Funding arb · Price arb /

H

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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 0.000%

Price spread now: Bybit against Gate+0.114%7-day average −0.140% · you sell dearer than you buy

Net, funding: paid 7d − costs−$318as in the Funding arb table

Net, price: spread back to 7d avg − costs−$292as in the Price arb table

costs, in and out, $10k−$3183.178% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.318%−$32 · spread now +0.114%, 7d avg −0.140%

Together, before fees−0.318%−$32 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: Bybit is 0.255% dearer against Gate than usual: you sell high and buy low, +$25 on $10k if it goes back to its 7-day average of −0.140%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate H_USDT	0.06815	0.0100	pay 0.0050% / 4h	3h 02m	$2.8M	$1.8M	10x
Short	Bybit HUSDT	0.06823	0.0100	get 0.0050% / 4h	3h 02m	$7.5M	$4.9M	13x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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 GatebpFee BybitbpOrdersPrice spread, now +0.114%Rate

Funding earned: $0
Price spread: +0.114% → −0.140%: $25.49
Slippage, 4 orders: −$291.8
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$292.31
Costs to cover: 3.178%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Bybit: live order book, 1 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 Gate live order book, 1 min ago	5.87 bp	98.2 bp −$98	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.47 bp	36.1 bp −$36	165.9 bp −$1,659	doesn't fit	doesn't fit

H 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−8.291%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06825	+0.153%	$111K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06830	+0.220%	$14.6M	$11.1M	10x	as long as short
Bybit HUSDTshort	+0.0100%	4h	0.06823	+0.114%	$7.5M	$4.9M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.06832	+0.249%	$1.8M	$6.3M	10x	as long as short
Gate H_USDTlong	+0.0100%	4h	0.06815	long leg	$2.8M	$1.8M	10x
MEXC H_USDT	+0.0100%	4h	0.06829	+0.205%	$6.0M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06823	+0.117%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDT	+0.0100%	4h	0.06827	+0.176%	$1.7M	$446K	4x	as long as short
BingX H-USDT	+0.0100%	4h	0.06815	0.000%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06832	+0.247%	$8K	$5K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06844	+0.419%	$1.1M	$433K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06825	+0.146%	$9K	$94K	5x	as long as short
BloFin H-USDT	+0.0112%	4h	0.06843	+0.411%	$590K	$112K	25x	as long as short