Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Bitget against tradeXYZ+0.004%7-day average +0.075% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on Bitget

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)+0.059%+$6 · spread now +0.004%, 7d avg +0.075%

Together, before fees+0.001%+ Points / potential airdroptradeXYZ: Active · farm board$0 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.070% cheaper against tradeXYZ than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.075%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:COST	900.85	0.0050	pay 0.0006% / 1h	48m 01s	$1.8M	$517K	20x
Short	Bitget COSTUSDT	900.89	0	get 0.0000% / 8h	2h 48m	$403K	$77K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against tradeXYZ. 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 tradeXYZbpFee BitgetbpOrdersPrice spread, now +0.004%Rate

Funding earned: −$10.5
Price spread: +0.004% → +0.075%: −$7.05
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$47.55
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 10 min ago; Bitget: live order book, 57 min ago. Net counts fees only.

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 tradeXYZ live order book, 10 min ago	1.83 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 57 min ago	3.95 bp	10.1 bp −$10	32.4 bp −$324	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	901.57	+0.080%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	901.40	+0.061%	$1.1M	$969K	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	901.82	+0.108%	$491K	$221K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	901.86	+0.112%	$442K	$121K	10x	as long as short
Gate COST_USDT	0.0000%	8h	901.31	+0.051%	$522K	$8K	25x	as long as short
Bitget COSTUSDTshort	0.0000%	8h	900.89	+0.004%	$403K	$77K	25x
Variational Omni COST	0.0000%	8h	901.21	+0.040%	$41K	$13K	—	as long as short
SunX COST-USDT	0.0000%	8h	899.90	−0.105%	$2K	$2.9M	10x	as long as short
HTX COST-USDT	0.0000%	8h	902.29	+0.160%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0003%	1h	901.24	+0.043%	$1.1M	$2.5M	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.985%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.289%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	901.31	+0.051%	—	—	25x	as long as short
tradeXYZ xyz:COSTlong	+0.0050%	1h	900.85	long leg	$1.8M	$517K	20x
KuCoin COSTUSDTM	+0.0100%	8h	900.20	−0.072%	$48K	$894K	20x	as long as short