data as of
Settings8H · net · $10k
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Price arb /

M

all M markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$181
spread now+0.123%7d average+0.053%fees + slippage, in and out−$188spread needed1.880%
Long on GateShort on Bybit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate M_USDT1.46210.0100pay 0.0100% / 8h6h 41m$2.0M$999K10x
ShortBybit MUSDT1.46390.0100get 0.0050% / 4h2h 41m$4.6M$2.6M20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$12.31
Funding while held
$0
Slippage, 4 orders
−$161.96
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$175.65
Spread needed to break even
1.880%
Slippage from Gate: live order book, 3 min ago; Bybit: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 3 min ago13.67 bp68.0 bp −$68doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 3 min ago3.07 bp39.8 bp −$40267.4 bp −$2,674doesn't fitdoesn't fit

M price on every exchange

against the cheapest. Click to use as the short leg.
KuCoin1.4522cheapest
Gate1.4621+0.683%
SunX1.4632+0.759%Bitget1.4638+0.800%
Bybit1.4639+0.807%
BloFin1.4639+0.807%BingX1.4641+0.821%MEXC1.4647+0.862%Aster1.4647+0.863%Binance1.4650+0.884%Orderly1.4657+0.931%Variational Omni1.4733+1.451%

M on 12 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin MUSDTM−0.678%+0.2166%4h$1.4M$4.1M10xas long as short
Gate M_USDTlong0.000%+0.0100%8h$2.0M$999K10x
SunX M-USDT+0.075%+0.0100%4h$1K$498K20xas long as short
Bitget MUSDT+0.116%+0.0100%4h$1.9M$425K10xas long as short
Bybit MUSDTshort+0.123%+0.0100%4h$4.6M$2.6M20x
BloFin M-USDT+0.123%+0.0553%4h$360K$451K10xas long as short
BingX M-USDT+0.137%+0.0562%4h—$2.4M—as long as short
MEXC M_USDT+0.178%+0.0588%4h$246K$119K50xas long as short
Aster MUSDT+0.179%+0.0386%4h$14K$119K5xas long as short
Binance MUSDT+0.199%+0.0584%4h$5.4M$5.2M10xas long as short
Show all 12 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Orderly PERP_M_USDC+0.246%+0.0100%4h$2K$21910xas long as short
Variational Omni M+0.763%+0.0100%4h$90K$45K—as long as short