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: Bitget against Bybit+0.256%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$128as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1281.285% 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 4 days (all we have)−0.030%−$3 · spread now +0.256%, 7d avg −0.022%

Together, before fees−0.030%−$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 0.278% dearer against Bybit than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit 1000TURBOUSDT	0.001053	0.0100	pay 0.0050% / 4h	51m 20s	$390K	$737K	25x
Short	Bitget TURBOUSDT	0.001056	0.0100	get 0.0050% / 4h	51m 20s	$1.0M	$488K	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 +0.256%Rate

Funding earned: $0
Price spread: +0.256% → −0.022%: $27.79
Slippage, 4 orders: −$105.48
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$100.69
Costs to cover: 1.285%
Break-even: never at this rate

Slippage from Bybit: live order book, 64 min ago; Bitget: live order book, 5 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, 64 min ago	9.86 bp	34.0 bp −$34	197.9 bp −$1,979	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	4.71 bp	24.4 bp −$24	112.7 bp −$1,127	doesn't fit	doesn't fit

TURBO on 14 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	−0.0514%	1h	0.001054	+0.075%	$67K	$28K	20x	as long as short
Injective TURBO/USDC PERP	+0.0033%	1h	0.001069	+1.491%	$83	$4	5.5x	as long as short
Hyperliquid TURBO	+0.0100%	1h	0.001055	+0.161%	$313K	$142K	3x	as long as short
Aster TURBOUSDT	+0.0100%	4h	0.001055	+0.151%	$9K	$20K	10x	as long as short
Binance TURBOUSDT	+0.0100%	4h	0.001054	+0.036%	$2.9M	$5.8M	50x	as long as short
Bybit 1000TURBOUSDTlong	+0.0100%	4h	0.001053	long leg	$390K	$737K	25x
OKX TURBO-USDT-SWAP	+0.0100%	4h	0.001052	−0.114%	$914K	$1.9M	20x	as long as short
Gate TURBO_USDT	+0.0100%	4h	0.001053	−0.047%	$398K	$253K	25x	as long as short
MEXC TURBO_USDT	+0.0100%	4h	0.001054	+0.047%	$5.4M	$559K	20x	as long as short
KuCoin TURBOUSDTM	+0.0100%	4h	0.001054	+0.076%	$1.9M	$806K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TURBOUSDTshort	+0.0100%	4h	0.001056	+0.256%	$1.0M	$488K	25x
BingX TURBO-USDT	+0.0100%	4h	0.001053	−0.038%	—	$7.7M	—	as long as short
Extended TURBO-USD	+0.0104%	1h	0.001053	−0.037%	$400	$168K	5x	as long as short
BloFin TURBO-USDT	+0.0114%	4h	0.001054	+0.104%	$157K	$425K	75x	as long as short