Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.4764%/8h= +521.6% APRpaid last 24h —

Price spread now: Bitget against Deribit−0.494%48s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 17 hours (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Bitget is 0.494% cheaper against Deribit than usual: you would sell low and buy high (spread −0.494% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$49 on $10k: about 8 hours of funding at the current rate (+$143 a day). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit 1000MOG_USDC-PERPETUAL	0.0000001215	−0.4664	get 0.0583% / 1h	18m 31s	$32K	$30K	10x
Short	Bitget 1000000MOGUSDT	0.0000001209	0.0100	get 0.0050% / 4h	3h 18m	$339K	$162K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Deribit. 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 DeribitbpFee BitgetbpOrdersPrice spread, now −0.494%Rate

Funding earned: $1,000.4
Price spread: −0.494% → 0.000%: −$49.38
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: $932.02
Costs to cover: 0.190%
Break-even: 0.5 days

Slippage unknown: Deribit: no order-book sample; Bitget: live order book, 47 min ago. Net counts fees only.

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 Deribit no order-book sample	—	—	—	—	—
Sell Bitget live order book, 47 min ago	8.38 bp	34.5 bp −$35	224.0 bp −$2,240	doesn't fit	doesn't fit

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

MOG on 12 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
Deribit 1000MOG_USDC-PERPETUALlong	−0.4664%	1h	0.0000001215	long leg	$32K	$30K	10x
Binance 1000000MOGUSDT	+0.0100%	4h	0.0000001210	−0.437%	$1.2M	$3.8M	50x	as long as short
Gate MOG_USDT	+0.0100%	4h	0.0000001212	−0.247%	$444K	$341K	25x	as long as short
MEXC 1000000MOG_USDT	+0.0100%	4h	0.0000001209	−0.494%	$719K	$213K	100x	as long as short
Bitget 1000000MOGUSDTshort	+0.0100%	4h	0.0000001209	−0.494%	$339K	$162K	50x
Bybit 1000000MOGUSDT	+0.0106%	4h	0.0000001214	−0.082%	$1.7M	$2.3M	50x	as long as short
BloFin 1000000MOG-USDT	+0.0154%	4h	0.0000001224	+0.741%	$76K	$17K	50x	as long as short
BingX 1000000MOG-USDT	+0.0200%	4h	0.0000001214	−0.082%	—	$1.4M	—	as long as short
Variational Omni 1000000MOG	+0.0218%	4h	0.0000001219	+0.354%	$5K	$11K	—	as long as short
Kraken Futures PF_MOGUSD	+0.0644%	1h	0.0000001211	−0.337%	$49K	$41K	10x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin 1000000MOGUSDTM	+0.1442%	4h	0.0000001218	+0.247%	$675K	$148K	30x	as long as short
Coinbase International 1000MOG-PERP-INTX	+0.2208%	1h	0.0000001205	−0.823%	$66K	$10K	25x	as long as short