Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0088%/8h= −9.6% APRpaid last 24h −0.046%

Price spread now: Bitget against Coinbase International+0.489%7-day average +0.244% · you sell dearer than you buy

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$540.543% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.193%−$19 on $10k

Price spread, last 3 days (all we have)−0.465%−$47 · spread now +0.489%, 7d avg +0.244%

Together, before fees−0.658%−$66 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.245% dearer against Coinbase International than usual: you sell high and buy low (spread +0.489% now, against its 7-day average of +0.244%): +$24 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 9.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International BE-PERP-INTX	272.24	0.0088	pay 0.0011% / 1h	57m 21s	$467K	$120K	10x
Short	Bitget BEUSDT	273.57	0	get 0.0000% / 8h	57m 21s	$1.7M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Coinbase International. 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 Coinbase InternationalbpFee BitgetbpOrdersPrice spread, now +0.489%Rate

Funding earned: −$18.48
Price spread: +0.489% → +0.244%: $24.49
Slippage, 4 orders: −$32.3
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$48.29
Costs to cover: 0.543%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 21 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 Coinbase International live order book, 21 min ago	5.86 bp	12.9 bp −$13	19.5 bp −$195	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.19 bp	18.4 bp −$18	39.8 bp −$398	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	273.40	+0.426%	$344K	$117K	20x	as long as short
Bybit BEUSDT	0.0000%	8h	273.72	+0.544%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	273.40	+0.426%	$1.5M	$3.7M	50x	as long as short
Bitget BEUSDTshort	0.0000%	8h	273.57	+0.489%	$1.7M	$2.7M	20x
SunX BE-USDT	0.0000%	8h	273.70	+0.536%	$936	$2.6M	10x	as long as short
HTX BE-USDT	0.0000%	8h	273.54	+0.478%	$13K	$33K	20x	as long as short
Binance BEUSDT	+0.0007%	8h	273.74	+0.552%	$8.5M	$37.1M	25x	as long as short
Extended BE-USD	+0.0008%	1h	273.68	+0.528%	$46K	$270K	10x	as long as short
Lighter BE	+0.0032%	1h	273.32	+0.397%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	273.60	+0.500%	$249K	$380K	10x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BE_USDT_Perp	+0.0039%	8h	273.44	+0.441%	$7K	$188K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	273.39	+0.422%	$114K	$134K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	273.59	+0.496%	—	—	10x	as long as short
QFEX BE-USD	+0.0073%	1h	273.66	+0.522%	$1.3M	$3.8M	10x	as long as short
Coinbase International BE-PERP-INTXlong	+0.0088%	1h	272.24	long leg	$467K	$120K	10x
KuCoin BEUSDTM	+0.0100%	8h	273.66	+0.522%	$370K	$23K	20x	as long as short
BloFin BE-USDT	+0.0101%	8h	273.59	+0.496%	$45K	$140K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	273.68	+0.527%	—	—	10x	as long as short
OKX BE-USDT-SWAP	+0.0183%	8h	273.78	+0.566%	$2.6M	$6.8M	25x	as long as short
tradeXYZ xyz:BE	+0.0206%	1h	273.49	+0.459%	$5.9M	$2.9M	10x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0957%	1h	273.69	+0.533%	$7K	$4K	10x	as long as short