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

F

all F markets
SwapBacktest
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 +0.045%
Price spread now: Bybit against Bitget−0.054%7-day average +0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$111as in the Price arb table
costs, in and out, $10k−$1011.009% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.002%$0 on $10k
Price spread, last 7 days+0.029%+$3 · spread now −0.054%, 7d avg +0.046%
Together, before fees+0.026%+$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 0.100% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.046%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget FUSDT0.0037190.0100pay 0.0050% / 4h2h 41m$507K$999K50x
ShortBybit FUSDT0.0037170.0100get 0.0050% / 4h2h 41m$2.4M$2.6M25x

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

Funding earned
$0
Price spread: −0.054% → +0.046%
−$9.98
Slippage, 4 orders
−$77.88
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$110.86
Costs to cover
1.009%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 5 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 Bitget live order book, 4 min ago4.04 bp18.7 bp −$1958.6 bp −$586doesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago2.70 bp30.2 bp −$30178.2 bp −$1,782doesn't fitdoesn't fit

F 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
Gate F_USDT+0.0005%8h0.003718−0.027%$180K$1.4M25xas long as short
Aster FUSDT+0.0100%4h0.003718−0.035%$15K$30K5xas long as short
Binance FUSDT+0.0100%4h0.003719−0.004%$4.0M$7.7M50xas long as short
Bybit FUSDTshort+0.0100%4h0.003717−0.054%$2.4M$2.6M25x
OKX F-USDT-SWAP+0.0100%4h0.003718−0.027%$751K$2.2M20xas long as short
MEXC F_USDT+0.0100%4h0.003718−0.027%$636K$191K50xas long as short
KuCoin FUSDTM+0.0100%4h0.003717−0.054%$785K$1.3M30xas long as short
Bitget FUSDTlong+0.0100%4h0.003719long leg$507K$999K50x
BingX F-USDT+0.0100%4h0.003718−0.027%$6.6Mas long as short
Variational Omni F+0.0100%4h0.003708−0.295%$699$379as long as short