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: Bybit against Gate+0.044%7-day average −0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$241as in the Funding arb table

Net, price: spread back to 7d avg − costs−$227as in the Price arb table

costs, in and out, $10k−$2382.381% of the position

Long on Gate Short on Bybit

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)−0.396%−$40 · spread now +0.044%, 7d avg −0.065%

Together, before fees−0.420%−$42 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: Bybit is 0.109% dearer against Gate than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BASED_USDT	0.06809	0.0100	pay 0.0050% / 4h	30m 47s	$534K	$592K	50x
Short	Bybit BASEDUSDT	0.06812	0.0100	get 0.0050% / 4h	30m 47s	$2.1M	$706K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.044%Rate

Funding earned: $0
Price spread: +0.044% → −0.065%: $10.86
Slippage, 4 orders: −$212.08
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$227.22
Costs to cover: 2.381%
Break-even: never at this rate

Slippage from Gate: live order book, 25 min ago; Bybit: live order book, 1 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, 25 min ago	8.81 bp	35.8 bp −$36	6063.3 bp −$60.6K	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	8.09 bp	67.5 bp −$68	954.3 bp −$9,543	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
Aster BASEDUSDT	+0.0100%	4h	0.06818	+0.131%	$29K	$6K	5x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06820	+0.161%	$4.2M	$3.1M	25x	as long as short
Bybit BASEDUSDTshort	+0.0100%	4h	0.06812	+0.044%	$2.1M	$706K	25x
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06818	+0.132%	$2.7M	$3.8M	20x	as long as short
Gate BASED_USDTlong	+0.0100%	4h	0.06809	long leg	$534K	$592K	50x
MEXC BASED_USDT	+0.0100%	4h	0.06821	+0.176%	$4.9M	$592K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06819	+0.147%	$574K	$74K	20x	as long as short
Bitget BASEDUSDT	+0.0100%	4h	0.06825	+0.235%	$1.3M	$369K	25x	as long as short
BingX BASED-USDT	+0.0100%	4h	0.06815	+0.088%	—	$1.7M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06799	−0.142%	$94K	$15K	—	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	0.06777	−0.476%	$94K	$371K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06800	−0.132%	$866	$892K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06817	+0.125%	$1K	$199K	5x	as long as short
BloFin BASED-USDT	+0.0120%	4h	0.06797	−0.176%	$258K	$47K	25x	as long as short
Orderly PERP_BASED_USDC	+0.0241%	4h	0.06816	+0.103%	$3K	$664	10x	as long as short