Funding arb · Price arb /

ALT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.013%

Price spread now: Gate against Bybit0.000%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$614as in the Funding arb table

Net, price: spread back to 7d avg − costs−$626as in the Price arb table

costs, in and out, $10k−$6246.237% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now 0.000%, 7d avg +0.025%

Together, before fees+0.105%+$10 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 0.025% cheaper against Bybit than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ALTUSDT	0.007579	0.0100	pay 0.0050% / 4h	3h 09m	$1.2M	$1.6M	25x
Short	Gate ALT_USDT	0.007579	0.0100	get 0.0100% / 8h	7h 09m	$52K	$410K	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 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.025%: −$2.45
Slippage, 4 orders: −$597.74
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$626.19
Costs to cover: 6.237%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Gate: live order book, 61 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, 2 min ago	5.28 bp	33.0 bp −$33	264.9 bp −$2,649	doesn't fit	doesn't fit
Sell Gate live order book, 61 min ago	7.96 bp	287.3 bp −$287	doesn't fit	doesn't fit	doesn't fit

ALT 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
Kraken Futures PF_ALTUSD	−0.0494%	1h	0.007594	+0.192%	$44K	$8K	10x	as long as short
Injective ALT/USDC PERP	+0.0033%	1h	0.007604	+0.330%	$827	$4K	5.5x	as long as short
Variational Omni ALT	+0.0075%	4h	0.007563	−0.208%	$5K	$13K	—	as long as short
Hyperliquid ALT	+0.0100%	1h	0.007580	+0.013%	$1.1M	$180K	3x	as long as short
Binance ALTUSDT	+0.0100%	4h	0.007583	+0.056%	$2.6M	$3.6M	50x	as long as short
Bybit ALTUSDTlong	+0.0100%	4h	0.007579	long leg	$1.2M	$1.6M	25x
Gate ALT_USDTshort	+0.0100%	8h	0.007579	0.000%	$52K	$410K	25x
MEXC ALT_USDT	+0.0100%	4h	0.007589	+0.132%	$418K	$187K	50x	as long as short
KuCoin ALTUSDTM	+0.0100%	4h	0.007584	+0.066%	$149K	$21K	30x	as long as short
Bitget ALTUSDT	+0.0100%	4h	0.007580	+0.013%	$602K	$124K	50x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ALT-USDT	+0.0100%	4h	0.007589	+0.132%	—	$1.3M	—	as long as short
BloFin ALT-USDT	+0.0106%	4h	0.007594	+0.198%	$173K	$10K	50x	as long as short
Deribit ALT_USDC-PERPETUAL	+0.0277%	1h	0.007590	+0.145%	—	$0	25x	as long as short
Coinbase International ALT-PERP-INTX	+0.0392%	1h	0.007598	+0.251%	$14K	$3K	50x	as long as short