Funding arb · Price arb /

SAFE

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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 0.000%

Price spread now: Bybit against Bitget−0.172%7-day average −0.212% · you buy dearer than you sell

Net, funding: paid 7d − costs−$218as in the Funding arb table

Net, price: spread back to 7d avg − costs−$212as in the Price arb table

costs, in and out, $10k−$2162.158% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now −0.172%, 7d avg −0.212%

Together, before fees−0.111%−$11 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: Bybit is 0.041% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.212%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SAFEUSDT	0.1107	0.0100	pay 0.0050% / 4h	5m 13s	$393K	$275K	50x
Short	Bybit SAFEUSDT	0.1105	0.0100	get 0.0050% / 4h	5m 13s	$1.4M	$629K	25x

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

Position, each leg$Hold fordaysFee BitgetbpFee BybitbpOrdersPrice spread, now −0.172%Rate

Funding earned: $0
Price spread: −0.172% → −0.212%: $4.07
Slippage, 4 orders: −$192.81
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$211.73
Costs to cover: 2.158%
Break-even: never at this rate

Slippage from Bitget: live order book, 45 min ago; Bybit: live order book, 1 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 Bitget live order book, 45 min ago	9.24 bp	33.4 bp −$33	221.9 bp −$2,219	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	4.98 bp	62.0 bp −$62	212.3 bp −$2,123	doesn't fit	doesn't fit

SAFE on 9 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
Injective SAFE/USDC PERP	+0.0033%	1h	0.1002	−9.485%	$9	$19K	5.5x	as long as short
BloFin SAFE-USDT	+0.0098%	4h	0.1107	+0.036%	$74K	$6K	50x	as long as short
Binance SAFEUSDT	+0.0100%	4h	0.1108	+0.079%	$1.1M	$2.2M	50x	as long as short
Bybit SAFEUSDTshort	+0.0100%	4h	0.1105	−0.172%	$1.4M	$629K	25x
Gate SAFE_USDT	+0.0100%	4h	0.1108	+0.090%	$722K	$70K	50x	as long as short
MEXC SAFE_USDT	+0.0100%	4h	0.1108	+0.090%	$416K	$130K	100x	as long as short
Bitget SAFEUSDTlong	+0.0100%	4h	0.1107	long leg	$393K	$275K	50x
BingX SAFE-USDT	+0.0100%	4h	0.1106	−0.045%	—	$6.5M	—	as long as short
Variational Omni SAFE	+0.0100%	4h	0.1104	−0.234%	$3K	$3K	—	as long as short