Funding arb · Price arb /

BX

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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: OKX against Bitget+0.206%7-day average −0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$961as in the Funding arb table

Net, price: spread back to 7d avg − costs−$923as in the Price arb table

costs, in and out, $10k−$9539.532% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$7 on $10k

Price spread, last 4 days (all we have)−0.283%−$28 · spread now +0.206%, 7d avg −0.094%

Together, before fees−0.357%−$36 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: OKX is 0.300% dearer against Bitget than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of −0.094%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BXUSDT	126.20	0	get 0.0000% / 8h	2h 25m	$900K	$50K	20x
Short	OKX BX-USDT-SWAP	126.46	0	get 0.0000% / 8h	2h 25m	$159K	$102K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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

Position, each leg$Hold fordaysFee BitgetbpFee OKXbpOrdersPrice spread, now +0.206%Rate

Funding earned: $0
Price spread: +0.206% → −0.094%: $30.02
Slippage, 4 orders: −$931.2
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$923.17
Costs to cover: 9.532%
Break-even: never at this rate

Slippage from Bitget: live order book, 60 min ago; OKX: live order book, 59 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 Bitget live order book, 60 min ago	4.74 bp	663.4 bp −$663	924.7 bp −$9,247	doesn't fit	doesn't fit
Sell OKX live order book, 59 min ago	9.48 bp	31.5 bp −$32	doesn't fit	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
Injective BX/USDC PERP	−0.0220%	1h	126.23	+0.024%	$2K	$27K	12x	as long as short
Aster BXUSDT	0.0000%	8h	126.10	−0.082%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.42	+0.174%	$500K	$864K	25x	as long as short
OKX BX-USDT-SWAPshort	0.0000%	8h	126.46	+0.206%	$159K	$102K	20x
Gate BX_USDT	0.0000%	8h	126.42	+0.174%	$425K	$20K	20x	as long as short
Bitget BXUSDTlong	0.0000%	8h	126.20	long leg	$900K	$50K	20x
SunX BX-USDT	0.0000%	8h	126.37	+0.135%	$1K	$302K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.44	+0.190%	$7K	$3K	20x	as long as short
QFEX BX-USD	+0.0018%	1h	128.47	+1.799%	$1.1M	$1.2M	10x	as long as short
Variational Omni BX	+0.0096%	8h	126.53	+0.261%	$31K	$127	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BXUSDTM	+0.0105%	8h	126.36	+0.127%	$113K	$1.2M	20x	as long as short
Binance BXUSDT	+0.0375%	8h	126.38	+0.143%	$804K	$453K	20x	as long as short
tradeXYZ xyz:BX	+0.0821%	1h	126.30	+0.079%	$663K	$175K	10x	as long as short
GRVT BX_USDT_Perp	+0.1165%	8h	126.41	+0.166%	$440	$128K	10x	as long as short