Funding arb · Price arb /

COST

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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: Bitget against Bybit−0.043%7-day average +0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$780.775% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.075%+$7 · spread now −0.043%, 7d avg +0.035%

Together, before fees+0.075%+$7 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 0.079% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COSTUSDT	898.93	0	get 0.0000% / 8h	2h 23m	$470K	$193K	25x
Short	Bitget COSTUSDT	898.54	0	get 0.0000% / 8h	2h 23m	$398K	$125K	25x

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 −0.043%Rate

Funding earned: $0
Price spread: −0.043% → +0.035%: −$7.86
Slippage, 4 orders: −$54.52
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$85.38
Costs to cover: 0.775%
Break-even: never at this rate

Slippage from Bybit: live order book, 60 min ago; Bitget: live order book, 60 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, 60 min ago	8.51 bp	21.1 bp −$21	62.0 bp −$620	doesn't fit	doesn't fit
Sell Bitget live order book, 60 min ago	2.95 bp	17.4 bp −$17	37.6 bp −$376	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	898.33	−0.067%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	899.56	+0.070%	$1.1M	$968K	20x	as long as short
Bybit COSTUSDTlong	0.0000%	8h	898.93	long leg	$470K	$193K	25x
OKX COST-USDT-SWAP	0.0000%	8h	900.25	+0.147%	$432K	$137K	10x	as long as short
Gate COST_USDT	0.0000%	8h	899.73	+0.089%	$523K	$26K	25x	as long as short
Bitget COSTUSDTshort	0.0000%	8h	898.54	−0.043%	$398K	$125K	25x
Variational Omni COST	0.0000%	8h	899.63	+0.078%	$42K	$19K	—	as long as short
SunX COST-USDT	0.0000%	8h	898.80	−0.014%	$1K	$3.3M	10x	as long as short
HTX COST-USDT	0.0000%	8h	901.15	+0.247%	$10K	$42K	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.773%	$2K	$28K	12x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended COST-USD	+0.0040%	1h	898.31	−0.069%	—	—	10x	as long as short
QFEX COST-USD	+0.0043%	1h	899.64	+0.079%	$1.1M	$2.7M	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	898.35	−0.065%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.76	−0.019%	$1.8M	$536K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	898.30	−0.070%	$41K	$844K	20x	as long as short