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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against KuCoin−0.212%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$994as in the Funding arb table
Net, price: spread back to 7d avg − costs−$1,010as in the Price arb table
costs, in and out, $10k−$9949.938% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.006%−$1 on $10k
Price spread, last 4 days (all we have)+0.216%+$22 · spread now −0.212%, 7d avg −0.054%
Together, before fees+0.210%+$21 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 0.158% cheaper against KuCoin than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.054%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin OGUSDTM2.82570.0100pay 0.0050% / 4h2h 05m$170K$73K25x
ShortBitget OGUSDT2.81970.0100get 0.0050% / 4h2h 05m$255K$130K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against KuCoin. 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: −0.212% → −0.054%
−$15.84
Slippage, 4 orders
−$969.82
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$1,009.66
Costs to cover
9.938%
Break-even
never at this rate
Slippage from KuCoin: live order book, 24 min ago; Bitget: live order book, 54 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 KuCoin live order book, 24 min ago29.61 bp404.2 bp −$404doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 54 min ago8.51 bp30.3 bp −$30134.9 bp −$1,349doesn'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%4h2.8212−0.160%$1.9M$1.1M25xas long as short
Gate OG_USDT+0.0100%4h2.8170−0.308%$97K$30K25xas long as short
MEXC OG_USDT+0.0100%4h2.8210−0.166%$744K$229K50xas long as short
KuCoin OGUSDTMlong+0.0100%4h2.8257long leg$170K$73K25x
Bitget OGUSDTshort+0.0100%4h2.8197−0.212%$255K$130K20x
Variational Omni OG+0.0100%8h2.8240−0.060%$1K$262as long as short
Bybit OGUSDT+0.0169%8h2.8244−0.046%$529K$179K13xas long as short
BingX OG-USDT+0.0198%4h2.8240−0.060%$6.5Mas long as short