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

OG

all OG markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.057%
Price spread now: Bitget against Bybit−0.028%7-day average −0.125% · you buy dearer than you sell
Net, funding: paid 7d − costs−$303as in the Funding arb table
Net, price: spread back to 7d avg − costs−$285as in the Price arb table
costs, in and out, $10k−$2952.949% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.080%−$8 on $10k
Price spread, last 4 days (all we have)−0.059%−$6 · spread now −0.028%, 7d avg −0.125%
Together, before fees−0.139%−$14 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 0.097% dearer against Bybit than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.125%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit OGUSDT2.83200.0100pay 0.0100% / 8h7h 43m$538K$177K13x
ShortBitget OGUSDT2.83120.0100get 0.0050% / 4h3h 43m$265K$125K20x

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

Funding earned
$0
Price spread: −0.028% → −0.125%
$9.68
Slippage, 4 orders
−$271.92
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$285.24
Costs to cover
2.949%
Break-even
never at this rate
Slippage from Bybit: live order book, 21 min ago; Bitget: live order book, 21 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 Bybit live order book, 21 min ago5.31 bp161.5 bp −$162955.6 bp −$9,556doesn't fitdoesn't fit
Sell Bitget live order book, 21 min ago12.06 bp30.4 bp −$30128.8 bp −$1,288doesn't fitdoesn't fit

OG on 8 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
Binance OGUSDT+0.0100%4h2.8315−0.017%$1.9M$1.1M25xas long as short
Bybit OGUSDTlong+0.0100%8h2.8320long leg$538K$177K13x
MEXC OG_USDT+0.0100%4h2.8310−0.035%$776K$225K50xas long as short
KuCoin OGUSDTM+0.0100%4h2.8336+0.056%$171K$73K25xas long as short
Bitget OGUSDTshort+0.0100%4h2.8312−0.028%$265K$125K20x
Variational Omni OG+0.0100%8h2.8341+0.073%$1K$241as long as short
BingX OG-USDT+0.0224%4h2.8310−0.035%$6.5Mas long as short
Gate OG_USDT+0.0268%4h2.8260−0.212%$98K$29K25xas long as short