Funding arb · Price arb /

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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−0.051%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$302as in the Funding arb table

Net, price: spread back to 7d avg − costs−$307as in the Price arb table

costs, in and out, $10k−$3013.014% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.021%−$2 · spread now −0.051%, 7d avg +0.009%

Together, before fees−0.031%−$3 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 0.060% 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 +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EDGEUSDT	0.5878	0.0100	pay 0.0050% / 4h	2h 19m	$4.7M	$990K	20x
Short	Bybit EDGEUSDT	0.5875	0.0100	get 0.0050% / 4h	2h 19m	$7.0M	$3.2M	25x

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 −0.051%Rate

Funding earned: $0
Price spread: −0.051% → +0.009%: −$5.99
Slippage, 4 orders: −$278.36
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$307.34
Costs to cover: 3.014%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 4 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	8.51 bp	35.1 bp −$35	522.1 bp −$5,221	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	5.97 bp	113.1 bp −$113	329.5 bp −$3,295	doesn't fit	doesn't fit

EDGE on 17 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
Backpack EDGE_USDC_PERP	−0.0220%	1h	0.5889	+0.189%	$59K	$100K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5862	−0.271%	$54K	$9K	3x	as long as short
Bybit EDGEUSDTshort	+0.0100%	4h	0.5875	−0.051%	$7.0M	$3.2M	25x
Bitget EDGEUSDTlong	+0.0100%	4h	0.5878	long leg	$4.7M	$990K	20x
Variational Omni EDGE	+0.0100%	4h	0.5876	−0.040%	$191K	$130K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5878	−0.005%	$2K	$1.7M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5894	+0.272%	$8K	$295K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5843	−0.595%	$3K	$604K	10x	as long as short
KuCoin EDGEUSDTM	+0.0140%	4h	0.5878	0.000%	$2.1M	$2.3M	50x	as long as short
edgeX EDGEUSDC	+0.0356%	4h	0.5880	+0.040%	$14.1M	$3.4M	30x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC EDGE_USDT	+0.0390%	4h	0.5879	+0.017%	$1.2M	$929K	50x	as long as short
Aster EDGEUSDT	+0.0390%	4h	0.5871	−0.113%	$67K	$134K	5x	as long as short
Binance EDGEUSDT	+0.0391%	4h	0.5880	+0.031%	$10.0M	$10.0M	50x	as long as short
Extended EDGE-USD	+0.0392%	1h	0.5875	−0.052%	$27K	$230K	5x	as long as short
BloFin EDGE-USDT	+0.0397%	4h	0.5883	+0.085%	$631K	$126K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0403%	4h	0.5893	+0.255%	$3.6M	$5.8M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0450%	4h	0.5887	+0.153%	$3K	—	10x	as long as short