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

ORDER

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Bitget−0.147%7-day average −0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$236as in the Funding arb table
Net, price: spread back to 7d avg − costs−$246as in the Price arb table
costs, in and out, $10k−$2362.360% of the position
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)−0.057%−$6 · spread now −0.147%, 7d avg −0.048%
Together, before fees−0.057%−$6 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: Bybit is 0.099% cheaper against Bitget than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.048%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ORDERUSDT0.040690.0100pay 0.0050% / 4h57m 11s$482K$251K20x
ShortBybit ORDERUSDT0.040630.0100get 0.0100% / 8h4h 57m$1.3M$718K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: −0.147% → −0.048%
−$9.92
Slippage, 4 orders
−$213.01
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$245.93
Costs to cover
2.360%
Break-even
never at this rate
Slippage from Bitget: live order book, 59 min ago; Bybit: live order book, 4 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 Bitget live order book, 59 min ago11.00 bp49.5 bp −$50342.0 bp −$3,420doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago4.91 bp70.2 bp −$70297.0 bp −$2,970doesn't fitdoesn't fit

ORDER on 11 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 ORDERUSDT+0.0100%4h0.04071+0.049%$1.4M$1.8M50xas long as short
Bybit ORDERUSDTshort+0.0100%8h0.04063−0.147%$1.3M$718K20x
OKX ORDER-USDT-SWAP+0.0100%4h0.040690.000%$169K$321K20xas long as short
Gate ORDER_USDT+0.0100%4h0.04065−0.098%$76K$60K20xas long as short
MEXC ORDER_USDT+0.0100%4h0.04068−0.025%$275K$98K20xas long as short
KuCoin ORDERUSDTM+0.0100%4h0.04067−0.049%$226K$87K30xas long as short
Bitget ORDERUSDTlong+0.0100%4h0.04069long leg$482K$251K20x
BingX ORDER-USDT+0.0100%4h0.04061−0.197%$1.3Mas long as short
Variational Omni ORDER+0.0100%8h0.04069+0.004%$11K$2Kas long as short
BloFin ORDER-USDT+0.0116%8h0.04059−0.246%$66K$7K16xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_ORDER_USDC+0.0669%4h0.04071+0.049%$192K$176K10xas long as short