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

AT

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0052%/8h= +5.7% APRnext payment +$0.26 per $10,000 · paid last 24h −0.008%
Price spread now: Bitget against BloFin+0.064%95s7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1771.769% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.003%$0 on $10k
Price spread, last 4 days (all we have)−0.221%−$22 · spread now +0.064%, 7d avg +0.006%
Together, before fees−0.217%−$22 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Bitget is 0.058% dearer against BloFin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.006%. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin AT-USDT0.15590.0048pay 0.0024% / 4h1h 31m$368K$7K50x
ShortBitget ATUSDT0.15600.0100get 0.0050% / 4h1h 31m$660K$167K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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
$10.96
Price spread: +0.064% → +0.006%
$5.78
Slippage, 4 orders
−$152.95
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$160.21
Costs to cover
1.769%
Break-even
109.3 days
Slippage from BloFin: live order book, 12 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
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 12 min ago3.20 bp30.8 bp −$31140.8 bp −$1,408doesn't fitdoesn't fit
Sell Bitget live order book, 12 min ago9.60 bp53.2 bp −$53315.2 bp −$3,152doesn't fitdoesn't fit

AT on 10 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin AT-USDTlong+0.0048%4h0.1559long leg$368K$7K50x
Aster ATUSDT+0.0100%4h0.1559−0.004%$31K$13K5xas long as short
Binance ATUSDT+0.0100%4h0.1559−0.008%$8.5M$3.7M50xas long as short
OKX AT-USDT-SWAP+0.0100%4h0.1562+0.192%$211K$528K20xas long as short
Gate AT_USDT+0.0100%4h0.1558−0.045%$154K$175K20xas long as short
MEXC AT_USDT+0.0100%4h0.1558−0.064%$231K$161K50xas long as short
KuCoin ATUSDTM+0.0100%4h0.1557−0.128%$253K$133K50xas long as short
Bitget ATUSDTshort+0.0100%4h0.1560+0.064%$660K$167K50x
BingX AT-USDT+0.0862%4h0.15590.000%$6.5Mas long as short
Bybit ATUSDT+0.0869%4h0.1562+0.218%$583K$1.1M25xas long as short