Funding arb · Price arb /

HOLO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Bitget−0.217%7-day average −0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$179as in the Funding arb table

Net, price: spread back to 7d avg − costs−$192as in the Price arb table

costs, in and out, $10k−$1751.746% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 4 days (all we have)+0.284%+$28 · spread now −0.217%, 7d avg −0.046%

Together, before fees+0.240%+$24 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 0.171% cheaper against Bitget than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HOLOUSDT	0.06446	0.0100	pay 0.0050% / 4h	2h 31m	$603K	$155K	20x
Short	Bybit HOLOUSDT	0.06432	0.0100	get 0.0050% / 4h	2h 31m	$1.6M	$666K	25x

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 −0.217%Rate

Funding earned: $0
Price spread: −0.217% → −0.046%: −$17.13
Slippage, 4 orders: −$151.57
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$191.7
Costs to cover: 1.746%
Break-even: never at this rate

Slippage from Bitget: live order book, 13 min ago; Bybit: 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, 13 min ago	9.24 bp	27.2 bp −$27	92.9 bp −$929	doesn't fit	doesn't fit
Sell Bybit live order book, 9 min ago	6.98 bp	58.6 bp −$59	doesn't fit	doesn't fit	doesn't fit

HOLO on 10 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
BloFin HOLO-USDT	+0.0041%	4h	0.06441	−0.078%	$160K	$27K	50x	as long as short
Aster HOLOUSDT	+0.0100%	4h	0.06439	−0.113%	$15K	$4K	5x	as long as short
Binance HOLOUSDT	+0.0100%	4h	0.06436	−0.155%	$2.4M	$2.5M	50x	as long as short
Bybit HOLOUSDTshort	+0.0100%	4h	0.06432	−0.217%	$1.6M	$666K	25x
Gate HOLO_USDT	+0.0100%	4h	0.06447	+0.016%	$236K	$78K	50x	as long as short
MEXC HOLO_USDT	+0.0100%	4h	0.06438	−0.124%	$566K	$177K	50x	as long as short
KuCoin HOLOUSDTM	+0.0100%	4h	0.06443	−0.047%	$166K	$136K	30x	as long as short
Bitget HOLOUSDTlong	+0.0100%	4h	0.06446	long leg	$603K	$155K	20x
BingX HOLO-USDT	+0.0100%	4h	0.06441	−0.078%	—	$6.6M	—	as long as short
Variational Omni HOLO	+0.0100%	4h	0.06451	+0.070%	$4K	$99	—	as long as short