+0.0100%	4h	39.030	0.000%	$1.7M	$2.3M	25x	as long as short
OKX GIGGLE-USDT-SWAPlong	+0.0100%	4h	39.030	long leg	$1.4M	$5.5M	50x
Gate GIGGLE_USDTshort	+0.0100%	4h	38.960	−0.179%	$383K	$647K	50x
Bitget GIGGLEUSDT	+0.0100%	4h	38.960	−0.179%	$1.7M	$514K	25x	as long as short
Variational Omni GIGGLE	+0.0100%	4h	39.009	−0.055%	$27K	$8K	—	as long as short
GRVT GIGGLE_USDT_Perp	+0.0100%	4h	38.963	−0.172%	$197K	$481K	10x	as long as short
SunX GIGGLE-USDT	+0.0100%	4h	39.000	−0.077%	$1K	$1.7M	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	38.930	−0.257%	$889	$196K	5x	as long as short
BloFin GIGGLE-USDT	+0.0139%	4h	38.950	−0.205%	$491K	$52K	50x	as long as short
MEXC GIGGLE_USDT	+0.0238%	4h	38.970	−0.154%	$1.4M	$841K	50x	as long as short
BingX GIGGLE-USDT	+0.0238%	4h	39.020	−0.026%	—	$6.7M	—	as long as short