Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0099%/8h= +10.9% APRpaid last 24h +0.030%

Price spread now: Gate against gTrade (Gains Network)−0.096%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Gate is 0.096% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.096% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 3.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) S/USD	0.04123	L +0.0001% / S +0.0006%	pay 0.0000% / 1h	11m 28s	$2K	—	150x
Short	Gate S_USDT	0.04119	0.0100	get 0.0050% / 4h	1h 11m	$338K	$201K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee GatebpOrdersPrice spread, now −0.096%Rate

Funding earned: $20.88
Price spread: −0.096% → 0.000%: −$9.6
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$13.72
Costs to cover: 0.250%
Break-even: 11.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Gate: live order book, 49 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Gate live order book, 49 min ago	8.67 bp	75.6 bp −$76	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

S on 25 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
01 Exchange SUSD	−1.1704%	1h	0.03970	−3.710%	$25K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1673%	1h	0.04106	−0.407%	$34K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1456%	1h	0.04022	−2.449%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04123	−0.001%	$1K	—	100x	as long as short
Variational Omni S	−0.0114%	4h	0.04135	+0.297%	$641K	$31K	—	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04126	+0.074%	$4	—	15x	as long as short
gTrade (Gains Network) S/USDlong	L +0.0001% / S +0.0006%	1h	0.04123	long leg	$2K	—	150x
Injective S/USDC PERP	+0.0033%	1h	0.04100	−0.557%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0069%	4h	0.04123	+0.001%	$102K	$328K	10x	as long as short
Lighter S	+0.0096%	1h	0.04119	−0.096%	$172K	$157K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04125	+0.040%	$1.0M	$558K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04114	−0.226%	$45K	$133K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04122	−0.026%	$5.7M	$13.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04119	−0.096%	$5.9M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04123	+0.001%	$1.1M	$4.0M	20x	as long as short
Gate S_USDTshort	+0.0100%	4h	0.04119	−0.096%	$338K	$201K	50x
MEXC S_USDT	+0.0100%	4h	0.04119	−0.096%	$4.0M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04119	−0.096%	$1.9M	$2.7M	50x	as long as short
Bitget SUSDT	+0.0100%	4h	0.04122	−0.023%	$1.2M	$2.1M	50x	as long as short
BingX S-USDT	+0.0100%	4h	0.04123	+0.001%	—	$6.7M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04120	−0.072%	$25K	$451K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04114	−0.219%	$231K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04132	+0.219%	$284K	$105K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0723%	1h	0.04113	−0.242%	$69K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1587%	1h	0.04110	−0.314%	$121K	$373K	5x	as long as short