Funding arb · Price arb /

GIGGLE

all GIGGLE markets

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 −0.017%

Price spread now: Gate against OKX−0.258%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$109as in the Price arb table

costs, in and out, $10k−$860.859% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.258%, 7d avg −0.028%

Together, before fees−0.064%−$6 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: Gate is 0.230% cheaper against OKX than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX GIGGLE-USDT-SWAP	38.740	0.0100	pay 0.0050% / 4h	1h 11m	$1.3M	$4.2M	50x
Short	Gate GIGGLE_USDT	38.640	0.0100	get 0.0050% / 4h	1h 11m	$369K	$556K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.258%Rate

Funding earned: $0
Price spread: −0.258% → −0.028%: −$23.04
Slippage, 4 orders: −$60.93
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$108.97
Costs to cover: 0.859%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Gate: live order book, 50 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 OKX live order book, 1 min ago	1.29 bp	19.1 bp −$19	129.1 bp −$1,291	doesn't fit	doesn't fit
Sell Gate live order book, 50 min ago	3.87 bp	23.5 bp −$23	767.3 bp −$7,673	doesn't fit	doesn't fit

GIGGLE on 14 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 GIGGLEUSDT	+0.0100%	4h	38.694	−0.119%	$48K	$129K	5x	as long as short
Binance GIGGLEUSDT	+0.0100%	4h	38.720	−0.052%	$11.0M	$13.9M	50x	as long as short
Bybit GIGGLEUSDT	+0.0100%	4h	38.750	+0.026%	$1.6M	$1.8M	25x	as long as short
OKX GIGGLE-USDT-SWAPlong	+0.0100%	4h	38.740	long leg	$1.3M	$4.2M	50x
Gate GIGGLE_USDTshort	+0.0100%	4h	38.640	−0.258%	$369K	$556K	50x
KuCoin GIGGLEUSDTM	+0.0100%	4h	38.650	−0.232%	$2.1M	$4.0M	50x	as long as short
Bitget GIGGLEUSDT	+0.0100%	4h	38.660	−0.207%	$1.7M	$465K	25x	as long as short
Variational Omni GIGGLE	+0.0100%	4h	38.672	−0.174%	$27K	$3K	—	as long as short
GRVT GIGGLE_USDT_Perp	+0.0100%	4h	38.682	−0.150%	$204K	$505K	10x	as long as short
SunX GIGGLE-USDT	+0.0100%	4h	38.670	−0.181%	$2K	$1.3M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended GIGGLE-USD	+0.0104%	1h	38.646	−0.241%	$3K	$168K	5x	as long as short
BloFin GIGGLE-USDT	+0.0114%	4h	38.640	−0.258%	$479K	$36K	50x	as long as short
MEXC GIGGLE_USDT	+0.0228%	4h	38.680	−0.155%	$1.3M	$649K	50x	as long as short
BingX GIGGLE-USDT	+0.0228%	4h	38.720	−0.052%	—	$6.7M	—	as long as short