Settings8H · net · $10k
Funding arb · Price arb /

IO

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SwapBacktest
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 0.000%
Price spread now: Binance against Bitget−0.065%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1301.295% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.071%−$7 on $10k
Price spread, last 7 days−0.178%−$18 · spread now −0.065%, 7d avg −0.067%
Together, before fees−0.250%−$25 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget IOUSDT0.15190.0100pay 0.0050% / 4h2h 10m$1.3M$1.2M50x
ShortBinance IOUSDT0.15180.0100get 0.0050% / 4h2h 10m$3.0M$6.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
$0
Price spread: −0.065% → −0.067%
$0.17
Slippage, 4 orders
−$107.54
Fee Bitget: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$129.37
Costs to cover
1.295%
Break-even
never at this rate
Slippage from Bitget: live order book, 5 min ago; Binance: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 5 min ago3.29 bp38.1 bp −$38263.6 bp −$2,636doesn't fitdoesn't fit
Sell Binance live order book, 13 min ago3.29 bp21.5 bp −$21114.9 bp −$1,149doesn't fitdoesn't fit

IO on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid IO+0.0100%1h0.1519−0.033%$1.0M$386K3xas long as short
Aster IOUSDT+0.0100%4h0.1518−0.092%$6K$32K5xas long as short
Binance IOUSDTshort+0.0100%4h0.1518−0.065%$3.0M$6.6M50x
Bybit IOUSDT+0.0100%4h0.1517−0.132%$1.1M$913K25xas long as short
Gate IO_USDT+0.0100%4h0.1516−0.191%$234K$561K50xas long as short
MEXC IO_USDT+0.0100%4h0.1517−0.132%$1.2M$231K125xas long as short
KuCoin IOUSDTM+0.0100%4h0.1517−0.132%$355K$679K50xas long as short
Bitget IOUSDTlong+0.0100%4h0.1519long leg$1.3M$1.2M50x
BingX IO-USDT+0.0100%4h0.1518−0.066%$1.3Mas long as short
Variational Omni IO+0.0100%4h0.1516−0.215%$33K$13Kas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended IO-USD+0.0104%1h0.1518−0.098%$3K$132K5xas long as short
Injective IO/USDC PERP+0.1587%1h0.1517−0.132%$2K$2025.5xas long as short
Kraken Futures PF_IOUSD+2.1543%1h0.1520+0.067%$39K$18K10xas long as short