Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Gate against gTrade (Gains Network)+1.641%149s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 1.641% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$164 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 149 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) S/USD	0.04361	L +0.0001% / S +0.0006%	pay 0.0000% / 1h	25m 55s	$672	—	150x
Short	Gate S_USDT	0.04433	0.0100	get 0.0050% / 4h	3h 25m	$377K	$231K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee GatebpOrdersPrice spread, now +1.641%Rate

Funding earned: $20.88
Price spread: +1.641% → 0.000%: $164.05
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $159.94
Costs to cover: 0.250%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; Gate: live order book, 4 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Gate live order book, 4 min ago	8.05 bp	89.3 bp −$89	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

S on 25 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
01 Exchange SUSD	−0.2864%	1h	0.04500	+3.177%	$27K	$3K	5x	as long as short
Kraken Futures PF_SUSD	−0.2569%	1h	0.04418	+1.292%	$37K	$22K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1248%	1h	0.04308	−1.226%	$53K	$18K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04417	+1.267%	$2K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04376	+0.340%	$4	—	15x	as long as short
Variational Omni S	−0.0096%	4h	0.04314	−1.093%	$668K	$7K	—	as long as short
gTrade (Gains Network) S/USDlong	L +0.0001% / S +0.0006%	1h	0.04361	long leg	$672	—	150x
Injective S/USDC PERP	+0.0033%	1h	0.04100	−5.995%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0070%	4h	0.04415	+1.228%	$110K	$637K	10x	as long as short
Lighter S	+0.0096%	1h	0.04419	+1.320%	$189K	$100K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04420	+1.352%	$1.1M	$745K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04443	+1.873%	$48K	$175K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04439	+1.767%	$6.6M	$17.3M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04433	+1.641%	$6.3M	$4.9M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04434	+1.663%	$1.2M	$5.2M	20x	as long as short
Gate S_USDTshort	+0.0100%	4h	0.04433	+1.641%	$377K	$231K	50x
MEXC S_USDT	+0.0100%	4h	0.04440	+1.801%	$4.8M	$2.4M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04439	+1.778%	$2.1M	$2.8M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04437	+1.732%	$1.3M	$2.7M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04436	+1.709%	—	$6.9M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04310	−1.180%	$25K	$512K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04435	+1.686%	$245K	$1.3M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04412	+1.159%	$314K	$119K	75x	as long as short
Backpack S_USDC_PERP	+0.0597%	1h	0.04430	+1.572%	$104K	$474K	5x	as long as short
Deribit S_USDC-PERPETUAL	+0.0655%	1h	0.04422	+1.388%	$74K	$11K	10x	as long as short