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

C98

all C98 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0003%/8h= +0.3% APRnext payment +$0.03 per $10,000 · paid last 24h 0.000%
Price spread now: BloFin against Bitget+0.370%105s7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$119as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1151.151% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.041%−$4 on $10k
Price spread, last 4 days (all we have)−0.569%−$57 · spread now +0.370%, 7d avg −0.036%
Together, before fees−0.610%−$61 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: BloFin is 0.406% dearer against Bitget than usual: you sell high and buy low, +$41 on $10k if it goes back to its 7-day average of −0.036%. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget C98USDT0.016220.0100pay 0.0100% / 8h2h 41m$190K$353K50x
ShortBloFin C98-USDT0.016280.0103get 0.0103% / 8h2h 41m$131K$18K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$0.56
Price spread: +0.370% → −0.036%
$40.6
Slippage, 4 orders
−$91.14
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$73.98
Costs to cover
1.151%
Break-even
933.3 days
Slippage from Bitget: live order book, 64 min ago; BloFin: live order book, 30 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, 64 min ago9.15 bp31.7 bp −$32286.8 bp −$2,868doesn't fitdoesn't fit
Sell BloFin live order book, 30 min ago6.11 bp21.3 bp −$2171.7 bp −$717doesn't fitdoesn't fit

C98 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
Kraken Futures PF_C98USD−0.0025%1h0.01621−0.040%$17K$2K10xas long as short
Binance C98USDT+0.0100%8h0.01623+0.070%$1.4M$2.1M50xas long as short
Bybit C98USDT+0.0100%8h0.01624+0.111%$862K$332K25xas long as short
Gate C98_USDT+0.0100%8h0.01630+0.493%$105K$47K25xas long as short
MEXC C98_USDT+0.0100%8h0.016220.000%$280K$105K100xas long as short
KuCoin C98USDTM+0.0100%8h0.01628+0.370%$198K$39K20xas long as short
Bitget C98USDTlong+0.0100%8h0.01622long leg$190K$353K50x
Variational Omni C98+0.0100%8h0.01630+0.506%$8K$202as long as short
BloFin C98-USDTshort+0.0103%8h0.01628+0.370%$131K$18K50x