Settings8H · net · $10k
Funding arb · Price arb /

ESP

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SwapBacktest
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 OKX−0.042%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$99as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1171.170% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.175%+$17 on $10k
Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.042%, 7d avg +0.003%
Together, before fees+0.307%+$31 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 0.045% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX ESP-USDT-SWAP0.093560.0100pay 0.0050% / 4h2h 33m$596K$1.2M20x
ShortBitget ESPUSDT0.093520.0100get 0.0050% / 4h2h 33m$939K$159K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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

Funding earned
$0
Price spread: −0.042% → +0.003%
−$4.49
Slippage, 4 orders
−$94.98
Fee OKX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$121.47
Costs to cover
1.170%
Break-even
never at this rate
Slippage from OKX: live order book, 3 min ago; Bitget: live order book, 32 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago1.61 bp27.4 bp −$27580.9 bp −$5,809doesn't fitdoesn't fit
Sell Bitget live order book, 32 min ago17.05 bp31.4 bp −$3189.0 bp −$890doesn't fitdoesn't fit

ESP on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ESP-USDT+0.0036%4h0.09339−0.182%$1.7Mas long as short
Aster ESPUSDT+0.0100%4h0.09350−0.067%$6K$25K5xas long as short
Binance ESPUSDT+0.0100%4h0.09347−0.100%$2.4M$4.3M25xas long as short
OKX ESP-USDT-SWAPlong+0.0100%4h0.09356long leg$596K$1.2M20x
Gate ESP_USDT+0.0100%8h0.09349−0.075%$174K$609K50xas long as short
MEXC ESP_USDT+0.0100%4h0.09349−0.075%$1.2M$117K20xas long as short
KuCoin ESPUSDTM+0.0100%4h0.09350−0.064%$1.5M$50K25xas long as short
Bitget ESPUSDTshort+0.0100%4h0.09352−0.042%$939K$159K20x
edgeX ESPUSDC+0.0118%4h0.09339−0.177%$29K$268K10xas long as short
Bybit ESPUSDT+0.0715%4h0.09334−0.235%$1.1M$626K50xas long as short