Funding arb · Price arb /

EDGE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit+0.067%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$278as in the Funding arb table

Net, price: spread back to 7d avg − costs−$272as in the Price arb table

costs, in and out, $10k−$2792.794% of the position

Long on Bybit Short on Bitget

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−0.059%−$6 · spread now +0.067%, 7d avg −0.009%

Together, before fees−0.049%−$5 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 0.076% dearer against Bybit than usual: you sell high and buy low, +$8 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	Bybit EDGEUSDT	0.5953	0.0100	pay 0.0050% / 4h	1h 20m	$7.1M	$3.3M	25x
Short	Bitget EDGEUSDT	0.5957	0.0100	get 0.0050% / 4h	1h 20m	$4.7M	$1.1M	20x

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

Position, each leg$Hold fordaysFee BybitbpFee BitgetbpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → −0.009%: $7.58
Slippage, 4 orders: −$256.44
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$271.86
Costs to cover: 2.794%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 3 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 Bybit live order book, 3 min ago	4.19 bp	101.4 bp −$101	411.4 bp −$4,114	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.52 bp	28.9 bp −$29	279.0 bp −$2,790	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
Lighter EDGE	+0.0096%	1h	0.5956	+0.050%	$43K	$19K	3x	as long as short
Bybit EDGEUSDTlong	+0.0100%	4h	0.5953	long leg	$7.1M	$3.3M	25x
KuCoin EDGEUSDTM	+0.0100%	4h	0.5960	+0.118%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDTshort	+0.0100%	4h	0.5957	+0.067%	$4.7M	$1.1M	20x
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5968	+0.259%	$60K	$105K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5959	+0.107%	$190K	$135K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5970	+0.285%	$2K	$2.1M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5977	+0.403%	$9K	$306K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.6251	+5.006%	$4K	$621K	10x	as long as short
MEXC EDGE_USDT	+0.0486%	4h	0.5961	+0.134%	$1.2M	$901K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EDGEUSDT	+0.0487%	4h	0.5963	+0.161%	$10.2M	$10.3M	50x	as long as short
Extended EDGE-USD	+0.0488%	1h	0.5958	+0.084%	$27K	$194K	5x	as long as short
BloFin EDGE-USDT	+0.0512%	4h	0.5969	+0.269%	$655K	$102K	50x	as long as short
edgeX EDGEUSDC	+0.0523%	4h	0.5947	−0.105%	$14.2M	$3.6M	30x	as long as short
Aster EDGEUSDT	+0.0533%	4h	0.5963	+0.168%	$69K	$129K	5x	as long as short
OKX EDGE-USDT-SWAP	+0.0555%	4h	0.5968	+0.252%	$3.7M	$5.8M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0667%	4h	0.5967	+0.235%	$3K	—	10x	as long as short