Funding arb · Price arb /

SXT

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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 Binance−0.036%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$149as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1491.493% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.140%−$14 · spread now −0.036%, 7d avg −0.014%

Together, before fees−0.137%−$14 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 0.022% cheaper against Binance than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SXTUSDT	0.008866	0.0100	pay 0.0050% / 4h	1h 45m	$1.7M	$2.2M	25x
Short	Bitget SXTUSDT	0.008863	0.0100	get 0.0050% / 4h	1h 45m	$488K	$98K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → −0.014%: −$2.19
Slippage, 4 orders: −$127.33
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$151.52
Costs to cover: 1.493%
Break-even: never at this rate

Slippage from Binance: live order book, 4 min ago; Bitget: live order book, 10 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 Binance live order book, 4 min ago	3.37 bp	39.5 bp −$40	228.4 bp −$2,284	doesn't fit	doesn't fit
Sell Bitget live order book, 10 min ago	9.55 bp	32.1 bp −$32	273.2 bp −$2,732	doesn't fit	doesn't fit

SXT 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
BloFin SXT-USDT	+0.0057%	4h	0.008882	+0.178%	—	$12K	25x	as long as short
Aster SXTUSDT	+0.0100%	4h	0.009061	+2.200%	$6K	$245	5x	as long as short
Binance SXTUSDTlong	+0.0100%	4h	0.008866	long leg	$1.7M	$2.2M	25x
Bybit SXTUSDT	+0.0100%	4h	0.008855	−0.126%	$547K	$301K	13x	as long as short
MEXC SXT_USDT	+0.0100%	4h	0.008866	−0.002%	$2.0M	$120K	50x	as long as short
KuCoin SXTUSDTM	+0.0100%	4h	0.008870	+0.043%	$127K	$90K	25x	as long as short
Bitget SXTUSDTshort	+0.0100%	4h	0.008863	−0.036%	$488K	$98K	25x
BingX SXT-USDT	+0.0100%	4h	0.008868	+0.020%	—	$6.5M	—	as long as short
Variational Omni SXT	+0.0100%	4h	0.008879	+0.149%	$436	$4K	—	as long as short