Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Bitget+0.040%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$1451.452% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 4 days (all we have)−0.077%−$8 · spread now +0.040%, 7d avg −0.033%

Together, before fees−0.093%−$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: Gate is 0.074% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NOTUSDT	0.0004988	0.0100	pay 0.0050% / 4h	2h 23m	$651K	$487K	50x
Short	Gate NOT_USDT	0.0004990	0.0100	get 0.0050% / 4h	2h 23m	$137K	$73K	50x

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

Position, each leg$Hold fordaysFee BitgetbpFee GatebpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → −0.033%: $7.35
Slippage, 4 orders: −$118.21
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$137.86
Costs to cover: 1.452%
Break-even: never at this rate

Slippage from Bitget: live order book, 22 min ago; Gate: live order book, 17 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 Bitget live order book, 22 min ago	8.94 bp	22.2 bp −$22	255.7 bp −$2,557	doesn't fit	doesn't fit
Sell Gate live order book, 17 min ago	9.00 bp	51.3 bp −$51	doesn't fit	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	−0.0152%	4h	0.0004969	−0.377%	$71K	$38K	—	as long as short
KuCoin NOTUSDTM	−0.0070%	4h	0.0004980	−0.160%	$475K	$136K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−2.285%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0004998	+0.209%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0004980	−0.160%	$335K	$68K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0004991	+0.056%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0004988	0.000%	$2.0M	$3.2M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0004982	−0.120%	$2.1M	$897K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0004985	−0.060%	$633K	$696K	20x	as long as short
Gate NOT_USDTshort	+0.0100%	4h	0.0004990	+0.040%	$137K	$73K	50x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0004988	0.000%	$1.3M	$450K	200x	as long as short
Bitget NOTUSDTlong	+0.0100%	4h	0.0004988	long leg	$651K	$487K	50x
BingX NOT-USDT	+0.0100%	4h	0.0004984	−0.080%	—	$8.5M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0004987	−0.026%	$4K	—	5x	as long as short
BloFin NOT-USDT	+0.0137%	4h	0.0004989	+0.020%	$109K	$18K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1697%	1h	0.0004990	+0.045%	$49K	$9K	10x	as long as short