Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bitget+0.053%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$240as in the Funding arb table

Net, price: spread back to 7d avg − costs−$230as in the Price arb table

costs, in and out, $10k−$2372.366% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)−0.067%−$7 · spread now +0.053%, 7d avg −0.017%

Together, before fees−0.099%−$10 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 0.070% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget LAYERUSDT	0.07577	0.0100	pay 0.0050% / 4h	2h 57m	$1.1M	$161K	50x
Short	Gate LAYER_USDT	0.07581	0.0100	get 0.0050% / 4h	2h 57m	$135K	$53K	20x

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

Position, each leg$Hold fordaysFee BitgetbpFee GatebpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → −0.017%: $6.99
Slippage, 4 orders: −$209.56
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$229.58
Costs to cover: 2.366%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Gate: live order book, 25 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 Bitget live order book, 4 min ago	3.30 bp	29.5 bp −$30	161.4 bp −$1,614	doesn't fit	doesn't fit
Sell Gate live order book, 25 min ago	8.56 bp	77.6 bp −$78	doesn't fit	doesn't fit	doesn't fit

LAYER on 13 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
Kraken Futures PF_LAYERUSD	−0.0468%	1h	0.07579	+0.030%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−3.999%	—	$18K	5.5x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07586	+0.117%	$583K	$164K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07576	−0.018%	$9K	$2K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07576	−0.015%	$2.0M	$2.3M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07571	−0.079%	$697K	$648K	20x	as long as short
Gate LAYER_USDTshort	+0.0100%	4h	0.07581	+0.053%	$135K	$53K	20x
MEXC LAYER_USDT	+0.0100%	4h	0.07576	−0.013%	$350K	$113K	20x	as long as short
Bitget LAYERUSDTlong	+0.0100%	4h	0.07577	long leg	$1.1M	$161K	50x
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07580	+0.040%	$25K	$189K	50x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended LAYER-USD	+0.0104%	1h	0.07574	−0.039%	$2K	$174K	5x	as long as short
BloFin LAYER-USDT	+0.0128%	4h	0.07577	0.000%	$113K	$12K	50x	as long as short
BingX LAYER-USDT	+0.0432%	4h	0.07580	+0.040%	—	$1.6M	—	as long as short