Funding arb · Price arb /

CROSS

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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: Bybit against Bitget+0.203%7-day average +0.102% · you sell dearer than you buy

Net, funding: paid 7d − costs−$410as in the Funding arb table

Net, price: spread back to 7d avg − costs−$392as in the Price arb table

costs, in and out, $10k−$4024.019% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.086%−$9 on $10k

Price spread, last 7 days−0.163%−$16 · spread now +0.203%, 7d avg +0.102%

Together, before fees−0.249%−$25 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: Bybit is 0.101% dearer against Bitget than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.102%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CROSSUSDT	0.1481	0.0100	pay 0.0050% / 4h	37m 38s	$1.2M	$208K	20x
Short	Bybit CROSSUSDT	0.1484	0.0100	get 0.0050% / 4h	37m 38s	$676K	$681K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.203%Rate

Funding earned: $0
Price spread: +0.203% → +0.102%: $10.07
Slippage, 4 orders: −$378.92
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$391.85
Costs to cover: 4.019%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 37 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, 4 min ago	4.73 bp	54.0 bp −$54	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 37 min ago	1.69 bp	152.9 bp −$153	doesn't fit	doesn't fit	doesn't fit

CROSS on 8 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
Binance CROSSUSDT	+0.0100%	4h	0.1485	+0.269%	$1.5M	$3.1M	40x	as long as short
Bybit CROSSUSDTshort	+0.0100%	4h	0.1484	+0.203%	$676K	$681K	20x
Gate CROSS_USDT	+0.0100%	4h	0.1484	+0.216%	$184K	$48K	20x	as long as short
MEXC CROSS_USDT	+0.0100%	4h	0.1485	+0.263%	$320K	$158K	100x	as long as short
KuCoin CROSSUSDTM	+0.0100%	4h	0.1482	+0.061%	$271K	$30K	20x	as long as short
Bitget CROSSUSDTlong	+0.0100%	4h	0.1481	long leg	$1.2M	$208K	20x
BingX CROSS-USDT	+0.0100%	4h	0.1485	+0.263%	—	$1.3M	—	as long as short
Variational Omni CROSS	+0.0100%	4h	0.1484	+0.197%	$682	$2K	—	as long as short