Funding arb · Price arb /

NOT

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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 Bitget0.000%7-day average −0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$130as in the Price arb table

costs, in and out, $10k−$1331.334% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now 0.000%, 7d avg −0.035%

Together, before fees−0.053%−$5 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 0.035% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NOTUSDT	0.0005120	0.0100	pay 0.0050% / 4h	0m 44s	$672K	$387K	50x
Short	Gate NOT_USDT	0.0005120	0.0100	get 0.0050% / 4h	0m 44s	$142K	$79K	50x

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 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.035%: $3.54
Slippage, 4 orders: −$106.43
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$129.89
Costs to cover: 1.334%
Break-even: never at this rate

Slippage from Bitget: live order book, 10 min ago; Gate: live order book, 5 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, 10 min ago	1.96 bp	31.4 bp −$31	243.3 bp −$2,433	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	6.86 bp	36.7 bp −$37	doesn't fit	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	+0.0009%	4h	0.0005101	−0.375%	$72K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−4.805%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005134	+0.271%	$12K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005120	0.000%	$375K	$50K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005121	+0.025%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005120	+0.006%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005110	−0.195%	$2.2M	$828K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005120	0.000%	$638K	$630K	20x	as long as short
Gate NOT_USDTshort	+0.0100%	4h	0.0005120	0.000%	$142K	$79K	50x
MEXC NOT_USDT	+0.0100%	4h	0.0005120	0.000%	$1.4M	$464K	200x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTM	+0.0100%	4h	0.0005109	−0.215%	$467K	$137K	50x	as long as short
Bitget NOTUSDTlong	+0.0100%	4h	0.0005120	long leg	$672K	$387K	50x
BingX NOT-USDT	+0.0100%	4h	0.0005119	−0.020%	—	$7.4M	—	as long as short
BloFin NOT-USDT	+0.0101%	4h	0.0005117	−0.059%	$111K	$17K	50x	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005119	−0.022%	$4K	$491	5x	as long as short
Kraken Futures PF_NOTUSD	+0.4161%	1h	0.0005126	+0.119%	$50K	$10K	10x	as long as short