Settings8H · net · $10k
Funding arb · Price arb /

API3

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: OKX against Bitget+0.038%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$140as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1441.440% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.038%+$4 on $10k
Price spread, last 4 days (all we have)−0.244%−$24 · spread now +0.038%, 7d avg 0.000%
Together, before fees−0.206%−$21 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: OKX is 0.038% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of 0.000%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget API3USDT0.26120.0100pay 0.0050% / 4h1h 42m$655K$202K20x
ShortOKX API3-USDT-SWAP0.26130.0100get 0.0050% / 4h1h 42m$649K$506K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$0
Price spread: +0.038% → 0.000%
$3.78
Slippage, 4 orders
−$122
Fee Bitget: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$140.22
Costs to cover
1.440%
Break-even
never at this rate
Slippage from Bitget: live order book, 18 min ago; OKX: live order book, 19 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 18 min ago3.84 bp30.7 bp −$31218.8 bp −$2,188doesn't fitdoesn't fit
Sell OKX live order book, 19 min ago7.67 bp41.9 bp −$42doesn't fitdoesn't fitdoesn't fit

API3 on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster API3USDT+0.0100%4h0.2612+0.019%$2K$3K5xas long as short
Binance API3USDT+0.0100%4h0.2610−0.072%$2.6M$2.0M50xas long as short
Bybit API3USDT+0.0100%4h0.2614+0.077%$992K$394K25xas long as short
OKX API3-USDT-SWAPshort+0.0100%4h0.2613+0.038%$649K$506K10x
Gate API3_USDT+0.0100%8h0.26120.000%$126K$103K50xas long as short
MEXC API3_USDT+0.0100%4h0.26120.000%$482K$259K50xas long as short
KuCoin API3USDTM+0.0100%4h0.2610−0.077%$1.0M$271K30xas long as short
Bitget API3USDTlong+0.0100%4h0.2612long leg$655K$202K20x
BingX API3-USDT+0.0100%4h0.2611−0.038%$6.7Mas long as short
Variational Omni API3+0.0100%4h0.2606−0.247%$6K$1as long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin API3-USDT+0.0113%4h0.2610−0.077%$136K$28K50xas long as short
Kraken Futures PF_API3USD+0.0552%1h0.2614+0.064%$13K$2K10xas long as short