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

C98

all C98 markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Bybit−0.061%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$289as in the Funding arb table
Net, price: spread back to 7d avg − costs−$294as in the Price arb table
costs, in and out, $10k−$2892.894% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.213%+$21 · spread now −0.061%, 7d avg −0.012%
Together, before fees+0.213%+$21 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 0.048% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit C98USDT0.016430.0100pay 0.0100% / 8h6h 21m$869K$246K25x
ShortBitget C98USDT0.016420.0100get 0.0100% / 8h6h 21m$189K$329K50x

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: −0.061% → −0.012%
−$4.84
Slippage, 4 orders
−$266.43
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$294.27
Costs to cover
2.894%
Break-even
never at this rate
Slippage from Bybit: live order book, 26 min ago; Bitget: live order book, 25 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, 26 min ago12.22 bp109.1 bp −$1092121.7 bp −$21.2Kdoesn't fitdoesn't fit
Sell Bitget live order book, 25 min ago9.17 bp35.5 bp −$35155.4 bp −$1,554doesn't fitdoesn't fit

C98 on 9 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance C98USDT+0.0100%8h0.01644+0.070%$1.4M$1.9M50xas long as short
Bybit C98USDTlong+0.0100%8h0.01643long leg$869K$246K25x
Gate C98_USDT+0.0100%8h0.016430.000%$106K$47K25xas long as short
MEXC C98_USDT+0.0100%8h0.01644+0.061%$276K$104K100xas long as short
KuCoin C98USDTM+0.0100%8h0.016430.000%$199K$36K20xas long as short
Bitget C98USDTshort+0.0100%8h0.01642−0.061%$189K$329K50x
Variational Omni C98+0.0100%8h0.01644+0.040%$8K$1as long as short
BloFin C98-USDT+0.0102%8h0.016430.000%$133K$9K50xas long as short
Kraken Futures PF_C98USD+0.2842%1h0.01647+0.252%$16K$4K10xas long as short