Funding arb · Price arb /

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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: Bitget against Gate+0.148%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$117as in the Price arb table

costs, in and out, $10k−$1241.238% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.216%−$22 · spread now +0.148%, 7d avg +0.077%

Together, before fees−0.218%−$22 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 0.071% dearer against Gate than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.077%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BASED_USDT	0.06773	0.0100	pay 0.0050% / 4h	2h 13m	$538K	$524K	50x
Short	Bitget BASEDUSDT	0.06783	0.0100	get 0.0050% / 4h	2h 13m	$1.3M	$360K	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 +0.148%Rate

Funding earned: $0
Price spread: +0.148% → +0.077%: $7.1
Slippage, 4 orders: −$96.8
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$116.71
Costs to cover: 1.238%
Break-even: never at this rate

Slippage from Gate: live order book, 7 min ago; Bitget: live order book, 3 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, 7 min ago	8.86 bp	37.6 bp −$38	7092.9 bp −$70.9K	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	4.42 bp	24.6 bp −$25	83.1 bp −$831	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	+0.0087%	4h	0.06781	+0.118%	$251K	$37K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06778	+0.074%	$4.2M	$2.9M	25x	as long as short
Bybit BASEDUSDT	+0.0100%	4h	0.06769	−0.059%	$2.1M	$582K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06765	−0.118%	$2.6M	$3.4M	20x	as long as short
Gate BASED_USDTlong	+0.0100%	4h	0.06773	long leg	$538K	$524K	50x
MEXC BASED_USDT	+0.0100%	4h	0.06777	+0.059%	$4.8M	$657K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06769	−0.059%	$565K	$111K	20x	as long as short
Bitget BASEDUSDTshort	+0.0100%	4h	0.06783	+0.148%	$1.3M	$360K	25x
BingX BASED-USDT	+0.0100%	4h	0.06773	0.000%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06768	−0.071%	$92K	$22K	—	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	0.06726	−0.690%	$92K	$359K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06777	+0.059%	$1K	$798K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06777	+0.059%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0186%	4h	0.06779	+0.096%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0319%	4h	0.06781	+0.118%	$3K	$652	10x	as long as short