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

S

all S markets
SwapBacktest
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 −0.006%
Price spread now: Bybit against Bitget−0.122%7-day average −0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$100as in the Price arb table
costs, in and out, $10k−$1000.996% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.057%+$6 on $10k
Price spread, last 7 days+0.033%+$3 · spread now −0.122%, 7d avg −0.115%
Together, before fees+0.091%+$9 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SUSDT0.040920.0100pay 0.0050% / 4h1h 18m$1.2M$2.1M50x
ShortBybit SUSDT0.040870.0100get 0.0050% / 4h1h 18m$5.9M$4.5M50x

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: −0.122% → −0.115%
−$0.76
Slippage, 4 orders
−$76.56
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$100.32
Costs to cover
0.996%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 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, 3 min ago7.30 bp27.6 bp −$2892.5 bp −$925doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago3.66 bp28.6 bp −$2982.7 bp −$827doesn't fitdoesn't fit

S on 25 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
01 Exchange SUSD−1.1576%1h0.03950−3.470%$24K$2K5xas long as short
Kraken Futures PF_SUSD−0.1678%1h0.04094+0.040%$34K$16K10xas long as short
Coinbase International S-PERP-INTX−0.1456%1h0.04022−1.711%$48K$16K25xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04099+0.181%$1K100xas long as short
Variational Omni S−0.0135%4h0.04099+0.165%$636K$31Kas long as short
Reya SRUSDPERP−0.0101%1h0.04097+0.121%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04100+0.189%$3K150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+0.196%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0068%4h0.04098+0.147%$102K$332K10xas long as short
Lighter S+0.0096%1h0.04102+0.244%$172K$157K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04099+0.181%$1.0M$554K5xas long as short
Aster SUSDT+0.0100%4h0.04098+0.155%$45K$133K10xas long as short
Binance SUSDT+0.0100%4h0.04093+0.024%$5.7M$13.7M75xas long as short
Bybit SUSDTshort+0.0100%4h0.04087−0.122%$5.9M$4.5M50x
OKX S-USDT-SWAP+0.0100%4h0.04090−0.049%$1.1M$3.9M20xas long as short
Gate S_USDT+0.0100%4h0.04100+0.196%$337K$201K50xas long as short
MEXC S_USDT+0.0100%4h0.04095+0.073%$4.0M$1.8M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04087−0.122%$1.9M$2.7M50xas long as short
Bitget SUSDTlong+0.0100%4h0.04092long leg$1.2M$2.1M50x
BingX S-USDT+0.0100%4h0.04090−0.049%$6.7Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04110+0.440%$25K$449K50xas long as short
Extended S-USD+0.0104%1h0.04089−0.081%$231K$1.1M10xas long as short
BloFin S-USDT+0.0340%4h0.04096+0.098%$285K$104K75xas long as short
Deribit S_USDC-PERPETUAL+0.0726%1h0.04101+0.220%$69K$10K10xas long as short
Backpack S_USDC_PERP+0.1615%1h0.04110+0.440%$121K$373K5xas long as short