Funding arb · Price arb /

H

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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: Binance against Bitget+0.102%7-day average +0.179% · you sell dearer than you buy

Net, funding: paid 7d − costs−$334as in the Funding arb table

Net, price: spread back to 7d avg − costs−$368as in the Price arb table

costs, in and out, $10k−$3603.602% of the position

Long on Bitget Short on Binance

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−0.047%−$5 · spread now +0.102%, 7d avg +0.179%

Together, before fees+0.215%+$21 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: Binance is 0.077% cheaper against Bitget than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.179%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HUSDT	0.06972	0.0100	pay 0.0050% / 4h	2h 17m	$1.7M	$450K	4x
Short	Binance HUSDT	0.06979	0.0100	get 0.0050% / 4h	2h 17m	$15.0M	$10.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.102%Rate

Funding earned: $0
Price spread: +0.102% → +0.179%: −$7.73
Slippage, 4 orders: −$338.18
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$367.91
Costs to cover: 3.602%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Binance: live order book, 9 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, 5 min ago	7.12 bp	156.5 bp −$156	558.2 bp −$5,582	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.71 bp	41.1 bp −$41	234.0 bp −$2,340	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	−10.356%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06989	+0.241%	$117K	$47K	5x	as long as short
Binance HUSDTshort	+0.0100%	4h	0.06979	+0.102%	$15.0M	$10.3M	10x
Bybit HUSDT	+0.0100%	4h	0.06949	−0.328%	$7.6M	$4.4M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06959	−0.186%	$1.7M	$5.7M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06979	+0.100%	$2.9M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06985	+0.186%	$6.3M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06986	+0.201%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDTlong	+0.0100%	4h	0.06972	long leg	$1.7M	$450K	4x
BingX H-USDT	+0.0100%	4h	0.06977	+0.072%	—	$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	0.07023	+0.726%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07015	+0.617%	$1.2M	$469K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06996	+0.346%	$12K	$107K	5x	as long as short
BloFin H-USDT	+0.0128%	4h	0.07005	+0.473%	$592K	$114K	25x	as long as short