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

S

all S markets
SwapBacktest
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 +0.036%
Price spread now: Bitget against OKX+0.076%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$94as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1081.078% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.142%+$14 on $10k
Price spread, last 7 days−0.102%−$10 · spread now +0.076%, 7d avg +0.064%
Together, before fees+0.039%+$4 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX S-USDT-SWAP0.039230.0100pay 0.0050% / 4h2h 39m$965K$3.7M20x
ShortBitget SUSDT0.039260.0100get 0.0050% / 4h2h 39m$1.2M$2.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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: +0.076% → +0.064%
$1.29
Slippage, 4 orders
−$85.76
Fee OKX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$106.47
Costs to cover
1.078%
Break-even
never at this rate
Slippage from OKX: live order book, 3 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
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 3 min ago3.81 bp31.3 bp −$31doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 3 min ago6.34 bp19.5 bp −$2056.9 bp −$569doesn'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−0.8560%1h0.03840−2.116%$24K$2K5xas long as short
Kraken Futures PF_SUSD−0.1856%1h0.03918−0.125%$32K$14K10xas long as short
Coinbase International S-PERP-INTX−0.1232%1h0.03919−0.102%$48K$16K25xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.03927+0.105%$1K100xas long as short
Variational Omni S−0.0119%4h0.03931+0.201%$611K$30Kas long as short
Reya SRUSDPERP−0.0101%1h0.03919−0.110%$415xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03927+0.093%$605150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+4.512%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0083%4h0.03924+0.025%$97K$475K10xas long as short
Lighter S+0.0096%1h0.03929+0.153%$166K$138K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.03925+0.046%$986K$589K5xas long as short
Aster SUSDT+0.0100%4h0.03926+0.076%$46K$142K10xas long as short
Binance SUSDT+0.0100%4h0.03926+0.075%$5.5M$13.6M75xas long as short
Bybit SUSDT+0.0100%4h0.03918−0.127%$5.6M$4.4M50xas long as short
OKX S-USDT-SWAPlong+0.0100%4h0.03923long leg$965K$3.7M20x
Gate S_USDT+0.0100%4h0.03918−0.127%$319K$183K50xas long as short
MEXC S_USDT+0.0100%4h0.03926+0.076%$3.6M$1.7M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03924+0.025%$1.8M$2.7M50xas long as short
Bitget SUSDTshort+0.0100%4h0.03926+0.076%$1.2M$2.3M50x
BingX S-USDT+0.0100%4h0.03921−0.051%$6.8Mas long as short
ApeX Omni SUSDT+0.0100%1h0.03950+0.688%$4K$472K50xas long as short
Extended S-USD+0.0104%1h0.03921−0.045%$221K$595K10xas long as short
Deribit S_USDC-PERPETUAL+0.0259%1h0.03929+0.153%$66K$10K10xas long as short
BloFin S-USDT+0.0340%4h0.03919−0.102%$269K$106K75xas long as short
Backpack S_USDC_PERP+0.1933%1h0.03930+0.178%$114K$426K5xas long as short