Funding arb · Price arb /

CSCO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Bitget+0.018%46s7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1561.562% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.181%−$18 on $10k

Price spread, last 4 days (all we have)+0.219%+$22 · spread now +0.018%, 7d avg +0.065%

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: Phemex is 0.047% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.065%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CSCOUSDT	111.70	0	get 0.0000% / 8h	1h 34m	$321K	$85K	20x
Short	Phemex CSCOUSDT	111.72	0	get 0.0000% / 8h	1h 34m	$1.3M	$40K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → +0.065%: −$4.72
Slippage, 4 orders: −$132.17
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$160.89
Costs to cover: 1.562%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Phemex: live order book, 3 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, 1 min ago	8.51 bp	25.4 bp −$25	38.5 bp −$385	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	5.38 bp	38.2 bp −$38	doesn't fit	doesn't fit	doesn't fit

CSCO on 13 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 CSCOUSDT	0.0000%	8h	111.66	−0.035%	$4K	$6K	20x	as long as short
Binance CSCOUSDT	0.0000%	8h	111.65	−0.047%	$751K	$508K	20x	as long as short
Bybit CSCOUSDT	0.0000%	8h	111.66	−0.036%	$411K	$32K	25x	as long as short
OKX CSCO-USDT-SWAP	0.0000%	8h	111.61	−0.081%	$270K	$159K	20x	as long as short
Gate CSCO_USDT	0.0000%	8h	111.59	−0.098%	$305K	$9K	25x	as long as short
Bitget CSCOUSDTlong	0.0000%	8h	111.70	long leg	$321K	$85K	20x
Variational Omni CSCO	0.0000%	8h	111.62	−0.071%	$39K	$40K	—	as long as short
GRVT CSCO_USDT_Perp	0.0000%	8h	111.67	−0.027%	$473	$171K	10x	as long as short
SunX CSCO-USDT	0.0000%	8h	111.64	−0.054%	$1K	$1.4M	10x	as long as short
HTX CSCO-USDT	0.0000%	8h	111.70	0.000%	$6K	$3K	10x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CSCOUSDTshort	0.0000%	8h	111.72	+0.018%	$1.3M	$40K	10x
KuCoin CSCOUSDTM	+0.0100%	8h	111.50	−0.179%	$328K	$836K	20x	as long as short
Extended CSCO_24_5-USD	+0.0104%	1h	111.52	−0.166%	$233K	$2K	10x	as long as short