Funding arb · Price arb /

S

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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 +0.006%

Price spread now: Bitget against Bybit+0.076%7-day average +0.116% · you sell dearer than you buy

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$930.933% of the position

Long on Bybit Short on Bitget

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+0.039%+$4 · spread now +0.076%, 7d avg +0.116%

Together, before fees−0.019%−$2 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 0.041% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.116%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SUSDT	0.03969	0.0100	pay 0.0050% / 4h	3h 44m	$5.7M	$5.0M	50x
Short	Bitget SUSDT	0.03972	0.0100	get 0.0050% / 4h	3h 44m	$1.2M	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.076%Rate

Funding earned: $0
Price spread: +0.076% → +0.116%: −$4.06
Slippage, 4 orders: −$70.34
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$97.41
Costs to cover: 0.933%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 3 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 Bybit live order book, 4 min ago	3.78 bp	27.6 bp −$28	103.7 bp −$1,037	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	3.77 bp	23.3 bp −$23	60.4 bp −$604	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
01 Exchange SUSD	−0.6080%	1h	0.03980	+0.277%	$25K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.2035%	1h	0.03971	+0.040%	$34K	$23K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1240%	1h	0.03826	−3.603%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0943%	4h	0.03974	+0.136%	$617K	$31K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.03970	+0.033%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03968	−0.022%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03972	+0.083%	$612	—	150x	as long as short
Orderly PERP_S_USDC	+0.0024%	4h	0.03970	+0.025%	$101K	$335K	10x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+3.301%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.03974	+0.126%	$161K	$190K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.03970	+0.038%	$994K	$647K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.03972	+0.072%	$43K	$141K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.03973	+0.092%	$5.4M	$16.2M	75x	as long as short
Bybit SUSDTlong	+0.0100%	4h	0.03969	long leg	$5.7M	$5.0M	50x
OKX S-USDT-SWAP	+0.0100%	4h	0.03971	+0.050%	$979K	$4.7M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03972	+0.076%	$325K	$216K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03970	+0.025%	$3.7M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03972	+0.076%	$1.8M	$2.9M	50x	as long as short
Bitget SUSDTshort	+0.0100%	4h	0.03972	+0.076%	$1.2M	$2.4M	50x
BingX S-USDT	+0.0100%	4h	0.03970	+0.025%	—	$6.7M	—	as long as short
Backpack S_USDC_PERP	+0.0100%	1h	0.03980	+0.277%	$116K	$317K	5x	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03970	+0.025%	$26K	$449K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03968	−0.021%	$223K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03971	+0.050%	$267K	$126K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0505%	1h	0.03977	+0.202%	$67K	$10K	10x	as long as short