Funding arb · Price arb /

BX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.165%

Price spread now: Bitget against Binance+0.066%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$196as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1901.898% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 2 days (all we have)−0.141%−$14 · spread now +0.066%, 7d avg +0.030%

Together, before fees−0.207%−$21 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 0.035% dearer against Binance than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BXUSDT	126.39	0	get 0.0000% / 8h	46m 50s	$773K	$480K	20x
Short	Bitget BXUSDT	126.47	0	get 0.0000% / 8h	46m 50s	$899K	$31K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → +0.030%: $3.51
Slippage, 4 orders: −$167.81
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$186.3
Costs to cover: 1.898%
Break-even: never at this rate

Slippage from Binance: live order book, 30 min ago; Bitget: live order book, 54 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 Binance live order book, 30 min ago	1.19 bp	32.0 bp −$32	140.5 bp −$1,405	doesn't fit	doesn't fit
Sell Bitget live order book, 54 min ago	14.24 bp	42.0 bp −$42	68.3 bp −$683	doesn't fit	doesn't fit

BX 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
Aster BXUSDT	0.0000%	8h	126.27	−0.093%	$5K	$868	20x	as long as short
Binance BXUSDTlong	0.0000%	8h	126.39	long leg	$773K	$480K	20x
Bybit BXUSDT	0.0000%	8h	126.35	−0.029%	$482K	$803K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.32	−0.053%	$163K	$111K	20x	as long as short
QFEX BX-USD	0.0000%	1h	126.91	+0.414%	$1.1M	$1.4M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.46	+0.058%	$422K	$25K	20x	as long as short
Bitget BXUSDTshort	0.0000%	8h	126.47	+0.066%	$899K	$31K	20x
Variational Omni BX	0.0000%	8h	126.36	−0.020%	$43K	$12K	—	as long as short
SunX BX-USDT	0.0000%	8h	126.37	−0.014%	$958	$285K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.42	+0.026%	$7K	$4K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BX_USDT_Perp	+0.0037%	8h	126.45	+0.047%	$1K	$101K	10x	as long as short
tradeXYZ xyz:BX	+0.0050%	1h	126.33	−0.045%	$665K	$223K	10x	as long as short
KuCoin BXUSDTM	+0.0100%	8h	126.17	−0.172%	$110K	$782K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.774%	$4K	$32K	12x	as long as short