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

Net, funding: paid 7d − costs−$233as in the Funding arb table

Net, price: spread back to 7d avg − costs−$244as in the Price arb table

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

Long on Gate Short on Bitget

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: Bitget is 0.070% cheaper against Gate than usual: you would sell low and buy high, −$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	Gate LAYER_USDT	0.07581	0.0100	pay 0.0050% / 4h	2h 57m	$135K	$53K	20x
Short	Bitget LAYERUSDT	0.07577	0.0100	get 0.0050% / 4h	2h 57m	$1.1M	$161K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.053%Rate

Funding earned: $0
Price spread: −0.053% → +0.017%: −$6.98
Slippage, 4 orders: −$209.56
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$243.55
Costs to cover: 2.366%
Break-even: never at this rate

Slippage from Gate: live order book, 26 min ago; Bitget: live order book, 4 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, 26 min ago	8.56 bp	107.2 bp −$107	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	3.30 bp	22.3 bp −$22	102.6 bp −$1,026	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	0.07580	−0.020%	$8K	$964	10x	as long as short
Injective LAYER/USDC PERP	+0.0033%	1h	0.07274	−4.050%	—	$18K	5.5x	as long as short
BloFin LAYER-USDT	+0.0067%	4h	0.07577	−0.053%	$86K	$12K	50x	as long as short
Hyperliquid LAYER	+0.0100%	1h	0.07586	+0.066%	$583K	$164K	3x	as long as short
Aster LAYERUSDT	+0.0100%	4h	0.07576	−0.070%	$9K	$2K	5x	as long as short
Binance LAYERUSDT	+0.0100%	4h	0.07576	−0.066%	$2.0M	$2.3M	50x	as long as short
OKX LAYER-USDT-SWAP	+0.0100%	4h	0.07571	−0.132%	$697K	$648K	20x	as long as short
Gate LAYER_USDTlong	+0.0100%	4h	0.07581	long leg	$135K	$53K	20x
MEXC LAYER_USDT	+0.0100%	4h	0.07576	−0.066%	$350K	$113K	20x	as long as short
Bitget LAYERUSDTshort	+0.0100%	4h	0.07577	−0.053%	$1.1M	$161K	50x

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni LAYERUSDT	+0.0100%	1h	0.07580	−0.013%	$25K	$189K	50x	as long as short
Extended LAYER-USD	+0.0104%	1h	0.07575	−0.080%	$2K	$174K	5x	as long as short
BingX LAYER-USDT	+0.0432%	4h	0.07581	0.000%	—	$1.6M	—	as long as short