Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.004%

Price spread now: Bitget against Binance+0.077%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$810.806% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days+0.061%+$6 · spread now +0.077%, 7d avg +0.041%

Together, before fees+0.073%+$7 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 0.036% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SUSDT	0.03932	0.0100	pay 0.0050% / 4h	2h 17m	$5.4M	$23.4M	75x
Short	Bitget SUSDT	0.03935	0.0100	get 0.0050% / 4h	2h 17m	$1.2M	$3.0M	50x

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 +0.077%Rate

Funding earned: $0
Price spread: +0.077% → +0.041%: $3.59
Slippage, 4 orders: −$58.6
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$77.01
Costs to cover: 0.806%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; Bitget: live order book, 5 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, 8 min ago	1.27 bp	18.2 bp −$18	59.6 bp −$596	2668.0 bp −$266.8K	doesn't fit
Sell Bitget live order book, 5 min ago	5.10 bp	18.0 bp −$18	60.8 bp −$608	doesn't fit	doesn't fit

S on 25 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
Kraken Futures PF_SUSD	−0.1451%	1h	0.03932	+0.010%	$33K	$30K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1264%	1h	0.03826	−2.695%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0936%	4h	0.03921	−0.285%	$610K	$34K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0190% / S +0.0184%	1h	0.03934	+0.041%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03932	−0.003%	$4	—	15x	as long as short
Orderly PERP_S_USDC	−0.0015%	4h	0.03933	+0.026%	$101K	$338K	10x	as long as short
01 Exchange SUSD	0.0000%	1h	0.03930	−0.050%	$24K	$3K	5x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03935	+0.067%	$606	—	150x	as long as short
Aster SUSDT	+0.0011%	4h	0.03935	+0.084%	$43K	$212K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.273%	$2K	$37K	12x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter S	+0.0096%	1h	0.03935	+0.077%	$165K	$240K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03931	−0.025%	$993K	$899K	5x	as long as short
Binance SUSDTlong	+0.0100%	4h	0.03932	long leg	$5.4M	$23.4M	75x
Bybit SUSDT	+0.0100%	4h	0.03926	−0.152%	$5.6M	$6.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03931	−0.025%	$979K	$7.3M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03929	−0.076%	$321K	$292K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03933	+0.026%	$3.5M	$2.6M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03928	−0.101%	$1.8M	$3.1M	50x	as long as short
Bitget SUSDTshort	+0.0100%	4h	0.03935	+0.077%	$1.2M	$3.0M	50x
BingX S-USDT	+0.0100%	4h	0.03931	−0.025%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03930	−0.050%	$25K	$471K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03930	−0.043%	$221K	$883K	10x	as long as short
Backpack S_USDC_PERP	+0.0315%	1h	0.03940	+0.204%	$115K	$294K	5x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03927	−0.127%	$267K	$159K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0512%	1h	0.03938	+0.153%	$66K	$10K	10x	as long as short