Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.044%

Price spread now: Bitget against Bybit0.000%7-day average +0.107% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$1021.017% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now 0.000%, 7d avg +0.107%

Together, before fees+0.047%+$5 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 0.107% cheaper against Bybit than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit IDUSDT	0.03779	0.0100	pay 0.0100% / 8h	6h 09m	$1.4M	$1.1M	25x
Short	Bitget IDUSDT	0.03779	0.0100	get 0.0050% / 4h	2h 09m	$805K	$658K	50x

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 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.107%: −$10.71
Slippage, 4 orders: −$78.71
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$112.42
Costs to cover: 1.017%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Bitget: live order book, 56 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, 1 min ago	5.28 bp	28.4 bp −$28	468.2 bp −$4,682	doesn't fit	doesn't fit
Sell Bitget live order book, 56 min ago	5.26 bp	24.2 bp −$24	152.5 bp −$1,525	doesn't fit	doesn't fit

ID 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
Aster IDUSDT	+0.0100%	4h	0.03780	+0.021%	$9K	$147	5x	as long as short
Binance IDUSDT	+0.0100%	4h	0.03775	−0.113%	$2.4M	$3.7M	50x	as long as short
Bybit IDUSDTlong	+0.0100%	8h	0.03779	long leg	$1.4M	$1.1M	25x
Gate ID_USDT	+0.0100%	4h	0.03779	0.000%	$249K	$249K	25x	as long as short
MEXC ID_USDT	+0.0100%	4h	0.03776	−0.079%	$407K	$186K	20x	as long as short
KuCoin IDUSDTM	+0.0100%	4h	0.03779	0.000%	$1.1M	$69K	30x	as long as short
Bitget IDUSDTshort	+0.0100%	4h	0.03779	0.000%	$805K	$658K	50x
BingX ID-USDT	+0.0100%	4h	0.03777	−0.053%	—	$2.3M	—	as long as short
Variational Omni ID	+0.0100%	8h	0.03784	+0.141%	$12K	$20K	—	as long as short
Kraken Futures PF_IDUSD	+0.0498%	1h	0.03779	−0.009%	$4K	$2K	10x	as long as short