Settings8H · net · $10k
Funding arb · Price arb /

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Gate against Bitget+0.144%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1431.433% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.173%−$17 on $10k
Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.144%, 7d avg +0.010%
Together, before fees−0.370%−$37 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 0.135% dearer against Bitget than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.010%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget GMTUSDT0.0083080.0100pay 0.0050% / 4h2h 33m$668K$405K50x
ShortGate GMT_USDT0.0083200.0100get 0.0100% / 8h2h 33m$149K$102K50x

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

Funding earned
$0
Price spread: +0.144% → +0.010%
$13.48
Slippage, 4 orders
−$116.33
Fee Bitget: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$129.85
Costs to cover
1.433%
Break-even
never at this rate
Slippage from Bitget: live order book, 52 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 52 min ago6.01 bp26.6 bp −$27193.6 bp −$1,936doesn't fitdoesn't fit
Sell Gate live order book, 50 min ago6.01 bp44.6 bp −$45doesn't fitdoesn't fitdoesn't fit

GMT on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_GMTUSD−0.1132%1h0.008312+0.049%$47K$8K20xas long as short
KuCoin GMTUSDTM+0.0086%4h0.008300−0.096%$257K$99K50xas long as short
Hyperliquid GMT+0.0100%1h0.008313+0.060%$122K$123K3xas long as short
Aster GMTUSDT+0.0100%4h0.008310+0.025%$8K$14K10xas long as short
Binance GMTUSDT+0.0100%4h0.008312+0.048%$2.6M$3.0M50xas long as short
Bybit GMTUSDT+0.0100%8h0.008310+0.024%$1.1M$1.1M50xas long as short
OKX GMT-USDT-SWAP+0.0100%4h0.008313+0.060%$343K$552K20xas long as short
Gate GMT_USDTshort+0.0100%8h0.008320+0.144%$149K$102K50x
MEXC GMT_USDT+0.0100%4h0.008310+0.024%$411K$181K20xas long as short
Bitget GMTUSDTlong+0.0100%4h0.008308long leg$668K$405K50x
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX GMT-USDT+0.0100%4h0.008310+0.024%$1.2Mas long as short
Variational Omni GMT+0.0100%8h0.008305−0.034%$3K$5Kas long as short