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: OKX against Bitget+0.074%7-day average +0.118% · you sell dearer than you buy

Net, funding: paid 7d − costs−$242as in the Funding arb table

Net, price: spread back to 7d avg − costs−$247as in the Price arb table

costs, in and out, $10k−$2422.423% of the position

Long on Bitget Short on OKX

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)−0.001%$0 · spread now +0.074%, 7d avg +0.118%

Together, before fees−0.001%$0 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: OKX is 0.044% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.118%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ORDERUSDT	0.04072	0.0100	pay 0.0050% / 4h	2h 09m	$488K	$238K	20x
Short	OKX ORDER-USDT-SWAP	0.04075	0.0100	get 0.0050% / 4h	2h 09m	$167K	$320K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.074%Rate

Funding earned: $0
Price spread: +0.074% → +0.118%: −$4.44
Slippage, 4 orders: −$220.32
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$246.76
Costs to cover: 2.423%
Break-even: never at this rate

Slippage from Bitget: live order book, 52 min ago; OKX: live order book, 56 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, 52 min ago	7.48 bp	50.5 bp −$51	324.7 bp −$3,247	doesn't fit	doesn't fit
Sell OKX live order book, 56 min ago	4.94 bp	71.3 bp −$71	doesn't fit	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 ORDERUSDT	+0.0100%	4h	0.04074	+0.055%	$1.4M	$1.8M	50x	as long as short
Bybit ORDERUSDT	+0.0100%	8h	0.04065	−0.172%	$1.3M	$728K	20x	as long as short
OKX ORDER-USDT-SWAPshort	+0.0100%	4h	0.04075	+0.074%	$167K	$320K	20x
Gate ORDER_USDT	+0.0100%	4h	0.04075	+0.074%	$77K	$69K	20x	as long as short
MEXC ORDER_USDT	+0.0100%	4h	0.04076	+0.098%	$275K	$101K	20x	as long as short
KuCoin ORDERUSDTM	+0.0100%	4h	0.04078	+0.147%	$227K	$92K	30x	as long as short
Bitget ORDERUSDTlong	+0.0100%	4h	0.04072	long leg	$488K	$238K	20x
BingX ORDER-USDT	+0.0100%	4h	0.04072	0.000%	—	$1.3M	—	as long as short
Variational Omni ORDER	+0.0100%	8h	0.04067	−0.116%	$10K	$2K	—	as long as short
Orderly PERP_ORDER_USDC	+0.0749%	4h	0.04077	+0.123%	$192K	$201K	10x	as long as short