Funding arb · Price arb /

POWER

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Binance+0.035%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$1731.733% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.385%+$39 on $10k

Price spread, last 7 days−0.004%$0 · spread now +0.035%, 7d avg −0.004%

Together, before fees+0.382%+$38 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 0.039% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance POWERUSDT	0.1208	0.0100	pay 0.0050% / 4h	2h 00m	$3.6M	$5.6M	20x
Short	Bitget POWERUSDT	0.1209	0.0100	get 0.0050% / 4h	2h 00m	$3.3M	$508K	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 +0.035%Rate

Funding earned: $0
Price spread: +0.035% → −0.004%: $3.89
Slippage, 4 orders: −$151.32
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$169.43
Costs to cover: 1.733%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; Bitget: live order book, 2 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	0.83 bp	43.4 bp −$43	360.4 bp −$3,604	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	10.74 bp	45.0 bp −$45	doesn't fit	doesn't fit	doesn't fit

POWER 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
BloFin POWER-USDT	+0.0072%	4h	0.1208	−0.006%	$211K	$128K	20x	as long as short
Aster POWERUSDT	+0.0100%	4h	0.1209	+0.089%	$23K	$26K	5x	as long as short
Binance POWERUSDTlong	+0.0100%	4h	0.1208	long leg	$3.6M	$5.6M	20x
Bybit POWERUSDT	+0.0100%	4h	0.1209	+0.085%	$2.0M	$1.6M	20x	as long as short
Gate POWER_USDT	+0.0100%	8h	0.1212	+0.333%	$227K	$113K	20x	as long as short
MEXC POWER_USDT	+0.0100%	4h	0.1208	+0.018%	$14.0M	$443K	20x	as long as short
KuCoin POWERUSDTM	+0.0100%	4h	0.1205	−0.238%	$2.4M	$14.8M	20x	as long as short
Bitget POWERUSDTshort	+0.0100%	4h	0.1209	+0.035%	$3.3M	$508K	20x
BingX POWER-USDT	+0.0100%	4h	0.1210	+0.159%	—	$1.4M	—	as long as short
Variational Omni POWER	+0.0100%	4h	0.1209	+0.066%	$18K	$3K	—	as long as short