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

BSB

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0238%/8h= −26.1% APRnext payment $1.19 per $10,000 · paid last 24h −0.089%
Price spread now: Bybit against Gate−0.179%7-day average −0.138% · you buy dearer than you sell
Net, funding: paid 7d − costs−$921as in the Funding arb table
Net, price: spread back to 7d avg − costs−$897as in the Price arb table
costs, in and out, $10k−$8938.930% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.283%−$28 on $10k
Price spread, last 4 days (all we have)−0.115%−$12 · spread now −0.179%, 7d avg −0.138%
Together, before fees−0.398%−$40 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bybit is 0.041% cheaper against Gate than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.138%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate BSB_USDT0.10610.0338pay 0.0169% / 4h1h 20m$637K$130K20x
ShortBybit BSBUSDT0.10600.0100get 0.0050% / 4h1h 20m$2.9M$787K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit against Gate. 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
−$49.98
Price spread: −0.179% → −0.138%
−$4.13
Slippage, 4 orders
−$867.04
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$947.15
Costs to cover
8.930%
Break-even
never at this rate
Slippage from Gate: live order book, 41 min ago; Bybit: 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 Gate live order book, 41 min ago10.81 bp285.1 bp −$285doesn't fitdoesn't fitdoesn't fit
Sell Bybit live order book, 2 min ago5.67 bp148.0 bp −$1481004.7 bp −$10.0Kdoesn't fitdoesn't fit

BSB 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
Bybit BSBUSDTshort+0.0100%4h0.1060−0.179%$2.9M$787K25x
OKX BSB-USDT-SWAP+0.0100%4h0.1060−0.170%$1.2M$1.9M10xas long as short
KuCoin BSBUSDTM+0.0100%4h0.1060−0.151%$503K$128K10xas long as short
Bitget BSBUSDT+0.0100%4h0.1060−0.132%$3.4M$836K10xas long as short
Variational Omni BSB+0.0100%4h0.1060−0.103%$2K$2Kas long as short
SunX BSB-USDT+0.0100%4h0.1061−0.028%$2K$920K10xas long as short
BloFin BSB-USDT+0.0212%4h0.1060−0.132%$274K$42K10xas long as short
Extended BSB-USD+0.0224%1h0.1061−0.077%$4K$178K5xas long as short
MEXC BSB_USDT+0.0226%4h0.1061−0.057%$1.1M$170K50xas long as short
Binance BSBUSDT+0.0227%4h0.1061−0.047%$6.1M$3.4M10xas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX BSB-USDT+0.0236%4h0.1060−0.122%$1.7Mas long as short
Aster BSBUSDT+0.0324%4h0.1061−0.075%$29K$17K5xas long as short
Gate BSB_USDTlong+0.0338%4h0.1061long leg$637K$130K20x