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: Bitget against Gate−0.048%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$600.603% of the position

Long on Gate Short on Bitget

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)+0.021%+$2 · spread now −0.048%, 7d avg +0.003%

Together, before fees+0.021%+$2 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 0.051% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COST_USDT	901.32	0	get 0.0000% / 8h	2h 48m	$522K	$8K	25x
Short	Bitget COSTUSDT	900.89	0	get 0.0000% / 8h	2h 48m	$403K	$77K	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 −0.048%Rate

Funding earned: $0
Price spread: −0.048% → +0.003%: −$5.09
Slippage, 4 orders: −$33.32
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$65.41
Costs to cover: 0.603%
Break-even: never at this rate

Slippage from Gate: live order book, 62 min ago; Bitget: live order book, 57 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, 62 min ago	6.17 bp	19.2 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 57 min ago	3.95 bp	10.1 bp −$10	32.4 bp −$324	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	901.35	+0.003%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	901.37	+0.006%	$1.1M	$969K	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	901.67	+0.039%	$491K	$221K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	901.86	+0.060%	$442K	$121K	10x	as long as short
Gate COST_USDTlong	0.0000%	8h	901.32	long leg	$522K	$8K	25x
Bitget COSTUSDTshort	0.0000%	8h	900.89	−0.048%	$403K	$77K	25x
Variational Omni COST	0.0000%	8h	901.21	−0.013%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	900.00	−0.146%	$2K	$2.9M	10x	as long as short
HTX COST-USDT	0.0000%	8h	902.29	+0.108%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0003%	1h	901.26	−0.007%	$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	−1.036%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.341%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	901.31	−0.001%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	900.87	−0.050%	$1.8M	$517K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	900.00	−0.146%	$48K	$894K	20x	as long as short