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

AXL

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Bybit0.000%7-day average −0.081% · you sell dearer than you buy
Net, funding: paid 7d − costs−$116as in the Funding arb table
Net, price: spread back to 7d avg − costs−$130as in the Price arb table
costs, in and out, $10k−$1381.377% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.218%+$22 on $10k
Price spread, last 4 days (all we have)−0.021%−$2 · spread now 0.000%, 7d avg −0.081%
Together, before fees+0.197%+$20 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 0.081% dearer against Bybit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.081%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit AXLUSDT0.052050.0100pay 0.0050% / 4h33m 30s$1.4M$1.9M25x
ShortBitget AXLUSDT0.052050.0100get 0.0050% / 4h33m 30s$572K$294K50x

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

Funding earned
$0
Price spread: 0.000% → −0.081%
$8.1
Slippage, 4 orders
−$114.74
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$129.63
Costs to cover
1.377%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 41 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 Bybit live order book, 3 min ago4.80 bp36.1 bp −$36202.6 bp −$2,026doesn't fitdoesn't fit
Sell Bitget live order book, 41 min ago5.76 bp40.3 bp −$40221.2 bp −$2,212doesn't fitdoesn't fit

AXL on 9 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
BingX AXL-USDT+0.0070%4h0.05201−0.077%$2.3Mas long as short
BloFin AXL-USDT+0.0075%4h0.05204−0.019%$122K$11K50xas long as short
Aster AXLUSDT+0.0100%4h0.05204−0.013%$34K$6K5xas long as short
Binance AXLUSDT+0.0100%4h0.05204−0.028%$1.8M$4.1M50xas long as short
Bybit AXLUSDTlong+0.0100%4h0.05205long leg$1.4M$1.9M25x
MEXC AXL_USDT+0.0100%4h0.05204−0.019%$342K$162K50xas long as short
KuCoin AXLUSDTM+0.0100%4h0.05204−0.019%$436K$94K30xas long as short
Bitget AXLUSDTshort+0.0100%4h0.052050.000%$572K$294K50x
Variational Omni AXL+0.0100%4h0.05209+0.075%$6K$23Kas long as short