Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.002%

Price spread now: Bitget against OKX+0.049%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$890.895% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.034%−$3 · spread now +0.049%, 7d avg −0.018%

Together, before fees−0.036%−$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 0.067% dearer against OKX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX COST-USDT-SWAP	902.01	0	get 0.0000% / 8h	7h 48m	$441K	$124K	10x
Short	Bitget COSTUSDT	902.45	0	get 0.0000% / 8h	7h 48m	$411K	$85K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.049%Rate

Funding earned: $0
Price spread: +0.049% → −0.018%: $6.69
Slippage, 4 orders: −$67.48
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$82.78
Costs to cover: 0.895%
Break-even: never at this rate

Slippage from OKX: live order book, 47 min ago; Bitget: live order book, 42 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 OKX live order book, 47 min ago	2.71 bp	33.4 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 42 min ago	8.25 bp	18.5 bp −$19	35.5 bp −$355	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	902.64	+0.070%	$45K	$133	20x	as long as short
Binance COSTUSDT	0.0000%	8h	902.46	+0.050%	$1.1M	$1.0M	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	902.83	+0.091%	$491K	$91K	25x	as long as short
OKX COST-USDT-SWAPlong	0.0000%	8h	902.01	long leg	$441K	$124K	10x
Gate COST_USDT	0.0000%	8h	902.67	+0.073%	$523K	$8K	25x	as long as short
Bitget COSTUSDTshort	0.0000%	8h	902.45	+0.049%	$411K	$85K	25x
Variational Omni COST	0.0000%	8h	902.46	+0.050%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	901.80	−0.023%	$2K	$2.8M	10x	as long as short
HTX COST-USDT	0.0000%	8h	903.19	+0.131%	$10K	$42K	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.112%	$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	902.00	−0.001%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	902.33	+0.035%	—	—	25x	as long as short
QFEX COST-USD	+0.0046%	1h	902.30	+0.032%	$1.1M	$2.4M	10x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	902.29	+0.031%	$1.8M	$510K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	901.90	−0.012%	$47K	$921K	20x	as long as short