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: Bitget against Gate−0.076%7-day average +0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$1111.113% of the position

Long on Gate Short on Bitget

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)+0.052%+$5 · spread now −0.076%, 7d avg +0.005%

Together, before fees+0.052%+$5 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: Bitget is 0.080% cheaper against Gate than usual: you would sell low and buy high, −$8 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	Gate COST_USDT	899.04	0	get 0.0000% / 8h	6h 42m	$523K	$7K	25x
Short	Bitget COSTUSDT	898.36	0	get 0.0000% / 8h	6h 42m	$403K	$111K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.076%Rate

Funding earned: $0
Price spread: −0.076% → +0.005%: −$8.02
Slippage, 4 orders: −$84.31
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$119.33
Costs to cover: 1.113%
Break-even: never at this rate

Slippage from Gate: live order book, 24 min ago; Bitget: live order book, 18 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, 24 min ago	7.07 bp	17.4 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 18 min ago	5.90 bp	12.5 bp −$13	30.8 bp −$308	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	898.53	−0.057%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	899.04	0.000%	$491K	$218K	25x	as long as short
Gate COST_USDTlong	0.0000%	8h	899.04	long leg	$523K	$7K	25x
Bitget COSTUSDTshort	0.0000%	8h	898.36	−0.076%	$403K	$111K	25x
SunX COST-USDT	0.0000%	8h	898.10	−0.105%	$2K	$3.0M	10x	as long as short
HTX COST-USDT	0.0000%	8h	900.25	+0.135%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0009%	1h	898.87	−0.019%	$1.1M	$3.0M	10x	as long as short
OKX COST-USDT-SWAP	+0.0031%	8h	898.51	−0.059%	$444K	$121K	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.785%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.088%	—	—	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	898.96	−0.009%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.75	−0.032%	$1.8M	$525K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	898.30	−0.082%	$47K	$864K	20x	as long as short
Variational Omni COST	+0.0235%	8h	898.80	−0.027%	$42K	$17K	—	as long as short
Binance COSTUSDT	+0.0374%	8h	898.99	−0.005%	$1.1M	$940K	20x	as long as short