Funding arb · Price arb /

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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 Bybit−0.111%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$120as in the Funding arb table

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$1341.337% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.134%+$13 on $10k

Price spread, last 7 days+0.092%+$9 · spread now −0.111%, 7d avg +0.024%

Together, before fees+0.226%+$23 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 0.134% cheaper against Bybit than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARUSDT	4.5200	0.0100	pay 0.0100% / 8h	4h 55m	$4.6M	$8.2M	75x
Short	Bitget ARUSDT	4.5150	0.0100	get 0.0100% / 8h	4h 55m	$4.0M	$5.1M	75x

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 −0.111%Rate

Funding earned: $0
Price spread: −0.111% → +0.024%: −$13.42
Slippage, 4 orders: −$110.75
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$147.17
Costs to cover: 1.337%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 3 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, 3 min ago	1.11 bp	47.7 bp −$48	160.1 bp −$1,601	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	4.43 bp	25.1 bp −$25	109.7 bp −$1,097	doesn't fit	doesn't fit

AR on 17 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
ApeX Omni ARUSDT	−0.0384%	1h	4.5190	−0.022%	$20K	$721K	50x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.5173	−0.060%	$581K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0024%	8h	4.5190	−0.022%	$2.3M	$18.3M	20x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5229	+0.064%	$4.1M	$4.5M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5095	−0.232%	$27K	$483K	10x	as long as short
Binance ARUSDT	+0.0100%	8h	4.5190	−0.022%	$8.9M	$50.4M	75x	as long as short
Bybit ARUSDTlong	+0.0100%	8h	4.5200	long leg	$4.6M	$8.2M	75x
Gate AR_USDT	+0.0100%	8h	4.5170	−0.066%	$2.5M	$1.9M	50x	as long as short
MEXC AR_USDT	+0.0100%	8h	4.5160	−0.088%	$6.4M	$4.2M	100x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5190	−0.022%	$1.2M	$1.2M	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ARUSDTshort	+0.0100%	8h	4.5150	−0.111%	$4.0M	$5.1M	75x
BingX AR-USDT	+0.0100%	8h	4.5160	−0.088%	—	$2.8M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5248	+0.105%	$234K	$242K	—	as long as short
Extended AR-USD	+0.0104%	1h	4.5160	−0.089%	$37K	$235K	10x	as long as short
BloFin AR-USDT	+0.0220%	8h	4.5180	−0.044%	$432K	$490K	20x	as long as short
Kraken Futures PF_ARUSD	+0.0688%	1h	4.5136	−0.143%	$61K	$160K	20x	as long as short
Injective AR/USDC PERP	+0.0854%	1h	4.5290	+0.199%	$548	$3K	5.5x	as long as short