Funding arb · Price arb /

ORDER

all ORDER markets

Swap Backtest

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 Binance−0.123%7-day average −0.175% · you buy dearer than you sell

Net, funding: paid 7d − costs−$186as in the Funding arb table

Net, price: spread back to 7d avg − costs−$180as in the Price arb table

costs, in and out, $10k−$1861.856% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now −0.123%, 7d avg −0.175%

Together, before fees−0.082%−$8 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 0.053% dearer against Binance than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.175%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ORDERUSDT	0.04077	0.0100	pay 0.0050% / 4h	2h 11m	$1.4M	$1.8M	50x
Short	Bitget ORDERUSDT	0.04072	0.0100	get 0.0050% / 4h	2h 11m	$488K	$238K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.123%Rate

Funding earned: $0
Price spread: −0.123% → −0.175%: $5.27
Slippage, 4 orders: −$163.61
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$180.34
Costs to cover: 1.856%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Bitget: live order book, 49 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 Binance live order book, 7 min ago	2.43 bp	45.6 bp −$46	216.9 bp −$2,169	doesn't fit	doesn't fit
Sell Bitget live order book, 49 min ago	7.48 bp	39.9 bp −$40	240.8 bp −$2,408	doesn't fit	doesn't fit

ORDER on 10 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
Binance ORDERUSDTlong	+0.0100%	4h	0.04077	long leg	$1.4M	$1.8M	50x
Bybit ORDERUSDT	+0.0100%	8h	0.04064	−0.319%	$1.3M	$726K	20x	as long as short
OKX ORDER-USDT-SWAP	+0.0100%	4h	0.04071	−0.147%	$166K	$320K	20x	as long as short
Gate ORDER_USDT	+0.0100%	4h	0.04072	−0.123%	$76K	$69K	20x	as long as short
MEXC ORDER_USDT	+0.0100%	4h	0.04074	−0.074%	$275K	$101K	20x	as long as short
KuCoin ORDERUSDTM	+0.0100%	4h	0.04088	+0.270%	$229K	$92K	30x	as long as short
Bitget ORDERUSDTshort	+0.0100%	4h	0.04072	−0.123%	$488K	$238K	20x
BingX ORDER-USDT	+0.0100%	4h	0.04070	−0.172%	—	$1.3M	—	as long as short
Variational Omni ORDER	+0.0100%	8h	0.04089	+0.288%	$11K	$2K	—	as long as short
Orderly PERP_ORDER_USDC	+0.0755%	4h	0.04087	+0.245%	$193K	$201K	10x	as long as short