Funding arb · Price arb /

COST

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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+0.016%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$360as in the Funding arb table

Net, price: spread back to 7d avg − costs−$358as in the Price arb table

costs, in and out, $10k−$3603.599% of the position

Long on Bitget Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.008%+$1 · spread now +0.016%, 7d avg −0.005%

Together, before fees+0.008%+$1 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 0.020% dearer against Bitget than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COSTUSDT	898.74	0	get 0.0000% / 8h	5h 55m	$403K	$110K	25x
Short	Gate COST_USDT	898.88	0	get 0.0000% / 8h	5h 55m	$520K	$8K	25x

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 +0.016%Rate

Funding earned: $0
Price spread: +0.016% → −0.005%: $2.02
Slippage, 4 orders: −$332.85
Fee Bitget: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$357.84
Costs to cover: 3.599%
Break-even: never at this rate

Slippage from Bitget: live order book, 65 min ago; Gate: live order book, 6 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, 65 min ago	5.90 bp	13.8 bp −$14	29.3 bp −$293	doesn't fit	doesn't fit
Sell Gate live order book, 6 min ago	7.68 bp	16.0 bp −$16	doesn't fit	doesn't fit	doesn't fit

COST on 15 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
Aster COSTUSDT	0.0000%	8h	898.72	−0.002%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	898.40	−0.038%	$491K	$218K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.38	+0.071%	$444K	$107K	10x	as long as short
Gate COST_USDTshort	0.0000%	8h	898.88	+0.016%	$520K	$8K	25x
Bitget COSTUSDTlong	0.0000%	8h	898.74	long leg	$403K	$110K	25x
SunX COST-USDT	0.0000%	8h	897.90	−0.093%	$1K	$3.0M	10x	as long as short
HTX COST-USDT	0.0000%	8h	898.95	+0.023%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0005%	1h	898.55	−0.021%	$1.1M	$2.9M	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.752%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.055%	—	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest COST-USD-PERP	+0.0046%	1h	898.62	−0.013%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.52	−0.024%	$1.8M	$515K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	897.70	−0.116%	$46K	$870K	20x	as long as short
Variational Omni COST	+0.0113%	8h	898.49	−0.028%	$42K	$17K	—	as long as short
Binance COSTUSDT	+0.0234%	8h	898.65	−0.010%	$1.1M	$927K	20x	as long as short