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: Bitget against Bybit+0.257%7-day average +0.213% · you sell dearer than you buy

Net, funding: paid 7d − costs−$225as in the Funding arb table

Net, price: spread back to 7d avg − costs−$223as in the Price arb table

costs, in and out, $10k−$2282.277% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.257%, 7d avg +0.213%

Together, before fees+0.021%+$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 0.044% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.213%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SAFEUSDT	0.1091	0.0100	pay 0.0050% / 4h	1h 21m	$1.3M	$615K	25x
Short	Bitget SAFEUSDT	0.1094	0.0100	get 0.0050% / 4h	1h 21m	$391K	$267K	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 +0.257%Rate

Funding earned: $0
Price spread: +0.257% → +0.213%: $4.39
Slippage, 4 orders: −$204.69
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$223.3
Costs to cover: 2.277%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 34 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, 5 min ago	4.13 bp	63.5 bp −$63	288.2 bp −$2,882	doesn't fit	doesn't fit
Sell Bitget live order book, 34 min ago	9.24 bp	55.0 bp −$55	182.9 bp −$1,829	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	−8.174%	$9	$19K	5.5x	as long as short
BloFin SAFE-USDT	+0.0093%	4h	0.1095	+0.339%	$74K	$6K	50x	as long as short
Binance SAFEUSDT	+0.0100%	4h	0.1094	+0.275%	$1.1M	$2.1M	50x	as long as short
Bybit SAFEUSDTlong	+0.0100%	4h	0.1091	long leg	$1.3M	$615K	25x
MEXC SAFE_USDT	+0.0100%	4h	0.1094	+0.284%	$400K	$129K	100x	as long as short
Bitget SAFEUSDTshort	+0.0100%	4h	0.1094	+0.257%	$391K	$267K	50x
BingX SAFE-USDT	+0.0100%	4h	0.1093	+0.165%	—	$6.5M	—	as long as short
Variational Omni SAFE	+0.0100%	4h	0.1089	−0.195%	$3K	$3K	—	as long as short
Gate SAFE_USDT	+0.0156%	4h	0.1094	+0.247%	$713K	$69K	50x	as long as short