Settings8H · net · $10k
Funding arb · Price arb /

BOT

RWAall BOT markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0871%/8h= −95.3% APRpaid last 24h +0.049%
Price spread now: tradeXYZ against Bitget−0.405%7-day average −0.373% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1341.343% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.463%+$46 on $10k
Price spread, last 4 days (all we have)−0.055%−$6 · spread now −0.405%, 7d avg −0.373%
Together, before fees+0.408%+ Points / potential airdroptradeXYZ: Active · farm board+$41 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and tradeXYZ is 0.031% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.373%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.463%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.463% in total (about 24.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BOTUSDT29.170−0.0133get 0.0133% / 8h18m 19s$242K$130K5x
ShorttradeXYZ xyz:BOT29.052−0.1004pay 0.0125% / 1h18m 19s$3.0M$800K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

tradeXYZ 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

Funding earned
−$182.81
Price spread: −0.405% → −0.373%
−$3.13
Slippage, 4 orders
−$104.3
Fee Bitget: 6 bp × 2 orders
−$12
Fee tradeXYZ: 9 bp × 2 orders
−$18
Net
−$320.24
Costs to cover
1.343%
Break-even
never at this rate
Slippage from Bitget: live order book, 11 min ago; tradeXYZ: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 11 min ago13.74 bp58.4 bp −$5892.8 bp −$928doesn't fitdoesn't fit
Sell tradeXYZ live order book, 10 min ago0.17 bp22.0 bp −$22doesn't fitdoesn't fitdoesn't fit

BOT on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX BOT-USDT-SWAP−0.1863%8h29.110−0.206%$232K$222K20xas long as short
tradeXYZ xyz:BOTshort−0.1004%1h29.052−0.405%$3.0M$800K10x
KuCoin BOTUSDTM−0.0874%8h29.080−0.309%$92K$407K20xas long as short
Binance BOTUSDT−0.0680%8h29.100−0.240%$457K$1.2M10xas long as short
Variational Omni BOT−0.0579%8h29.080−0.309%$33K$16Kas long as short
Bitget BOTUSDTlong−0.0133%8h29.170long leg$242K$130K5x
QFEX BOT-USD−0.0012%1h29.080−0.309%$1.2M$485K10xas long as short
Bybit BOTUSDT0.0000%8h29.060−0.377%$511K$576K25xas long as short
Gate BOT_USDT0.0000%8h29.1700.000%$250K$230K20xas long as short
Lighter BOT+0.0032%1h29.299+0.442%$67K$1K3xas long as short
Show all 12 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Arcus BOT-USD+0.0040%1h29.040−0.446%$3K$9K5xas long as short
HTX BOT-USDT+0.0100%8h29.094−0.261%$4K$34K10xas long as short