Funding arb · Price arb /

BE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against HTX−0.080%46s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.080% cheaper against HTX than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX BE-USDT	274.51	0	get 0.0000% / 8h	29m 26s	$13K	$33K	20x
Short	Bitget BEUSDT	274.29	0	get 0.0000% / 8h	29m 26s	$1.7M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against HTX. 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 HTXbpFee BitgetbpOrdersPrice spread, now −0.080%Rate

Funding earned: $0
Price spread: −0.080% → 0.000%: −$8.01
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$32.01
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: HTX: no order-book sample; Bitget: live order book, 3 min ago. Net counts fees only.

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 HTX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	2.37 bp	16.9 bp −$17	38.0 bp −$380	doesn't fit	doesn't fit

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	274.65	+0.051%	$345K	$118K	20x	as long as short
Bybit BEUSDT	0.0000%	8h	274.29	−0.080%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	274.10	−0.149%	$1.5M	$3.7M	50x	as long as short
Bitget BEUSDTshort	0.0000%	8h	274.29	−0.080%	$1.7M	$2.7M	20x
SunX BE-USDT	0.0000%	8h	274.36	−0.055%	$1K	$2.6M	10x	as long as short
HTX BE-USDTlong	0.0000%	8h	274.51	long leg	$13K	$33K	20x
Lighter BE	+0.0032%	1h	274.07	−0.160%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	274.26	−0.091%	$250K	$380K	10x	as long as short
Arcus BE-USD	+0.0040%	1h	274.15	−0.131%	$114K	$122K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	274.28	−0.084%	—	—	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	274.11	−0.146%	$5.9M	$2.9M	10x	as long as short
QFEX BE-USD	+0.0073%	1h	274.31	−0.073%	$1.3M	$3.8M	10x	as long as short
Coinbase International BE-PERP-INTX	+0.0088%	1h	274.13	−0.138%	$469K	$123K	10x	as long as short
Extended BE-USD	+0.0096%	1h	274.34	−0.062%	$46K	$270K	10x	as long as short
Binance BEUSDT	+0.0098%	8h	274.37	−0.050%	$8.5M	$36.9M	25x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	274.16	−0.127%	$370K	$23K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	274.35	−0.058%	—	—	10x	as long as short
GRVT BE_USDT_Perp	+0.0138%	8h	274.41	−0.036%	$6K	$182K	10x	as long as short
BloFin BE-USDT	+0.0218%	8h	274.35	−0.058%	$45K	$141K	20x	as long as short
OKX BE-USDT-SWAP	+0.0249%	8h	274.55	+0.015%	$2.6M	$6.8M	25x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0589%	1h	274.33	−0.066%	$7K	$4K	10x	as long as short