Funding arb · Price arb /

API3

all API3 markets

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 Binance+0.116%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1181.176% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 4 days (all we have)−0.040%−$4 · spread now +0.116%, 7d avg −0.007%

Together, before fees−0.035%−$4 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 0.122% dearer against Binance than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance API3USDT	0.2597	0.0100	pay 0.0050% / 4h	2h 32m	$2.6M	$2.0M	50x
Short	Bitget API3USDT	0.2600	0.0100	get 0.0050% / 4h	2h 32m	$644K	$190K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.116%Rate

Funding earned: $0
Price spread: +0.116% → −0.007%: $12.21
Slippage, 4 orders: −$95.61
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$105.4
Costs to cover: 1.176%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Bitget: live order book, 12 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 Binance live order book, 2 min ago	1.92 bp	27.8 bp −$28	198.1 bp −$1,981	doesn't fit	doesn't fit
Sell Bitget live order book, 12 min ago	5.76 bp	26.0 bp −$26	157.4 bp −$1,574	doesn't fit	doesn't fit

API3 on 12 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 API3USDT	+0.0100%	4h	0.2599	+0.093%	$2K	$4K	5x	as long as short
Binance API3USDTlong	+0.0100%	4h	0.2597	long leg	$2.6M	$2.0M	50x
Bybit API3USDT	+0.0100%	4h	0.2598	+0.039%	$977K	$392K	25x	as long as short
OKX API3-USDT-SWAP	+0.0100%	4h	0.2596	−0.039%	$646K	$507K	10x	as long as short
Gate API3_USDT	+0.0100%	8h	0.2599	+0.077%	$119K	$118K	50x	as long as short
MEXC API3_USDT	+0.0100%	4h	0.2597	0.000%	$454K	$287K	50x	as long as short
KuCoin API3USDTM	+0.0100%	4h	0.2599	+0.077%	$996K	$244K	30x	as long as short
Bitget API3USDTshort	+0.0100%	4h	0.2600	+0.116%	$644K	$190K	20x
BingX API3-USDT	+0.0100%	4h	0.2597	0.000%	—	$6.7M	—	as long as short
Variational Omni API3	+0.0100%	4h	0.2605	+0.293%	$6K	$1	—	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin API3-USDT	+0.0131%	4h	0.2597	0.000%	$133K	$22K	50x	as long as short
Kraken Futures PF_API3USD	+0.2700%	1h	0.2609	+0.462%	$13K	$3K	10x	as long as short