Funding arb · Price arb /

F

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0117%/8h= +12.8% APRpaid last 24h +0.113%

Price spread now: Bitget against Gate0.000%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$890.893% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.463%+$46 on $10k

Price spread, last 7 days−0.127%−$13 · spread now 0.000%, 7d avg −0.024%

Together, before fees+0.336%+$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bitget is 0.024% dearer against Gate than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate F_USDT	0.003710	−0.0017	get 0.0017% / 8h	2h 47m	$180K	$1.4M	25x
Short	Bitget FUSDT	0.003710	0.0100	get 0.0050% / 4h	2h 47m	$506K	$997K	50x

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 0.000%Rate

Funding earned: $24.57
Price spread: 0.000% → −0.024%: $2.41
Slippage, 4 orders: −$62.29
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$62.3
Costs to cover: 0.893%
Break-even: 24.8 days

Slippage from Gate: live order book, 4 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, 4 min ago	4.05 bp	23.7 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	4.05 bp	28.1 bp −$28	69.3 bp −$693	doesn't fit	doesn't fit

F on 10 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
Gate F_USDTlong	−0.0017%	8h	0.003710	long leg	$180K	$1.4M	25x
Aster FUSDT	+0.0100%	4h	0.003708	−0.063%	$15K	$30K	5x	as long as short
Binance FUSDT	+0.0100%	4h	0.003708	−0.040%	$4.0M	$7.7M	50x	as long as short
Bybit FUSDT	+0.0100%	4h	0.003709	−0.027%	$2.4M	$2.6M	25x	as long as short
OKX F-USDT-SWAP	+0.0100%	4h	0.003707	−0.081%	$739K	$2.2M	20x	as long as short
MEXC F_USDT	+0.0100%	4h	0.003708	−0.054%	$635K	$191K	50x	as long as short
KuCoin FUSDTM	+0.0100%	4h	0.003708	−0.054%	$783K	$1.3M	30x	as long as short
Bitget FUSDTshort	+0.0100%	4h	0.003710	0.000%	$506K	$997K	50x
BingX F-USDT	+0.0100%	4h	0.003710	0.000%	—	$6.6M	—	as long as short
Variational Omni F	+0.0100%	4h	0.003701	−0.256%	$699	$379	—	as long as short