Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0040%/8h= +4.4% APRpaid last 24h +0.001%

Price spread now: Arcus against Bitget−0.055%7-day average −0.082% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$510.507% of the position

Long on Bitget Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.038%+$4 on $10k

Price spread, last 4 days (all we have)−0.057%−$6 · spread now −0.055%, 7d avg −0.082%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Arcus is 0.028% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BEUSDT	274.23	0	get 0.0000% / 8h	7m 01s	$1.7M	$2.6M	20x
Short	Arcus BE-USD	274.08	0.0040	get 0.0005% / 1h	7m 01s	$114K	$120K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.055%Rate

Funding earned: $8.46
Price spread: −0.055% → −0.082%: $2.76
Slippage, 4 orders: −$34.18
Fee Bitget: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$39.46
Costs to cover: 0.507%
Break-even: 39.7 days

Slippage from Bitget: live order book, 5 min ago; Arcus: live order book, 6 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	2.01 bp	17.7 bp −$18	29.9 bp −$299	doesn't fit	doesn't fit
Sell Arcus live order book, 6 min ago	1.83 bp	5.5 bp −$5	11.2 bp −$112	doesn't fit	doesn't fit

BE on 21 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
Aster BEUSDT	0.0000%	8h	274.54	+0.113%	$345K	$119K	20x	as long as short
Bybit BEUSDT	0.0000%	8h	274.22	−0.004%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	274.00	−0.084%	$1.5M	$3.7M	50x	as long as short
Bitget BEUSDTlong	0.0000%	8h	274.23	long leg	$1.7M	$2.6M	20x
SunX BE-USDT	0.0000%	8h	274.33	+0.036%	$933	$2.5M	10x	as long as short
HTX BE-USDT	0.0000%	8h	274.38	+0.055%	$13K	$33K	20x	as long as short
Lighter BE	+0.0032%	1h	274.06	−0.062%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	274.20	−0.011%	$250K	$380K	10x	as long as short
Arcus BE-USDshort	+0.0040%	1h	274.08	−0.055%	$114K	$120K	10x
Vest BE-USD-PERP	+0.0046%	1h	274.29	+0.022%	—	—	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:BE	+0.0050%	1h	274.17	−0.022%	$5.9M	$2.9M	10x	as long as short
QFEX BE-USD	+0.0073%	1h	274.23	0.000%	$1.3M	$3.8M	10x	as long as short
Extended BE-USD	+0.0080%	1h	274.25	+0.009%	$46K	$270K	10x	as long as short
Binance BEUSDT	+0.0082%	8h	274.35	+0.044%	$8.5M	$36.8M	25x	as long as short
Coinbase International BE-PERP-INTX	+0.0088%	1h	274.13	−0.036%	$469K	$117K	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	274.02	−0.077%	$370K	$23K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.14	−0.031%	—	—	10x	as long as short
GRVT BE_USDT_Perp	+0.0105%	8h	274.30	+0.025%	$6K	$182K	10x	as long as short
BloFin BE-USDT	+0.0202%	8h	274.26	+0.011%	$45K	$141K	20x	as long as short
OKX BE-USDT-SWAP	+0.0248%	8h	274.33	+0.036%	$2.6M	$6.9M	25x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0480%	1h	274.29	+0.022%	$7K	$4K	10x	as long as short