Funding arb · Price arb /

BX

RWAall BX markets

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: Bitget against Bybit−0.142%7-day average +0.111% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,135as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,175as in the Price arb table

costs, in and out, $10k−$1,14911.494% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.148%+$15 on $10k

Price spread, last 4 days (all we have)+0.263%+$26 · spread now −0.142%, 7d avg +0.111%

Together, before fees+0.412%+$41 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 0.253% cheaper against Bybit than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.111%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BXUSDT	126.41	0	get 0.0000% / 8h	2h 34m	$501K	$863K	25x
Short	Bitget BXUSDT	126.23	0	get 0.0000% / 8h	2h 34m	$900K	$50K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now −0.142%Rate

Funding earned: $0
Price spread: −0.142% → +0.111%: −$25.33
Slippage, 4 orders: −$1,126.43
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$1,174.77
Costs to cover: 11.494%
Break-even: never at this rate

Slippage from Bybit: live order book, 51 min ago; Bitget: live order book, 51 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 Bybit live order book, 51 min ago	2.77 bp	147.2 bp −$147	307.1 bp −$3,071	doesn't fit	doesn't fit
Sell Bitget live order book, 51 min ago	4.74 bp	218.1 bp −$218	643.9 bp −$6,439	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	−0.142%	$2K	$27K	12x	as long as short
Aster BXUSDT	0.0000%	8h	126.21	−0.158%	$5K	$2K	20x	as long as short
Bybit BXUSDTlong	0.0000%	8h	126.41	long leg	$501K	$863K	25x
OKX BX-USDT-SWAP	0.0000%	8h	126.39	−0.016%	$159K	$101K	20x	as long as short
Gate BX_USDT	0.0000%	8h	126.47	+0.047%	$425K	$20K	20x	as long as short
Bitget BXUSDTshort	0.0000%	8h	126.23	−0.142%	$900K	$50K	20x
SunX BX-USDT	0.0000%	8h	126.54	+0.103%	$1K	$301K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.85	+0.348%	$7K	$3K	20x	as long as short
QFEX BX-USD	+0.0018%	1h	130.33	+3.101%	$1.1M	$1.2M	10x	as long as short
Variational Omni BX	+0.0032%	8h	126.54	+0.099%	$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	+0.0100%	8h	126.44	+0.024%	$113K	$1.2M	20x	as long as short
Binance BXUSDT	+0.0257%	8h	126.53	+0.095%	$805K	$451K	20x	as long as short
tradeXYZ xyz:BX	+0.0687%	1h	126.42	+0.008%	$665K	$171K	10x	as long as short
GRVT BX_USDT_Perp	+0.0959%	8h	126.51	+0.079%	$896	$129K	10x	as long as short