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

BIRB

all BIRB markets
SwapBacktest
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: Binance against Bitget+0.149%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$120as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1231.234% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.033%+$3 on $10k
Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.149%, 7d avg +0.030%
Together, before fees−0.086%−$9 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: Binance is 0.119% dearer against Bitget than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BIRBUSDT0.069280.0100pay 0.0050% / 4h58m 52s$430K$203K20x
ShortBinance BIRBUSDT0.069380.0100get 0.0050% / 4h58m 52s$1.2M$1.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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: +0.149% → +0.030%
$11.94
Slippage, 4 orders
−$101.35
Fee Bitget: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$111.42
Costs to cover
1.234%
Break-even
never at this rate
Slippage from Bitget: live order book, 12 min ago; Binance: live order book, 5 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, 12 min ago5.06 bp43.3 bp −$43344.3 bp −$3,443doesn't fitdoesn't fit
Sell Binance live order book, 5 min ago1.44 bp29.6 bp −$30137.8 bp −$1,378doesn't fitdoesn't fit

BIRB 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
Aster BIRBUSDT+0.0100%4h0.06927−0.014%$16K$17K5xas long as short
Binance BIRBUSDTshort+0.0100%4h0.06938+0.149%$1.2M$1.6M50x
Gate BIRB_USDT+0.0100%4h0.06927−0.014%$61K$56K20xas long as short
MEXC BIRB_USDT+0.0100%4h0.06937+0.130%$143K$99K50xas long as short
KuCoin BIRBUSDTM+0.0100%4h0.06938+0.144%$81K$40K20xas long as short
Bitget BIRBUSDTlong+0.0100%4h0.06928long leg$430K$203K20x
BingX BIRB-USDT+0.3842%4h0.06922−0.087%$737Kas long as short
BloFin BIRB-USDT+0.3974%4h0.06890−0.548%$83K$5K25xas long as short
Bybit BIRBUSDT+0.3984%4h0.06895−0.476%$638K$424K25xas long as short