Funding arb · Price arb /

CC

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Swap Backtest

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−0.112%7-day average −0.053% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$860.861% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 4 days (all we have)+0.195%+$20 · spread now −0.112%, 7d avg −0.053%

Together, before fees+0.184%+$18 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 0.060% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CCUSDT	0.1159	0.0100	pay 0.0050% / 4h	2h 19m	$932K	$791K	20x
Short	Binance CCUSDT	0.1157	0.0100	get 0.0050% / 4h	2h 19m	$11.0M	$10.9M	75x

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

Position, each leg$Hold fordaysFee BitgetbpFee BinancebpOrdersPrice spread, now −0.112%Rate

Funding earned: $0
Price spread: −0.112% → −0.053%: −$5.96
Slippage, 4 orders: −$64.1
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$92.06
Costs to cover: 0.861%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Binance: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 1 min ago	3.88 bp	21.8 bp −$22	104.7 bp −$1,047	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.86 bp	23.1 bp −$23	78.4 bp −$784	439.4 bp −$43.9K	doesn't fit

CC on 19 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective CC/USDC PERP	−0.3670%	1h	0.1152	−0.578%	$6K	$99	5.5x	as long as short
Gate CC_USDT	+0.0072%	4h	0.1158	−0.043%	$360K	$207K	50x	as long as short
Paradex CC-USD-PERP	+0.0097%	8h	0.1158	−0.037%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1160	+0.111%	$34K	$39K	20x	as long as short
Binance CCUSDTshort	+0.0100%	4h	0.1157	−0.112%	$11.0M	$10.9M	75x
Bybit CCUSDT	+0.0100%	4h	0.1158	−0.078%	$10.5M	$3.7M	25x	as long as short
OKX CC-USDT-SWAP	+0.0100%	4h	0.1159	−0.009%	$2.5M	$3.3M	20x	as long as short
MEXC CC_USDT	+0.0100%	4h	0.1157	−0.112%	$1.7M	$298K	100x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1160	+0.095%	$490K	$114K	50x	as long as short
Bitget CCUSDTlong	+0.0100%	4h	0.1159	long leg	$932K	$791K	20x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDT	+0.0100%	4h	0.1158	−0.095%	—	$6.6M	—	as long as short
Backpack CC_USDC_PERP	+0.0100%	1h	0.1158	−0.017%	$16K	$22K	10x	as long as short
Variational Omni CC	+0.0100%	4h	0.1161	+0.167%	$579K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1162	+0.277%	$86K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1157	−0.149%	$7K	$35K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1161	+0.216%	$586K	$104K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0440% / S −0.0239%	1h	0.1159	+0.038%	$43K	—	50x	as long as short
Hyperliquid CC	+0.0499%	1h	0.1160	+0.147%	$5.4M	$1.3M	3x	as long as short
Lighter CC	+0.1192%	1h	0.1163	+0.397%	$232K	$161K	5x	as long as short