Funding arb · Price arb /

TURBO

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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: Bybit against Bitget+0.122%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$1341.343% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.203%−$20 · spread now +0.122%, 7d avg +0.021%

Together, before fees−0.203%−$20 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: Bybit is 0.101% dearer against Bitget than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TURBOUSDT	0.001064	0.0100	pay 0.0050% / 4h	2h 31m	$1.0M	$470K	25x
Short	Bybit 1000TURBOUSDT	0.001065	0.0100	get 0.0050% / 4h	2h 31m	$401K	$732K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Bitget. 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 BitgetbpFee BybitbpOrdersPrice spread, now +0.122%Rate

Funding earned: $0
Price spread: +0.122% → +0.021%: $10.14
Slippage, 4 orders: −$111.3
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$124.16
Costs to cover: 1.343%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Bybit: live order book, 29 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 Bitget live order book, 5 min ago	9.39 bp	30.7 bp −$31	164.2 bp −$1,642	doesn't fit	doesn't fit
Sell Bybit live order book, 29 min ago	10.73 bp	38.8 bp −$39	132.5 bp −$1,325	doesn't fit	doesn't fit

TURBO on 13 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
Kraken Futures PF_TURBOUSD	−0.0080%	1h	0.001065	+0.099%	$68K	$28K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	+0.470%	$83	$4	5.5x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001066	+0.188%	$320K	$140K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001065	+0.080%	$10K	$19K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001065	+0.082%	$2.9M	$5.8M	50x	as long as short
Bybit 1000TURBOUSDTshort	+0.0100%	4h	0.001065	+0.122%	$401K	$732K	25x
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001065	+0.094%	$927K	$1.9M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001064	+0.019%	$400K	$242K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001065	+0.056%	$5.4M	$561K	20x	as long as short
KuCoin TURBOUSDTM	+0.0100%	4h	0.001064	+0.038%	$2.0M	$770K	20x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TURBOUSDTlong	+0.0100%	4h	0.001064	long leg	$1.0M	$470K	25x
BingX TURBO-USDT	+0.0100%	4h	0.001065	+0.056%	—	$7.7M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001064	+0.030%	$4K	$176K	5x	as long as short