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 OKX−0.197%7-day average −0.116% · you buy dearer than you sell

Net, funding: paid 7d − costs−$283as in the Funding arb table

Net, price: spread back to 7d avg − costs−$283as in the Price arb table

costs, in and out, $10k−$2752.754% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.073%−$7 on $10k

Price spread, last 7 days+0.144%+$14 · spread now −0.197%, 7d avg −0.116%

Together, before fees+0.071%+$7 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 0.081% cheaper against OKX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.116%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX H-USDT-SWAP	0.07119	0.0100	pay 0.0050% / 4h	2h 56m	$1.7M	$5.7M	10x
Short	Bitget HUSDT	0.07105	0.0100	get 0.0050% / 4h	2h 56m	$1.8M	$443K	4x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now −0.197%Rate

Funding earned: $0
Price spread: −0.197% → −0.116%: −$8.06
Slippage, 4 orders: −$253.41
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$283.46
Costs to cover: 2.754%
Break-even: never at this rate

Slippage from OKX: live order book, 1 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 OKX live order book, 1 min ago	0.70 bp	20.9 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	7.03 bp	98.0 bp −$98	578.2 bp −$5,782	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	−12.207%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0097%	4h	0.07112	−0.098%	$606K	$113K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.07103	−0.225%	$119K	$46K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.07116	−0.048%	$15.4M	$10.1M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.07103	−0.225%	$7.8M	$4.3M	13x	as long as short
OKX H-USDT-SWAPlong	+0.0100%	4h	0.07119	long leg	$1.7M	$5.7M	10x
Gate H_USDT	+0.0100%	4h	0.07107	−0.169%	$2.9M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.07115	−0.056%	$6.5M	$1.0M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.07111	−0.112%	$1.7M	$9.9M	8x	as long as short
Bitget HUSDTshort	+0.0100%	4h	0.07105	−0.197%	$1.8M	$443K	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	0.07107	−0.169%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.07097	−0.315%	$8K	$12K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07101	−0.258%	$1.2M	$491K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.07115	−0.060%	$12K	$107K	5x	as long as short