Funding arb · Price arb /

H

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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 0.000%

Price spread now: Bitget against Gate−0.164%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$516as in the Funding arb table

Net, price: spread back to 7d avg − costs−$527as in the Price arb table

costs, in and out, $10k−$5165.158% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days+0.022%+$2 · spread now −0.164%, 7d avg −0.056%

Together, before fees+0.022%+$2 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: Bitget is 0.108% cheaper against Gate than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate H_USDT	0.06696	0.0100	pay 0.0050% / 4h	48m 43s	$2.7M	$1.8M	10x
Short	Bitget HUSDT	0.06685	0.0100	get 0.0050% / 4h	48m 43s	$1.7M	$448K	4x

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 −0.164%Rate

Funding earned: $0
Price spread: −0.164% → −0.056%: −$10.8
Slippage, 4 orders: −$488.77
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$526.57
Costs to cover: 5.158%
Break-even: never at this rate

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	4.50 bp	91.8 bp −$92	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	8.25 bp	141.7 bp −$142	doesn't fit	doesn't fit	doesn't fit

H 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
KuCoin HUSDTM	+0.0010%	4h	0.06702	+0.090%	$1.6M	$10.0M	8x	as long as short
Injective H/USDC PERP	+0.0033%	1h	0.06250	−6.661%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0093%	4h	0.06696	0.000%	$585K	$108K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06698	+0.037%	$110K	$57K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06702	+0.090%	$14.4M	$11.0M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06690	−0.090%	$7.4M	$4.9M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06708	+0.179%	$1.8M	$6.0M	10x	as long as short
Gate H_USDTlong	+0.0100%	4h	0.06696	long leg	$2.7M	$1.8M	10x
MEXC H_USDT	+0.0100%	4h	0.06703	+0.105%	$6.0M	$1.1M	20x	as long as short
Bitget HUSDTshort	+0.0100%	4h	0.06685	−0.164%	$1.7M	$448K	4x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06700	+0.060%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06671	−0.368%	$7K	$9K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06681	−0.224%	$1.1M	$434K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06700	+0.063%	$9K	$100K	5x	as long as short