Funding arb · Price arb /

RED

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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 −0.006%

Price spread now: Bybit against Gate+0.033%7-day average −0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$1,176as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,154as in the Price arb table

costs, in and out, $10k−$1,16011.601% of the position

Long on Gate Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.156%−$16 on $10k

Price spread, last 4 days (all we have)−0.208%−$21 · spread now +0.033%, 7d avg −0.029%

Together, before fees−0.364%−$36 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: Bybit is 0.061% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate RED_USDT	0.1537	0.0100	pay 0.0050% / 4h	50m 18s	$352K	$94K	25x
Short	Bybit REDUSDT	0.1537	0.0100	get 0.0050% / 4h	50m 18s	$2.0M	$1.8M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → −0.029%: $6.15
Slippage, 4 orders: −$1,134.06
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$1,153.91
Costs to cover: 11.601%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Bybit: live order book, 1 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, 5 min ago	6.49 bp	568.9 bp −$569	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	1.63 bp	92.5 bp −$92	doesn't fit	doesn't fit	doesn't fit

RED on 10 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
BloFin RED-USDT	+0.0089%	4h	0.1538	+0.059%	$222K	$5K	25x	as long as short
Aster REDUSDT	+0.0100%	4h	0.1538	+0.062%	$27K	$40K	5x	as long as short
Binance REDUSDT	+0.0100%	4h	0.1535	−0.118%	$2.3M	$4.0M	50x	as long as short
Bybit REDUSDTshort	+0.0100%	4h	0.1537	+0.033%	$2.0M	$1.8M	25x
Gate RED_USDTlong	+0.0100%	4h	0.1537	long leg	$352K	$94K	25x
Bitget REDUSDT	+0.0100%	4h	0.1538	+0.065%	$729K	$287K	20x	as long as short
Variational Omni RED	+0.0100%	4h	0.1538	+0.051%	$26K	$3K	—	as long as short
SunX RED-USDT	+0.0100%	4h	0.1574	+2.407%	$2K	$761K	20x	as long as short
Extended RED-USD	+0.0104%	1h	0.1536	−0.092%	$31	—	5x	as long as short
MEXC RED_USDT	+0.0486%	4h	0.1536	−0.065%	$490K	$164K	20x	as long as short