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: Bitget against Bybit+0.174%7-day average +0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$354as in the Funding arb table

Net, price: spread back to 7d avg − costs−$345as in the Price arb table

costs, in and out, $10k−$3543.537% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.044%−$4 · spread now +0.174%, 7d avg +0.088%

Together, before fees−0.044%−$4 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 0.085% dearer against Bybit 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	Bybit HUSDT	0.06742	0.0100	pay 0.0050% / 4h	1h 44m	$7.4M	$4.8M	13x
Short	Bitget HUSDT	0.06754	0.0100	get 0.0050% / 4h	1h 44m	$1.7M	$457K	4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.174%Rate

Funding earned: $0
Price spread: +0.174% → +0.088%: $8.53
Slippage, 4 orders: −$330.69
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$345.15
Costs to cover: 3.537%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 3 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 Bybit live order book, 4 min ago	5.94 bp	37.3 bp −$37	190.8 bp −$1,908	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	8.93 bp	127.1 bp −$127	372.3 bp −$3,723	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	−7.302%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0077%	4h	0.06737	−0.079%	$586K	$110K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06750	+0.119%	$111K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06754	+0.174%	$14.5M	$11.0M	10x	as long as short
Bybit HUSDTlong	+0.0100%	4h	0.06742	long leg	$7.4M	$4.8M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.06751	+0.129%	$1.8M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06748	+0.085%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06755	+0.188%	$6.1M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06748	+0.085%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDTshort	+0.0100%	4h	0.06754	+0.174%	$1.7M	$457K	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	0.06749	+0.099%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06729	−0.200%	$7K	$9K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06736	−0.094%	$1.1M	$437K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06757	+0.219%	$10K	$101K	5x	as long as short