Funding arb · Price arb /

H

all H markets

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: Bitget against Binance−0.118%7-day average −0.182% · you buy dearer than you sell

Net, funding: paid 7d − costs−$522as in the Funding arb table

Net, price: spread back to 7d avg − costs−$490as in the Price arb table

costs, in and out, $10k−$4964.962% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.262%−$26 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.118%, 7d avg −0.182%

Together, before fees−0.246%−$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: Bitget is 0.064% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.182%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance HUSDT	0.07043	0.0100	pay 0.0050% / 4h	11m 54s	$15.1M	$10.5M	10x
Short	Bitget HUSDT	0.07035	0.0100	get 0.0050% / 4h	11m 54s	$1.7M	$450K	4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.118%Rate

Funding earned: $0
Price spread: −0.118% → −0.182%: $6.43
Slippage, 4 orders: −$474.17
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$489.74
Costs to cover: 4.962%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Bitget: live order book, 5 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 Binance live order book, 14 min ago	0.71 bp	45.5 bp −$46	314.7 bp −$3,147	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	14.27 bp	180.7 bp −$181	479.8 bp −$4,798	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−11.263%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.07038	−0.075%	$116K	$54K	5x	as long as short
Binance HUSDTlong	+0.0100%	4h	0.07043	long leg	$15.1M	$10.5M	10x
Bybit HUSDT	+0.0100%	4h	0.07030	−0.189%	$7.7M	$4.6M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.07044	+0.010%	$1.8M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.07035	−0.118%	$2.9M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.07038	−0.075%	$6.4M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.07032	−0.160%	$1.7M	$10.0M	8x	as long as short
Bitget HUSDTshort	+0.0100%	4h	0.07035	−0.118%	$1.7M	$450K	4x
BingX H-USDT	+0.0100%	4h	0.07040	−0.047%	—	$2.7M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.07007	−0.516%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07019	−0.350%	$1.2M	$438K	10x	as long as short
BloFin H-USDT	+0.0102%	4h	0.07015	−0.402%	$592K	$117K	25x	as long as short
Extended H-USD	+0.0104%	1h	0.07038	−0.075%	$12K	$107K	5x	as long as short