Funding arb · Price arb /

IN

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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 Binance+0.154%7-day average +0.097% · you sell dearer than you buy

Net, funding: paid 7d − costs−$190as in the Funding arb table

Net, price: spread back to 7d avg − costs−$180as in the Price arb table

costs, in and out, $10k−$1861.858% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.154%, 7d avg +0.097%

Together, before fees−0.037%−$4 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 0.057% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.097%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance INUSDT	0.03436	0.0100	pay 0.0050% / 4h	2h 40m	$1.9M	$964K	25x
Short	Bitget INUSDT	0.03441	0.0100	get 0.0050% / 4h	2h 40m	$812K	$118K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.154%Rate

Funding earned: $0
Price spread: +0.154% → +0.097%: $5.7
Slippage, 4 orders: −$163.84
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$180.14
Costs to cover: 1.858%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; Bitget: live order book, 45 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 Binance live order book, 8 min ago	1.45 bp	36.0 bp −$36	285.4 bp −$2,854	doesn't fit	doesn't fit
Sell Bitget live order book, 45 min ago	5.79 bp	51.7 bp −$52	doesn't fit	doesn't fit	doesn't fit

IN on 9 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 INUSDT	+0.0100%	4h	0.03431	−0.128%	$123K	$21K	5x	as long as short
Binance INUSDTlong	+0.0100%	4h	0.03436	long leg	$1.9M	$964K	25x
Bybit INUSDT	+0.0100%	4h	0.03438	+0.066%	$735K	$120K	20x	as long as short
Gate IN_USDT	+0.0100%	4h	0.03434	−0.050%	$226K	$103K	50x	as long as short
MEXC IN_USDT	+0.0100%	4h	0.03435	−0.021%	$272K	$94K	20x	as long as short
KuCoin INUSDTM	+0.0100%	4h	0.03450	+0.416%	$275K	$47K	30x	as long as short
Bitget INUSDTshort	+0.0100%	4h	0.03441	+0.154%	$812K	$118K	25x
BingX IN-USDT	+0.0100%	4h	0.03435	−0.021%	—	$2.3M	—	as long as short
Variational Omni IN	+0.0100%	4h	0.03438	+0.052%	$1K	$7	—	as long as short