Funding arb · Price arb /

COST

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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 Bitget+0.039%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$190as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1901.903% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.039%, 7d avg −0.007%

Together, before fees−0.002%$0 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 0.046% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COSTUSDT	898.60	0	get 0.0000% / 8h	1h 49m	$398K	$125K	25x
Short	Gate COST_USDT	898.95	0	get 0.0000% / 8h	1h 49m	$523K	$26K	25x

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 +0.039%Rate

Funding earned: $0
Price spread: +0.039% → −0.007%: $4.62
Slippage, 4 orders: −$163.25
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$185.63
Costs to cover: 1.903%
Break-even: never at this rate

Slippage from Bitget: live order book, 26 min ago; Gate: live order book, 32 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, 26 min ago	9.45 bp	16.8 bp −$17	25.6 bp −$256	doesn't fit	doesn't fit
Sell Gate live order book, 32 min ago	20.83 bp	96.9 bp −$97	doesn't fit	doesn't fit	doesn't fit

COST 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 COSTUSDT	0.0000%	8h	898.24	−0.040%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	899.00	+0.045%	$470K	$193K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.68	+0.120%	$432K	$137K	10x	as long as short
Gate COST_USDTshort	0.0000%	8h	898.95	+0.039%	$523K	$26K	25x
Bitget COSTUSDTlong	0.0000%	8h	898.60	long leg	$398K	$125K	25x
Variational Omni COST	0.0000%	8h	898.63	+0.004%	$42K	$19K	—	as long as short
SunX COST-USDT	0.0000%	8h	898.40	−0.022%	$1K	$3.3M	10x	as long as short
HTX COST-USDT	0.0000%	8h	897.73	−0.097%	$10K	$42K	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.737%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.30	−0.033%	—	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest COST-USD-PERP	+0.0046%	1h	898.35	−0.028%	—	—	25x	as long as short
QFEX COST-USD	+0.0048%	1h	898.65	+0.006%	$1.1M	$2.9M	10x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.55	−0.006%	$1.8M	$536K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	899.10	+0.056%	$41K	$835K	20x	as long as short
Binance COSTUSDT	+0.0140%	8h	898.64	+0.004%	$1.1M	$970K	20x	as long as short