Funding arb · Price arb /

HOLO

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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 Bybit+0.122%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$114as in the Price arb table

costs, in and out, $10k−$1231.229% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

Price spread, last 4 days (all we have)−0.223%−$22 · spread now +0.122%, 7d avg +0.037%

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: 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 +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HOLOUSDT	0.06536	0.0100	pay 0.0050% / 4h	58m 17s	$1.5M	$620K	25x
Short	Bitget HOLOUSDT	0.06544	0.0100	get 0.0050% / 4h	58m 17s	$579K	$190K	20x

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 +0.122%Rate

Funding earned: $0
Price spread: +0.122% → +0.037%: $8.52
Slippage, 4 orders: −$99.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$114.41
Costs to cover: 1.229%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 17 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, 3 min ago	2.30 bp	19.8 bp −$20	629.2 bp −$6,292	doesn't fit	doesn't fit
Sell Bitget live order book, 17 min ago	7.69 bp	23.8 bp −$24	94.7 bp −$947	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
KuCoin HOLOUSDTM	−0.0122%	4h	0.06534	−0.031%	$215K	$116K	30x	as long as short
Aster HOLOUSDT	+0.0100%	4h	0.06545	+0.140%	$15K	$5K	5x	as long as short
Binance HOLOUSDT	+0.0100%	4h	0.06546	+0.150%	$2.5M	$2.2M	50x	as long as short
Bybit HOLOUSDTlong	+0.0100%	4h	0.06536	long leg	$1.5M	$620K	25x
Gate HOLO_USDT	+0.0100%	4h	0.06540	+0.061%	$244K	$49K	50x	as long as short
MEXC HOLO_USDT	+0.0100%	4h	0.06544	+0.122%	$579K	$179K	50x	as long as short
Bitget HOLOUSDTshort	+0.0100%	4h	0.06544	+0.122%	$579K	$190K	20x
BingX HOLO-USDT	+0.0100%	4h	0.06542	+0.092%	—	$6.6M	—	as long as short
Variational Omni HOLO	+0.0100%	4h	0.06521	−0.235%	$4K	$491	—	as long as short
BloFin HOLO-USDT	+0.0123%	4h	0.06540	+0.061%	$163K	$19K	50x	as long as short