Funding arb · Price arb /

COST

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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 0.000%

Price spread now: Gate against Bybit−0.060%7-day average +0.026% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1021.018% of the position

Long on Bybit 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)+0.109%+$11 · spread now −0.060%, 7d avg +0.026%

Together, before fees+0.109%+$11 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 0.086% cheaper against Bybit than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COSTUSDT	902.75	0	get 0.0000% / 8h	1h 41m	$491K	$220K	25x
Short	Gate COST_USDT	902.21	0	get 0.0000% / 8h	1h 41m	$522K	$8K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bybit. 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 BybitbpFee GatebpOrdersPrice spread, now −0.060%Rate

Funding earned: $0
Price spread: −0.060% → +0.026%: −$8.56
Slippage, 4 orders: −$75.84
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$110.41
Costs to cover: 1.018%
Break-even: never at this rate

Slippage from Bybit: live order book, 59 min ago; Gate: live order book, 65 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 Bybit live order book, 59 min ago	9.53 bp	19.9 bp −$20	21.0 bp −$210	doesn't fit	doesn't fit
Sell Gate live order book, 65 min ago	7.99 bp	22.5 bp −$22	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	902.78	+0.003%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	902.63	−0.013%	$1.1M	$1.0M	20x	as long as short
Bybit COSTUSDTlong	0.0000%	8h	902.75	long leg	$491K	$220K	25x
OKX COST-USDT-SWAP	0.0000%	8h	902.52	−0.025%	$442K	$123K	10x	as long as short
Gate COST_USDTshort	0.0000%	8h	902.21	−0.060%	$522K	$8K	25x
Bitget COSTUSDT	0.0000%	8h	902.41	−0.038%	$401K	$83K	25x	as long as short
Variational Omni COST	0.0000%	8h	902.14	−0.068%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	901.80	−0.105%	$2K	$2.9M	10x	as long as short
HTX COST-USDT	0.0000%	8h	903.98	+0.136%	$10K	$42K	10x	as long as short
QFEX COST-USD	0.0000%	1h	902.27	−0.053%	$1.1M	$2.5M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.193%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.498%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	902.30	−0.050%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	902.13	−0.069%	$1.8M	$519K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	901.50	−0.138%	$47K	$901K	20x	as long as short