Funding arb · Price arb /

BTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.010%

Price spread now: Arcus against Gate+0.078%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$200.199% of the position

Long on Gate Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.031%+$3 on $10k

Price spread, last 7 days−0.065%−$7 · spread now +0.078%, 7d avg +0.035%

Together, before fees−0.034%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.044% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BTC_USDT	86,514.1	0.0082	pay 0.0082% / 8h	50m 01s	$5.88B	$10.71B	200x
Short	Arcus BTC-USD	86,582	0.0100	get 0.0013% / 1h	50m 01s	$7.6M	$95.0M	40x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.078%Rate

Funding earned: $3.78
Price spread: +0.078% → +0.035%: $4.39
Slippage, 4 orders: −$0.36
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$11.69
Costs to cover: 0.199%
Break-even: 28.6 days

Slippage from Gate: live order book, 4 min ago; Arcus: live order book, 4 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, 4 min ago	0.01 bp	7.5 bp −$8	7.6 bp −$76	9.4 bp −$944	doesn't fit
Sell Arcus live order book, 4 min ago	0.01 bp	2.6 bp −$3	2.6 bp −$26	3.1 bp −$310	doesn't fit

BTC on 56 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
Phoenix BTC	−0.0118%	1h	86,543	+0.033%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,557	+0.050%	$9K	$3K	50x	as long as short
Injective BTC/USDC PERP	−0.0035%	1h	86,601	+0.100%	$333K	$26.8M	52x	as long as short
RISEx BTC/USDC	−0.0024%	1h	86,559.3	+0.052%	$8.3M	$42.9M	25x	as long as short
01 Exchange BTCUSD	−0.0016%	1h	86,555.4	+0.048%	$358K	$2.5M	50x	as long as short
Aster BTCUSDT	−0.0002%	8h	86,518.9	+0.006%	$502.3M	$1.15B	200x	as long as short
Deribit BTC-PERPETUAL	0.0000%	1h	86,544.4	+0.035%	$916.6M	$1.49B	50x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,547.5	+0.039%	$36.9M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0010%	8h	86,509.9	−0.005%	$850.0M	$714.4M	125x	as long as short
Reya BTCRUSDPERP	+0.0025%	1h	86,540.4	+0.030%	$6.7M	$145.3M	40x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX BTC-USD	+0.0040%	1h	86,591.4	+0.089%	$17.0M	$21.1M	50x	as long as short
BingX BTC-USDC	+0.0041%	8h	86,497.2	−0.020%	—	$15.4M	—	as long as short
Phemex BTCUSDT	+0.0044%	8h	86,511.8	−0.003%	$149.7M	$479.6M	150x	as long as short
Bitget BTCUSDT	+0.0052%	8h	86,510	−0.005%	$2.96B	$5.12B	150x	as long as short
MEXC BTC_USDT	+0.0071%	8h	86,510	−0.005%	$5.16B	$5.63B	500x	as long as short
Binance BTCUSDT	+0.0072%	8h	86,508.8	−0.006%	$9.43B	$24.55B	150x	as long as short
Aevo BTC-PERP	+0.0072%	1h	86,516.8	+0.003%	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDTlong	+0.0082%	8h	86,514.1	long leg	$5.88B	$10.71B	200x
Lighter BTC	+0.0096%	1h	86,517.5	+0.004%	$170.2M	$1.01B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,532.1	+0.021%	$24.1M	$151.2M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,544	+0.035%	$8.5M	$52.5M	100x	as long as short
Bybit BTCUSDT	+0.0099%	8h	86,515.2	+0.001%	$5.26B	$9.81B	150x	as long as short
Aftermath Perps BTCUSD	+0.0100%	1h	86,542.4	+0.033%	$79K	$220K	20x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,530	+0.018%	$202K	$7.0M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,602.8	+0.103%	$4.8M	$8.6M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,566.6	+0.061%	$21.8M	$234.6M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,585	+0.082%	$3.79B	$5.11B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,594	+0.092%	$41.2M	$521.5M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,515.8	+0.002%	$2.55B	$12.74B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,566	+0.060%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USDshort	+0.0100%	1h	86,582	+0.078%	$7.6M	$95.0M	40x
Bulk BTC-USD	+0.0100%	1h	86,560.7	+0.054%	$572.5M	$17.8M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,510.8	−0.004%	$37.9M	$154.7M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,524.8	+0.012%	$155.3M	$568.2M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,512.3	−0.002%	$279.6M	$945.1M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,538.5	+0.028%	$217.2M	$173.5M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,585.9	+0.083%	$141.5M	$323.6M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,532.3	+0.021%	$30.7M	$204.5M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,596.6	+0.095%	—	$11.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,546	+0.037%	$11.1M	$13.8M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,531	+0.020%	$191K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,529.5	+0.018%	$2.4M	$8.8M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,556.2	+0.049%	$140K	$663K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,555	+0.047%	$30.6M	$62.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,516.1	+0.002%	$3.4M	$5.4M	100x	as long as short
SoDEX BTC-USD	+0.0100%	1h	86,506	−0.009%	$60.5M	$337.6M	40x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,513.4	−0.001%	$2.30B	$969.5M	200x	as long as short
Extended BTC-USD	+0.0104%	1h	86,493.2	−0.024%	$45.4M	$227.0M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,550.2	+0.042%	—	$99.1M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0110%	1h	86,535.6	+0.025%	$193.5M	$951.0M	100x	as long as short
Perpl BTC	+0.0112%	43m	86,544.8	+0.035%	$416K	$23.4M	6.7x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,552.1	+0.044%	$132.7M	$5.68B	50x	as long as short
Hibachi BTC/USDT-P	+0.0176%	1h	86,578.4	+0.074%	$722K	$8.0M	30x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0191% / S −0.0214%	1h	86,543.2	+0.034%	$15.1M	—	200x	as long as short
BloFin BTC-USDT	+0.0192%	8h	86,530.5	+0.019%	$414.3M	$658.1M	150x	as long as short
Kalshi KXBTCPERP	+0.0205%	8h	86,575	+0.070%	$9.7M	$740.6M	6.4x	as long as short