Funding arb · Price arb /

STABLE

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Swap Backtest

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 0.000%

Price spread now: Bitget against Bybit+0.045%7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$183as in the Funding arb table

Net, price: spread back to 7d avg − costs−$200as in the Price arb table

costs, in and out, $10k−$2092.090% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.263%+$26 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.045%, 7d avg −0.047%

Together, before fees+0.150%+$15 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 0.092% dearer against Bybit than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit STABLEUSDT	0.02440	0.0100	pay 0.0050% / 4h	43m 26s	$1.5M	$754K	25x
Short	Bitget STABLEUSDT	0.02441	0.0100	get 0.0050% / 4h	43m 26s	$282K	$92K	25x

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 +0.045%Rate

Funding earned: $0
Price spread: +0.045% → −0.047%: $9.2
Slippage, 4 orders: −$185.99
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$199.8
Costs to cover: 2.090%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 52 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	4.10 bp	29.4 bp −$29	473.4 bp −$4,734	doesn't fit	doesn't fit
Sell Bitget live order book, 52 min ago	6.14 bp	68.9 bp −$69	272.1 bp −$2,721	doesn't fit	doesn't fit

STABLE on 15 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
BloFin STABLE-USDT	+0.0057%	4h	0.02436	−0.160%	$113K	$10K	75x	as long as short
Lighter STABLE	+0.0096%	1h	0.02453	+0.516%	$113K	$10K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02438	−0.078%	$856K	$180K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02438	−0.060%	$18K	$9K	20x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02436	−0.158%	$2.5M	$2.7M	75x	as long as short
Bybit STABLEUSDTlong	+0.0100%	4h	0.02440	long leg	$1.5M	$754K	25x
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02437	−0.119%	$213K	$425K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02439	−0.037%	$174K	$56K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02437	−0.119%	$582K	$163K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02445	+0.209%	$179K	$27K	30x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget STABLEUSDTshort	+0.0100%	4h	0.02441	+0.045%	$282K	$92K	25x
BingX STABLE-USDT	+0.0100%	4h	0.02440	+0.004%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02441	+0.046%	$143K	$8K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02440	+0.012%	$2K	$924K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02436	−0.173%	$13K	$187K	10x	as long as short