Funding arb · Price arb /

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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+0.005%7-day average −0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1661.656% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.134%−$13 · spread now +0.005%, 7d avg −0.062%

Together, before fees−0.134%−$13 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 0.068% dearer against Bybit than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.062%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SENTUSDT	0.01923	0.0100	pay 0.0050% / 4h	2h 33m	$2.0M	$1.0M	50x
Short	Bitget SENTUSDT	0.01923	0.0100	get 0.0050% / 4h	2h 33m	$1.1M	$352K	20x

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 +0.005%Rate

Funding earned: $0
Price spread: +0.005% → −0.062%: $6.76
Slippage, 4 orders: −$142.64
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$158.88
Costs to cover: 1.656%
Break-even: never at this rate

Slippage from Bybit: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 3 min ago	5.20 bp	39.7 bp −$40	116.5 bp −$1,165	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	7.80 bp	36.7 bp −$37	148.0 bp −$1,480	doesn't fit	doesn't fit

SENT on 10 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
Aster SENTUSDT	+0.0100%	4h	0.01922	−0.028%	$8K	$6K	5x	as long as short
Binance SENTUSDT	+0.0100%	4h	0.01923	+0.006%	$6.2M	$3.2M	75x	as long as short
Bybit SENTUSDTlong	+0.0100%	4h	0.01923	long leg	$2.0M	$1.0M	50x
OKX SENT-USDT-SWAP	+0.0100%	4h	0.01922	−0.047%	$1.1M	$786K	50x	as long as short
Gate SENT_USDT	+0.0100%	4h	0.01923	+0.005%	$270K	$81K	50x	as long as short
MEXC SENT_USDT	+0.0100%	4h	0.01922	−0.047%	$480K	$240K	20x	as long as short
KuCoin SENTUSDTM	+0.0100%	4h	0.01919	−0.203%	$575K	$121K	50x	as long as short
Bitget SENTUSDTshort	+0.0100%	4h	0.01923	+0.005%	$1.1M	$352K	20x
BingX SENT-USDT	+0.0100%	4h	0.01923	+0.005%	—	$1.8M	—	as long as short
SunX SENT-USDT	+0.0100%	4h	0.01920	−0.151%	$3K	$1.2M	20x	as long as short