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: OKX against Bitget+0.026%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$960.957% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.026%, 7d avg −0.019%

Together, before fees+0.022%+$2 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: OKX is 0.045% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CCUSDT	0.1176	0.0100	pay 0.0050% / 4h	34m 56s	$938K	$787K	20x
Short	OKX CC-USDT-SWAP	0.1176	0.0100	get 0.0050% / 4h	34m 56s	$2.5M	$3.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.026%Rate

Funding earned: $0
Price spread: +0.026% → −0.019%: $4.48
Slippage, 4 orders: −$73.68
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$91.21
Costs to cover: 0.957%
Break-even: never at this rate

Slippage from Bitget: live order book, 41 min ago; OKX: live order book, 2 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, 41 min ago	3.44 bp	14.7 bp −$15	89.4 bp −$894	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.43 bp	20.2 bp −$20	doesn't fit	doesn't fit	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	−0.3320%	1h	0.1156	−1.676%	$6K	$97	5.5x	as long as short
Paradex CC-USD-PERP	+0.0097%	8h	0.1175	−0.046%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1178	+0.175%	$35K	$38K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1175	−0.060%	$11.1M	$11.1M	75x	as long as short
Bybit CCUSDT	+0.0100%	4h	0.1175	−0.051%	$10.6M	$3.8M	25x	as long as short
OKX CC-USDT-SWAPshort	+0.0100%	4h	0.1176	+0.026%	$2.5M	$3.5M	20x
Gate CC_USDT	+0.0100%	4h	0.1175	−0.085%	$363K	$214K	50x	as long as short
MEXC CC_USDT	+0.0100%	4h	0.1175	−0.026%	$1.6M	$314K	100x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1177	+0.153%	$499K	$115K	50x	as long as short
Bitget CCUSDTlong	+0.0100%	4h	0.1176	long leg	$938K	$787K	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	0.1176	−0.017%	—	$6.6M	—	as long as short
Variational Omni CC	+0.0100%	4h	0.1175	−0.020%	$587K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1179	+0.264%	$82K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1176	+0.001%	$6K	$36K	6.7x	as long as short
Backpack CC_USDC_PERP	+0.0277%	1h	0.1176	+0.043%	$15K	$22K	10x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1175	−0.043%	$588K	$107K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0446% / S −0.0241%	1h	0.1177	+0.123%	$44K	—	50x	as long as short
Hyperliquid CC	+0.0690%	1h	0.1178	+0.230%	$5.5M	$1.4M	3x	as long as short
Lighter CC	+0.1288%	1h	0.1181	+0.434%	$236K	$153K	5x	as long as short