Funding arb · Price arb /

HAEDAL

all HAEDAL markets

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 −0.012%

Price spread now: Bybit against Bitget0.000%7-day average −0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$426as in the Funding arb table

Net, price: spread back to 7d avg − costs−$383as in the Price arb table

costs, in and out, $10k−$3893.894% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.368%−$37 on $10k

Price spread, last 4 days (all we have)−0.086%−$9 · spread now 0.000%, 7d avg −0.063%

Together, before fees−0.454%−$45 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 0.063% dearer against Bitget than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HAEDALUSDT	0.02099	0.0100	pay 0.0050% / 4h	2h 31m	$196K	$223K	10x
Short	Bybit HAEDALUSDT	0.02099	0.0100	get 0.0050% / 4h	2h 31m	$402K	$235K	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

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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.063%: $6.35
Slippage, 4 orders: −$366.43
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$383.09
Costs to cover: 3.894%
Break-even: never at this rate

Slippage from Bitget: live order book, 29 min ago; Bybit: live order book, 29 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, 29 min ago	7.14 bp	48.2 bp −$48	826.2 bp −$8,262	doesn't fit	doesn't fit
Sell Bybit live order book, 29 min ago	7.13 bp	141.9 bp −$142	doesn't fit	doesn't fit	doesn't fit

HAEDAL on 8 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
Binance HAEDALUSDT	+0.0100%	4h	0.02099	+0.001%	$1.5M	$1.9M	10x	as long as short
Bybit HAEDALUSDTshort	+0.0100%	4h	0.02099	0.000%	$402K	$235K	13x
Gate HAEDAL_USDT	+0.0100%	4h	0.02094	−0.238%	$72K	$40K	10x	as long as short
MEXC HAEDAL_USDT	+0.0100%	4h	0.02099	0.000%	$165K	$197K	125x	as long as short
KuCoin HAEDALUSDTM	+0.0100%	4h	0.02098	−0.048%	$118K	$54K	10x	as long as short
Bitget HAEDALUSDTlong	+0.0100%	4h	0.02099	long leg	$196K	$223K	10x
BingX HAEDAL-USDT	+0.0100%	4h	0.02099	0.000%	—	$1.3M	—	as long as short
Variational Omni HAEDAL	+0.0100%	4h	0.02100	+0.032%	$363	$2K	—	as long as short