Funding arb · Price arb /

STABLE

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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 −0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$469as in the Funding arb table

Net, price: spread back to 7d avg − costs−$489as in the Price arb table

costs, in and out, $10k−$4914.909% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.223%+$22 on $10k

Price spread, last 4 days (all we have)+0.026%+$3 · spread now 0.000%, 7d avg −0.023%

Together, before fees+0.249%+$25 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 0.023% dearer against Bitget than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget STABLEUSDT	0.02484	0.0100	pay 0.0050% / 4h	55m 00s	$293K	$115K	25x
Short	Gate STABLE_USDT	0.02484	0.0100	get 0.0050% / 4h	55m 00s	$172K	$88K	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% → −0.023%: $2.3
Slippage, 4 orders: −$463.92
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$488.61
Costs to cover: 4.909%
Break-even: never at this rate

Slippage from Bitget: live order book, 15 min ago; Gate: live order book, 16 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, 15 min ago	2.03 bp	74.9 bp −$75	262.8 bp −$2,628	doesn't fit	doesn't fit
Sell Gate live order book, 16 min ago	4.06 bp	177.9 bp −$178	doesn't fit	doesn't fit	doesn't fit

STABLE on 15 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
Aster STABLEUSDT	−0.0026%	4h	0.02482	−0.092%	$19K	$6K	20x	as long as short
BloFin STABLE-USDT	+0.0094%	4h	0.02483	−0.040%	$112K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02496	+0.495%	$115K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02482	−0.064%	$875K	$227K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02481	−0.141%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02484	−0.008%	$1.5M	$753K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02484	0.000%	$204K	$406K	20x	as long as short
Gate STABLE_USDTshort	+0.0100%	4h	0.02484	0.000%	$172K	$88K	50x
MEXC STABLE_USDT	+0.0100%	4h	0.02481	−0.121%	$662K	$154K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02491	+0.282%	$178K	$28K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDTlong	+0.0100%	4h	0.02484	long leg	$293K	$115K	25x
BingX STABLE-USDT	+0.0100%	4h	0.02483	−0.040%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02486	+0.067%	$146K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02480	−0.149%	$1K	$661K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02480	−0.164%	$12K	$175K	10x	as long as short