Funding arb · Price arb /

NOT

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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: Binance against Bitget−0.107%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$840.839% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 4 days (all we have)+0.128%+$13 · spread now −0.107%, 7d avg −0.043%

Together, before fees+0.096%+$10 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: Binance is 0.064% cheaper against Bitget than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NOTUSDT	0.0005057	0.0100	pay 0.0050% / 4h	3h 01m	$666K	$388K	50x
Short	Binance NOTUSDT	0.0005052	0.0100	get 0.0050% / 4h	3h 01m	$2.1M	$3.1M	50x

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

Position, each leg$Hold fordaysFee BitgetbpFee BinancebpOrdersPrice spread, now −0.107%Rate

Funding earned: $0
Price spread: −0.107% → −0.043%: −$6.41
Slippage, 4 orders: −$61.92
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$90.33
Costs to cover: 0.839%
Break-even: never at this rate

Slippage from Bitget: live order book, 23 min ago; Binance: live order book, 4 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 Bitget live order book, 23 min ago	2.96 bp	23.8 bp −$24	139.7 bp −$1,397	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	1.98 bp	15.3 bp −$15	76.3 bp −$763	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	+0.0018%	4h	0.0005056	−0.027%	$66K	$34K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.619%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005064	+0.131%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005050	−0.138%	$369K	$52K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005050	−0.134%	$14K	$13K	5x	as long as short
Binance NOTUSDTshort	+0.0100%	4h	0.0005052	−0.107%	$2.1M	$3.1M	50x
Bybit NOTUSDT	+0.0100%	4h	0.0005047	−0.198%	$2.1M	$840K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005050	−0.138%	$612K	$604K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005045	−0.237%	$140K	$81K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005052	−0.099%	$1.4M	$483K	200x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTM	+0.0100%	4h	0.0005048	−0.178%	$490K	$121K	50x	as long as short
Bitget NOTUSDTlong	+0.0100%	4h	0.0005057	long leg	$666K	$388K	50x
BingX NOT-USDC	+0.0100%	4h	0.0005051	−0.119%	—	$721K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005052	−0.101%	$4K	$1K	5x	as long as short
BloFin NOT-USDT	+0.0128%	4h	0.0005056	−0.020%	$113K	$17K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.6421%	1h	0.0005090	+0.660%	$49K	$9K	10x	as long as short