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

BX

RWAall BX markets
SwapBacktest
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 0.000%
Price spread now: Bybit against Bitget−0.142%7-day average −0.116% · you buy dearer than you sell
Net, funding: paid 7d − costs−$758as in the Funding arb table
Net, price: spread back to 7d avg − costs−$746as in the Price arb table
costs, in and out, $10k−$7437.430% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.147%−$15 on $10k
Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.142%, 7d avg −0.116%
Together, before fees−0.067%−$7 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: Bybit is 0.027% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.116%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BXUSDT126.420get 0.0000% / 8h6h 30m$898K$37K20x
ShortBybit BXUSDT126.240get 0.0000% / 8h6h 30m$485K$866K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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
$0
Price spread: −0.142% → −0.116%
−$2.66
Slippage, 4 orders
−$719.95
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$745.61
Costs to cover
7.430%
Break-even
never at this rate
Slippage from Bitget: live order book, 35 min ago; Bybit: live order book, 34 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, 35 min ago12.23 bp118.5 bp −$119157.4 bp −$1,574doesn't fitdoesn't fit
Sell Bybit live order book, 34 min ago2.77 bp93.2 bp −$93241.8 bp −$2,418doesn't fitdoesn't fit

BX on 14 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
tradeXYZ xyz:BX−0.0799%1h126.23−0.150%$664K$210K10xas long as short
Aster BXUSDT0.0000%8h126.20−0.170%$5K$2K20xas long as short
Bybit BXUSDTshort0.0000%8h126.24−0.142%$485K$866K25x
QFEX BX-USD0.0000%1h127.05+0.498%$1.1M$1.4M10xas long as short
Gate BX_USDT0.0000%8h126.39−0.024%$424K$27K20xas long as short
Bitget BXUSDTlong0.0000%8h126.42long leg$898K$37K20x
SunX BX-USDT0.0000%8h126.37−0.040%$511$307K10xas long as short
HTX BX-USDT0.0000%8h126.35−0.055%$7K$3K20xas long as short
OKX BX-USDT-SWAP+0.0127%8h126.47+0.040%$164K$113K20xas long as short
Injective BX/USDC PERP+0.0220%1h138.82+9.809%$4K$32K12xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT BX_USDT_Perp+0.0430%8h126.33−0.073%$390$119K10xas long as short
KuCoin BXUSDTM+0.0858%8h126.28−0.111%$115K$1.1M20xas long as short
Variational Omni BX+0.1115%8h126.26−0.130%$31K$127as long as short
Binance BXUSDT+0.1461%8h126.26−0.126%$789K$476K20xas long as short