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 −0.018%

Price spread now: Bitget against Gate−0.040%7-day average +0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$943as in the Funding arb table

Net, price: spread back to 7d avg − costs−$954as in the Price arb table

costs, in and out, $10k−$9419.412% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.056%+$6 · spread now −0.040%, 7d avg +0.090%

Together, before fees+0.038%+$4 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 0.129% cheaper against Gate than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.090%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BX_USDT	126.47	0	get 0.0000% / 8h	2h 55m	$425K	$20K	20x
Short	Bitget BXUSDT	126.42	0	get 0.0000% / 8h	2h 55m	$902K	$50K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → +0.090%: −$12.93
Slippage, 4 orders: −$914.19
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$954.12
Costs to cover: 9.412%
Break-even: never at this rate

Slippage from Gate: live order book, 30 min ago; Bitget: live order book, 30 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 Gate live order book, 30 min ago	13.43 bp	33.0 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 30 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	125.09	−1.091%	$2K	$26K	12x	as long as short
Aster BXUSDT	0.0000%	8h	126.11	−0.283%	$5K	$2K	20x	as long as short
Binance BXUSDT	0.0000%	8h	126.56	+0.071%	$807K	$453K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.52	+0.040%	$501K	$850K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.39	−0.063%	$159K	$101K	20x	as long as short
Gate BX_USDTlong	0.0000%	8h	126.47	long leg	$425K	$20K	20x
Bitget BXUSDTshort	0.0000%	8h	126.42	−0.040%	$902K	$50K	20x
Variational Omni BX	0.0000%	8h	126.61	+0.114%	$31K	$127	—	as long as short
SunX BX-USDT	0.0000%	8h	126.54	+0.055%	$1K	$300K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.67	+0.158%	$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
QFEX BX-USD	+0.0018%	1h	128.07	+1.265%	$1.1M	$1.2M	10x	as long as short
tradeXYZ xyz:BX	+0.0050%	1h	126.46	−0.008%	$665K	$170K	10x	as long as short
KuCoin BXUSDTM	+0.0100%	8h	126.30	−0.134%	$112K	$1.2M	20x	as long as short
GRVT BX_USDT_Perp	+0.0504%	8h	126.48	+0.004%	$802	$132K	10x	as long as short