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

ATH

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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 +0.003%
Price spread now: Bitget against OKX0.000%7-day average +0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1261.264% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.025%+$2 on $10k
Price spread, last 4 days (all we have)+0.245%+$24 · spread now 0.000%, 7d avg +0.098%
Together, before fees+0.270%+$27 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 0.098% cheaper against OKX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.098%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ATH-USDT-SWAP0.0056030.0100pay 0.0050% / 4h3h 19m$717K$1.2M20x
ShortBitget ATHUSDT0.0056030.0100get 0.0050% / 4h3h 19m$1.6M$862K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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: 0.000% → +0.098%
−$9.83
Slippage, 4 orders
−$104.41
Fee OKX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$136.23
Costs to cover
1.264%
Break-even
never at this rate
Slippage from OKX: live order book, 2 min ago; Bitget: live order book, 2 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 OKX live order book, 2 min ago6.31 bp37.9 bp −$38doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago6.30 bp27.5 bp −$28113.2 bp −$1,132doesn't fitdoesn't fit

ATH on 13 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
Kraken Futures PF_ATHUSD−0.2800%1h0.005554−0.882%$19K$106K10xas long as short
Variational Omni ATH−0.0004%4h0.005550−0.944%$186K$93Kas long as short
dYdX ATH-USD0.0000%1h0.005599−0.074%$11K$575xas long as short
BloFin ATH-USDT+0.0075%4h0.005568−0.625%$170K$70K75xas long as short
Aster ATHUSDT+0.0100%4h0.005607+0.067%$5K$39K5xas long as short
Binance ATHUSDT+0.0100%4h0.005611+0.144%$3.4M$3.9M50xas long as short
Bybit ATHUSDT+0.0100%4h0.005602−0.018%$4.5M$2.4M25xas long as short
OKX ATH-USDT-SWAPlong+0.0100%4h0.005603long leg$717K$1.2M20x
Gate ATH_USDT+0.0100%4h0.005602−0.018%$801K$520K30xas long as short
MEXC ATH_USDT+0.0100%4h0.005606+0.054%$9.0M$584K50xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ATHUSDTM+0.0100%4h0.005595−0.143%$562K$76K30xas long as short
Bitget ATHUSDTshort+0.0100%4h0.0056030.000%$1.6M$862K25x
BingX ATH-USDT+0.0100%4h0.005608+0.089%$21.4Mas long as short