Funding arb · Price arb /

H

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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: Bybit against Bitget0.000%7-day average −0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$367as in the Funding arb table

Net, price: spread back to 7d avg − costs−$358as in the Price arb table

costs, in and out, $10k−$3673.670% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.129%−$13 · spread now 0.000%, 7d avg −0.088%

Together, before fees−0.129%−$13 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 0.088% dearer against Bitget than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HUSDT	0.06691	0.0100	pay 0.0050% / 4h	1h 20m	$1.7M	$456K	4x
Short	Bybit HUSDT	0.06691	0.0100	get 0.0050% / 4h	1h 20m	$7.4M	$4.8M	13x

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

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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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.088%: $8.82
Slippage, 4 orders: −$344.02
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$358.2
Costs to cover: 3.670%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Bybit: live order book, 2 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, 1 min ago	5.98 bp	144.8 bp −$145	471.9 bp −$4,719	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	5.23 bp	39.5 bp −$40	146.8 bp −$1,468	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	−6.591%	$1K	$1	5.5x	as long as short
KuCoin HUSDTM	+0.0048%	4h	0.06700	+0.135%	$1.6M	$10.0M	8x	as long as short
BloFin H-USDT	+0.0053%	4h	0.06709	+0.269%	$580K	$110K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06710	+0.283%	$110K	$57K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06707	+0.236%	$14.4M	$11.1M	10x	as long as short
Bybit HUSDTshort	+0.0100%	4h	0.06691	0.000%	$7.4M	$4.8M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.06711	+0.299%	$1.8M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06700	+0.135%	$2.7M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06707	+0.239%	$6.0M	$1.1M	20x	as long as short
Bitget HUSDTlong	+0.0100%	4h	0.06691	long leg	$1.7M	$456K	4x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06715	+0.359%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06692	+0.011%	$7K	$9K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06713	+0.328%	$1.1M	$434K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06705	+0.211%	$10K	$101K	5x	as long as short