Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bybit−0.015%7-day average +0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$196as in the Funding arb table

Net, price: spread back to 7d avg − costs−$206as in the Price arb table

costs, in and out, $10k−$1981.982% of the position

Long on Bybit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 4 days (all we have)+0.219%+$22 · spread now −0.015%, 7d avg +0.064%

Together, before fees+0.244%+$24 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 0.079% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BASEDUSDT	0.06839	0.0100	pay 0.0050% / 4h	3h 41m	$2.1M	$590K	25x
Short	Gate BASED_USDT	0.06838	0.0100	get 0.0050% / 4h	3h 41m	$544K	$531K	50x

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 −0.015%Rate

Funding earned: $0
Price spread: −0.015% → +0.064%: −$7.85
Slippage, 4 orders: −$172.16
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$206.01
Costs to cover: 1.982%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Gate: live order book, 29 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, 5 min ago	5.86 bp	67.8 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 29 min ago	8.10 bp	34.4 bp −$34	doesn't fit	doesn't fit	doesn't fit

BASED 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
BloFin BASED-USDT	+0.0051%	4h	0.06838	−0.015%	$251K	$41K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06843	+0.058%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDTlong	+0.0100%	4h	0.06839	long leg	$2.1M	$590K	25x
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06840	+0.015%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDTshort	+0.0100%	4h	0.06838	−0.015%	$544K	$531K	50x
MEXC BASED_USDT	+0.0100%	4h	0.06845	+0.088%	$4.8M	$643K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06834	−0.073%	$573K	$55K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06848	+0.132%	$1.3M	$352K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06840	+0.015%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06819	−0.293%	$93K	$21K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06836	−0.045%	$91K	$382K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06839	0.000%	$1K	$836K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06844	+0.080%	$7K	$250K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0294%	4h	0.06848	+0.132%	$3K	$652	10x	as long as short
Aster BASEDUSDT	+0.0337%	4h	0.06845	+0.081%	$29K	$6K	5x	as long as short