Funding arb · Price arb /

COST

RWAall COST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.018%

Price spread now: tradeXYZ against Bitget−0.019%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$570.572% of the position

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.019%, 7d avg −0.079%

Together, before fees+0.014%+ Points / potential airdroptradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.060% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COSTUSDT	898.80	0	get 0.0000% / 8h	40m 30s	$397K	$125K	25x
Short	tradeXYZ xyz:COST	898.63	0.0050	get 0.0006% / 1h	40m 30s	$1.8M	$531K	20x

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 −0.019%Rate

Funding earned: $10.5
Price spread: −0.019% → −0.079%: $6.03
Slippage, 4 orders: −$27.15
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$40.63
Costs to cover: 0.572%
Break-even: 34.1 days

Slippage from Bitget: live order book, 30 min ago; tradeXYZ: live order book, 7 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, 30 min ago	4.95 bp	19.8 bp −$20	31.1 bp −$311	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 7 min ago	1.17 bp	13.9 bp −$14	doesn't fit	doesn't fit	doesn't fit

COST on 15 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
Aster COSTUSDT	0.0000%	8h	898.17	−0.070%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	899.04	+0.027%	$470K	$193K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.03	+0.026%	$439K	$136K	10x	as long as short
Gate COST_USDT	0.0000%	8h	899.47	+0.075%	$523K	$26K	25x	as long as short
Bitget COSTUSDTlong	0.0000%	8h	898.80	long leg	$397K	$125K	25x
SunX COST-USDT	0.0000%	8h	898.60	−0.022%	$402	$3.3M	10x	as long as short
HTX COST-USDT	0.0000%	8h	900.46	+0.185%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0029%	1h	898.94	+0.016%	$1.1M	$3.1M	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.759%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.31	−0.055%	—	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest COST-USD-PERP	+0.0046%	1h	898.25	−0.061%	—	—	25x	as long as short
tradeXYZ xyz:COSTshort	+0.0050%	1h	898.63	−0.019%	$1.8M	$531K	20x
KuCoin COSTUSDTM	+0.0100%	8h	898.50	−0.033%	$41K	$845K	20x	as long as short
Variational Omni COST	+0.0216%	8h	898.91	+0.012%	$42K	$19K	—	as long as short
Binance COSTUSDT	+0.0410%	8h	899.01	+0.023%	$1.1M	$967K	20x	as long as short