Funding arb · Price arb /

BX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0302%/8h= −33.1% APRpaid last 24h +0.011%

Price spread now: tradeXYZ against Bitget−0.150%7-day average −0.185% · you buy dearer than you sell

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

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days−0.034%−$3 on $10k

Price spread, last 4 days (all we have)−0.025%−$2 · spread now −0.150%, 7d avg −0.185%

Together, before fees−0.059%+ Points / potential airdroptradeXYZ: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. tradeXYZ is 0.034% dearer against Bitget than usual: you sell high and buy low (spread −0.150% now, against its 7-day average of −0.185%): +$3 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.034% in total) that is about 7.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.034% in total (about -1.8% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BXUSDT	126.39	0	get 0.0000% / 8h	3h 46m	$899K	$37K	20x
Short	tradeXYZ xyz:BX	126.20	−0.0302	pay 0.0038% / 1h	46m 49s	$664K	$215K	10x

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

Position, each leg$Hold fordaysFee BitgetbpFee tradeXYZbpOrdersPrice spread, now −0.150%Rate

Funding earned: −$63.46
Price spread: −0.150% → −0.185%: $3.43
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$90.03
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 4 min ago; tradeXYZ: live order book, 40 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 Bitget live order book, 4 min ago	15.82 bp	62.5 bp −$63	164.8 bp −$1,648	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 40 min ago	2.77 bp	28.3 bp −$28	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
tradeXYZ xyz:BXshort	−0.0302%	1h	126.20	−0.150%	$664K	$215K	10x
Aster BXUSDT	0.0000%	8h	126.20	−0.150%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.25	−0.111%	$484K	$837K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.24	−0.119%	$163K	$112K	20x	as long as short
QFEX BX-USD	0.0000%	1h	127.04	+0.514%	$1.1M	$1.5M	10x	as long as short
Gate BX_USDT	0.0000%	8h	126.37	−0.016%	$422K	$28K	20x	as long as short
Bitget BXUSDTlong	0.0000%	8h	126.39	long leg	$899K	$37K	20x
GRVT BX_USDT_Perp	0.0000%	8h	126.29	−0.080%	$803	$109K	10x	as long as short
SunX BX-USDT	0.0000%	8h	126.25	−0.111%	$607	$317K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.53	+0.111%	$7K	$3K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BXUSDTM	+0.0100%	8h	126.11	−0.222%	$114K	$912K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.771%	$4K	$32K	12x	as long as short
Variational Omni BX	+0.0250%	8h	126.24	−0.116%	$43K	$12K	—	as long as short
Binance BXUSDT	+0.0379%	8h	126.24	−0.119%	$777K	$489K	20x	as long as short