Funding arb · Price arb /

SXT

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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+0.170%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$255as in the Funding arb table

Net, price: spread back to 7d avg − costs−$250as in the Price arb table

costs, in and out, $10k−$2642.639% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.093%+$9 on $10k

Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.170%, 7d avg +0.035%

Together, before fees−0.026%−$3 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 0.135% dearer against Bybit than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit SXTUSDT	0.008831	0.0100	pay 0.0050% / 4h	2h 31m	$547K	$315K	13x
Short	Bitget SXTUSDT	0.008846	0.0100	get 0.0050% / 4h	2h 31m	$479K	$116K	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 +0.170%Rate

Funding earned: $0
Price spread: +0.170% → +0.035%: $13.51
Slippage, 4 orders: −$240.95
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$250.44
Costs to cover: 2.639%
Break-even: never at this rate

Slippage from Bybit: live order book, 8 min ago; Bitget: live order book, 9 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, 8 min ago	3.96 bp	94.7 bp −$95	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 9 min ago	9.62 bp	21.9 bp −$22	219.6 bp −$2,196	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	+0.0055%	4h	0.008853	+0.249%	$111K	$12K	25x	as long as short
Aster SXTUSDT	+0.0100%	4h	0.008668	−1.849%	$5K	$245	5x	as long as short
Binance SXTUSDT	+0.0100%	4h	0.008835	+0.044%	$1.7M	$2.2M	25x	as long as short
Bybit SXTUSDTlong	+0.0100%	4h	0.008831	long leg	$547K	$315K	13x
MEXC SXT_USDT	+0.0100%	4h	0.008837	+0.068%	$1.9M	$121K	50x	as long as short
KuCoin SXTUSDTM	+0.0100%	4h	0.008840	+0.102%	$127K	$84K	25x	as long as short
Bitget SXTUSDTshort	+0.0100%	4h	0.008846	+0.170%	$479K	$116K	25x
BingX SXT-USDT	+0.0100%	4h	0.008833	+0.023%	—	$6.5M	—	as long as short
Variational Omni SXT	+0.0100%	4h	0.008855	+0.273%	$436	$5K	—	as long as short