Funding arb · Price arb /

ETH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.017%

Price spread now: Gate against Bitget+0.003%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$270.271% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.055%−$6 on $10k

Price spread, last 7 days+0.001%$0 · spread now +0.003%, 7d avg −0.002%

Together, before fees−0.055%−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ETHUSDT	2,738.5	0.0100	pay 0.0100% / 8h	4h 29m	$2.07B	$2.74B	150x
Short	Gate ETH_USDT	2,738.5	0.0100	get 0.0100% / 8h	4h 29m	$3.35B	$8.88B	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Bitget. 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 BitgetbpFee GatebpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → −0.002%: $0.47
Slippage, 4 orders: −$0.07
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$26.61
Costs to cover: 0.271%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Gate: 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 Bitget live order book, 4 min ago	0.02 bp	6.0 bp −$6	6.1 bp −$61	6.9 bp −$693	9.7 bp −$4,862
Sell Gate live order book, 4 min ago	0.02 bp	7.5 bp −$8	7.6 bp −$76	10.3 bp −$1,034	17.6 bp −$8,804

ETH on 55 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
Perpl ETH	−0.0447%	43m	2,738.2	−0.008%	$298K	$5.6M	8.3x	as long as short
Injective ETH/USDC PERP	−0.0141%	1h	2,730.9	−0.276%	$117K	$22.5M	52x	as long as short
Hotstuff ETH-PERP	−0.0080%	1h	2,739.1	+0.023%	$5K	$1K	50x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0010% / S +0.0043%	1h	2,738.4	−0.004%	$12.0M	—	200x	as long as short
dYdX ETH-USD	0.0000%	1h	2,738.9	+0.018%	$10.8M	$41.7M	50x	as long as short
01 Exchange ETHUSD	0.0000%	1h	2,738.5	+0.001%	$188K	$821K	50x	as long as short
Phoenix ETH	0.0000%	1h	2,736.5	−0.072%	$830K	$2.9M	25x	as long as short
Bullet ETH-USD	+0.0007%	1h	2,737.6	−0.032%	$179K	$1.7M	20x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0007%	1h	2,738.8	+0.012%	$28.1M	—	200x	as long as short
ApeX Omni ETHUSDT	+0.0036%	1h	2,732.9	−0.202%	$8.7M	$31.3M	100x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX ETH-USDT	+0.0056%	8h	2,738.3	−0.005%	—	$1.15B	—	as long as short
Phemex ETHUSDT	+0.0061%	8h	2,738.9	+0.014%	$266.3M	$65.6M	150x	as long as short
HTX ETH-USDT	+0.0062%	8h	2,737.6	−0.033%	$1.06B	$1.19B	200x	as long as short
KuCoin ETHUSDTM	+0.0066%	8h	2,739.4	+0.035%	$380.7M	$575.0M	100x	as long as short
OKX ETH-USDT-SWAP	+0.0070%	8h	2,738.3	−0.008%	$1.67B	$10.74B	100x	as long as short
Bybit ETHUSDT	+0.0071%	8h	2,738.1	−0.012%	$2.39B	$4.35B	150x	as long as short
SoDEX ETH-USD	+0.0077%	1h	2,738.5	+0.001%	$54.5M	$187.6M	40x	as long as short
Aster ETHUSDT	+0.0084%	8h	2,739.6	+0.042%	$251.4M	$844.0M	200x	as long as short
Aevo ETH-PERP	+0.0088%	1h	2,735.7	−0.100%	$4.9M	$155K	20x	as long as short
MEXC ETH_USDT	+0.0090%	8h	2,738.8	+0.013%	$1.53B	$2.56B	500x	as long as short
Binance ETHUSDT	+0.0090%	8h	2,738.5	+0.002%	$6.35B	$15.88B	150x	as long as short
Lighter ETH	+0.0096%	1h	2,738.4	−0.004%	$113.3M	$438.6M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,740.2	+0.062%	$23.4M	$106.0M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,738.8	+0.012%	—	$30.9M	500x	as long as short
Paradex ETH-USD-PERP	+0.0098%	8h	2,742.5	+0.146%	$15.5M	$8.0M	50x	as long as short
RISEx ETH/USDC	+0.0099%	1h	2,738.9	+0.016%	$5.6M	$11.6M	25x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,738	−0.017%	$500K	$3.2M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,738.2	−0.011%	$13.8M	$104.3M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,740.7	+0.081%	$3.11B	$2.05B	25x	as long as short
Pacifica ETH	+0.0100%	1h	2,739.3	+0.032%	$32.0M	$334.3M	50x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,737.9	−0.021%	$2.7M	$17.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,739	+0.019%	$1.6M	$16.3M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,728.7	−0.358%	$166.6M	$310.3M	25x	as long as short
Gate ETH_USDTshort	+0.0100%	8h	2,738.5	+0.003%	$3.35B	$8.88B	200x
Bitget ETHUSDTlong	+0.0100%	8h	2,738.5	long leg	$2.07B	$2.74B	150x
Backpack ETH_USDC_PERP	+0.0100%	1h	2,739.3	+0.031%	$15.0M	$39.6M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,736.1	−0.087%	$133.6M	$325.4M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,729.6	−0.322%	$183.6M	$671.6M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,730.3	−0.299%	$158.8M	$86.8M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,737.2	−0.046%	$21.1M	$68.5M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,738.6	+0.005%	—	$843K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,739.4	+0.034%	$11.2M	$9.1M	50x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,739.1	+0.021%	$21K	$20K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,740.1	+0.058%	$41.4M	$29.8M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,736.4	−0.077%	$960K	$11.4M	100x	as long as short
Extended ETH-USD	+0.0104%	1h	2,738.3	−0.007%	$30.3M	$72.7M	50x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,740.1	+0.058%	$51.5M	$4.28B	50x	as long as short
Aftermath Perps ETHUSD	+0.0123%	1h	2,734.5	−0.146%	$30K	$20K	20x	as long as short
Deribit ETH-PERPETUAL	+0.0133%	1h	2,740.1	+0.060%	$260.2M	$196.5M	50x	as long as short
Kalshi KXETHPERP	+0.0144%	8h	2,738.6	+0.005%	$6.6M	$678.5M	4.9x	as long as short
Orderly PERP_ETH_USDC	+0.0193%	8h	2,741	+0.091%	$32.2M	$11.5M	100x	as long as short
Reya ETHRUSDPERP	+0.0221%	1h	2,736.9	−0.056%	$7.3M	$1.2M	25x	as long as short
Kraken Futures PF_ETHUSD	+0.0221%	1h	2,739.6	+0.041%	$83.6M	$314.8M	100x	as long as short
Hibachi ETH/USDT-P	+0.0256%	1h	2,738.8	+0.012%	$254K	$1.4M	20x	as long as short
BloFin ETH-USDT	+0.0361%	8h	2,736.8	−0.062%	$283.7M	$175.6M	150x	as long as short