Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit−0.078%7-day average −0.128% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,453as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,448as in the Price arb table

costs, in and out, $10k−$1,45314.534% of the position

Long on Bybit 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)+0.017%+$2 · spread now −0.078%, 7d avg −0.128%

Together, before fees+0.017%+$2 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 0.051% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.128%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit AIOUSDT	0.03863	0.0100	pay 0.0050% / 4h	35m 07s	$571K	$68K	5x
Short	Bitget AIOUSDT	0.03860	0.0100	get 0.0050% / 4h	35m 07s	$1.2M	$397K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now −0.078%Rate

Funding earned: $0
Price spread: −0.078% → −0.128%: $5.07
Slippage, 4 orders: −$1,430.42
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$1,448.35
Costs to cover: 14.534%
Break-even: never at this rate

Slippage from Bybit: live order book, 35 min ago; Bitget: 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 Bybit live order book, 35 min ago	5.20 bp	630.4 bp −$630	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	3.89 bp	44.1 bp −$44	268.0 bp −$2,680	doesn't fit	doesn't fit

AIO on 8 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
Binance AIOUSDT	+0.0100%	4h	0.03871	+0.214%	$3.1M	$2.1M	50x	as long as short
Bybit AIOUSDTlong	+0.0100%	4h	0.03863	long leg	$571K	$68K	5x
MEXC AIO_USDT	+0.0100%	4h	0.03869	+0.155%	$227K	$121K	50x	as long as short
KuCoin AIOUSDTM	+0.0100%	4h	0.03862	−0.026%	$790K	$58K	30x	as long as short
Bitget AIOUSDTshort	+0.0100%	4h	0.03860	−0.078%	$1.2M	$397K	50x
BingX AIO-USDT	+0.0100%	4h	0.03869	+0.155%	—	$6.6M	—	as long as short
Aster AIOUSDT	+0.0170%	4h	0.03866	+0.084%	$21K	$19K	5x	as long as short
Gate AIO_USDT	+0.0636%	4h	0.03860	−0.078%	$450K	$151K	20x	as long as short