Funding arb · Price arb /

BX

RWAall BX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: Bybit against Gate−0.095%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$318as in the Funding arb table

Net, price: spread back to 7d avg − costs−$308as in the Price arb table

costs, in and out, $10k−$3013.013% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.165%−$17 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.095%, 7d avg −0.029%

Together, before fees−0.081%−$8 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: Bybit is 0.066% 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 −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BX_USDT	126.35	0	get 0.0000% / 8h	3h 23m	$422K	$28K	20x
Short	Bybit BXUSDT	126.23	0	get 0.0000% / 8h	3h 23m	$483K	$802K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.095%Rate

Funding earned: $0
Price spread: −0.095% → −0.029%: −$6.64
Slippage, 4 orders: −$275.35
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$307.98
Costs to cover: 3.013%
Break-even: never at this rate

Slippage from Gate: live order book, 27 min ago; Bybit: live order book, 26 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, 27 min ago	11.88 bp	21.6 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 26 min ago	2.77 bp	105.2 bp −$105	223.1 bp −$2,231	doesn't fit	doesn't fit

BX on 14 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
tradeXYZ xyz:BX	−0.0443%	1h	126.21	−0.111%	$664K	$217K	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.19	−0.125%	$5K	$2K	20x	as long as short
Bybit BXUSDTshort	0.0000%	8h	126.23	−0.095%	$483K	$802K	25x
OKX BX-USDT-SWAP	0.0000%	8h	126.24	−0.087%	$163K	$111K	20x	as long as short
QFEX BX-USD	0.0000%	1h	127.06	+0.562%	$1.1M	$1.5M	10x	as long as short
Gate BX_USDTlong	0.0000%	8h	126.35	long leg	$422K	$28K	20x
Bitget BXUSDT	0.0000%	8h	126.42	+0.055%	$900K	$37K	20x	as long as short
GRVT BX_USDT_Perp	0.0000%	8h	126.27	−0.063%	$1K	$107K	10x	as long as short
SunX BX-USDT	0.0000%	8h	126.26	−0.071%	$538	$315K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.46	+0.087%	$7K	$3K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BXUSDTM	+0.0100%	8h	126.10	−0.198%	$115K	$892K	20x	as long as short
Variational Omni BX	+0.0116%	8h	126.21	−0.109%	$43K	$12K	—	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.75	+9.814%	$4K	$32K	12x	as long as short
Binance BXUSDT	+0.0238%	8h	126.23	−0.098%	$776K	$489K	20x	as long as short