Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Gate−0.122%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$430as in the Funding arb table

Net, price: spread back to 7d avg − costs−$422as in the Price arb table

costs, in and out, $10k−$4084.076% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.153%−$15 · spread now −0.122%, 7d avg +0.021%

Together, before fees−0.376%−$38 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 0.144% cheaper against Gate than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate STABLE_USDT	0.02457	0.0100	pay 0.0050% / 4h	51m 54s	$173K	$57K	50x
Short	Bitget STABLEUSDT	0.02454	0.0100	get 0.0050% / 4h	51m 54s	$281K	$90K	25x

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 −0.122%Rate

Funding earned: $0
Price spread: −0.122% → +0.021%: −$14.36
Slippage, 4 orders: −$380.6
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$421.96
Costs to cover: 4.076%
Break-even: never at this rate

Slippage from Gate: live order book, 64 min ago; Bitget: live order book, 63 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, 64 min ago	4.02 bp	99.6 bp −$100	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 63 min ago	2.01 bp	78.9 bp −$79	241.0 bp −$2,410	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
BloFin STABLE-USDT	+0.0074%	4h	0.02461	+0.163%	$119K	$7K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02467	+0.415%	$113K	$6K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02453	−0.147%	$862K	$186K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02454	−0.128%	$18K	$8K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02453	−0.163%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02457	−0.008%	$1.5M	$771K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02452	−0.204%	$202K	$380K	20x	as long as short
Gate STABLE_USDTlong	+0.0100%	4h	0.02457	long leg	$173K	$57K	50x
MEXC STABLE_USDT	+0.0100%	4h	0.02453	−0.163%	$599K	$159K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02462	+0.204%	$182K	$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 STABLEUSDTshort	+0.0100%	4h	0.02454	−0.122%	$281K	$90K	25x
BingX STABLE-USDT	+0.0100%	4h	0.02458	+0.041%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02465	+0.329%	$144K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02452	−0.220%	$2K	$853K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02453	−0.150%	$12K	$138K	10x	as long as short