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: Bybit against Gate+0.010%7-day average −0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$680.681% of the position

Long on Gate Short on Bybit

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)−0.055%−$5 · spread now +0.010%, 7d avg −0.025%

Together, before fees−0.055%−$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: Bybit is 0.035% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate COST_USDT	902.77	0	get 0.0000% / 8h	37m 43s	$523K	$8K	25x
Short	Bybit COSTUSDT	902.86	0	get 0.0000% / 8h	37m 43s	$491K	$91K	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 +0.010%Rate

Funding earned: $0
Price spread: +0.010% → −0.025%: $3.53
Slippage, 4 orders: −$42.11
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$64.58
Costs to cover: 0.681%
Break-even: never at this rate

Slippage from Gate: live order book, 63 min ago; Bybit: live order book, 57 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, 63 min ago	7.31 bp	19.3 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 57 min ago	8.03 bp	15.7 bp −$16	166.4 bp −$1,664	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	902.83	+0.007%	$45K	$133	20x	as long as short
Binance COSTUSDT	0.0000%	8h	902.98	+0.024%	$1.1M	$1.0M	20x	as long as short
Bybit COSTUSDTshort	0.0000%	8h	902.86	+0.010%	$491K	$91K	25x
OKX COST-USDT-SWAP	0.0000%	8h	903.08	+0.034%	$443K	$122K	10x	as long as short
Gate COST_USDTlong	0.0000%	8h	902.77	long leg	$523K	$8K	25x
Bitget COSTUSDT	0.0000%	8h	902.74	−0.003%	$401K	$82K	25x	as long as short
Variational Omni COST	0.0000%	8h	902.84	+0.008%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	902.40	−0.041%	$1K	$2.8M	10x	as long as short
HTX COST-USDT	0.0000%	8h	904.28	+0.167%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0004%	1h	902.80	+0.003%	$1.1M	$2.4M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.195%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.501%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	902.08	−0.076%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	902.62	−0.017%	$1.8M	$509K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	902.30	−0.052%	$48K	$908K	20x	as long as short