Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Gate+0.052%7-day average +0.087% · you sell dearer than you buy

Net, funding: paid 7d − costs−$424as in the Funding arb table

Net, price: spread back to 7d avg − costs−$433as in the Price arb table

costs, in and out, $10k−$4294.291% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.054%+$5 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now +0.052%, 7d avg +0.087%

Together, before fees+0.095%+$9 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 0.034% cheaper against Gate than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate IO_USDT	0.1528	0.0100	pay 0.0050% / 4h	2m 38s	$246K	$554K	50x
Short	Bitget IOUSDT	0.1529	0.0100	get 0.0050% / 4h	2m 38s	$1.3M	$1.2M	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 +0.052%Rate

Funding earned: $0
Price spread: +0.052% → +0.087%: −$3.43
Slippage, 4 orders: −$402.13
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$432.56
Costs to cover: 4.291%
Break-even: never at this rate

Slippage from Gate: live order book, 8 min ago; Bitget: 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 Gate live order book, 8 min ago	5.61 bp	180.4 bp −$180	16194.7 bp −$161.9K	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	3.29 bp	33.0 bp −$33	157.9 bp −$1,579	doesn't fit	doesn't fit

IO 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
Injective IO/USDC PERP	−0.0159%	1h	0.1519	−0.602%	$2K	$106	5.5x	as long as short
Hyperliquid IO	+0.0100%	1h	0.1529	+0.026%	$1.0M	$391K	3x	as long as short
Aster IOUSDT	+0.0100%	4h	0.1529	+0.060%	$6K	$32K	5x	as long as short
Binance IOUSDT	+0.0100%	4h	0.1528	−0.037%	$3.0M	$6.6M	50x	as long as short
Bybit IOUSDT	+0.0100%	4h	0.1525	−0.177%	$1.1M	$895K	25x	as long as short
Gate IO_USDTlong	+0.0100%	4h	0.1528	long leg	$246K	$554K	50x
MEXC IO_USDT	+0.0100%	4h	0.1527	−0.079%	$1.2M	$233K	125x	as long as short
KuCoin IOUSDTM	+0.0100%	4h	0.1529	+0.052%	$382K	$670K	50x	as long as short
Bitget IOUSDTshort	+0.0100%	4h	0.1529	+0.052%	$1.3M	$1.2M	50x
BingX IO-USDT	+0.0100%	4h	0.1527	−0.079%	—	$1.3M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni IO	+0.0100%	4h	0.1516	−0.812%	$33K	$8K	—	as long as short
Extended IO-USD	+0.0104%	1h	0.1528	+0.015%	$5K	$171K	5x	as long as short
BloFin IO-USDT	+0.0128%	4h	0.1521	−0.471%	$192K	$32K	50x	as long as short
Kraken Futures PF_IOUSD	+1.2459%	1h	0.1531	+0.166%	$40K	$19K	10x	as long as short