Funding arb · Price arb /

HPE

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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: Bitget against Bybit0.000%7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$163as in the Price arb table

costs, in and out, $10k−$1661.663% 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)−0.137%−$14 · spread now 0.000%, 7d avg −0.032%

Together, before fees−0.137%−$14 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 0.032% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HPEUSDT	61.530	0	get 0.0000% / 8h	2h 59m	$318K	$193K	25x
Short	Bitget HPEUSDT	61.530	0	get 0.0000% / 8h	2h 59m	$952K	$358K	20x

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 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.032%: $3.22
Slippage, 4 orders: −$143.34
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$163.12
Costs to cover: 1.663%
Break-even: never at this rate

Slippage from Bybit: live order book, 45 min ago; Bitget: live order book, 51 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, 45 min ago	8.90 bp	22.6 bp −$23	192.0 bp −$1,920	doesn't fit	doesn't fit
Sell Bitget live order book, 51 min ago	12.13 bp	31.9 bp −$32	42.9 bp −$429	doesn't fit	doesn't fit

HPE on 10 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 HPEUSDT	0.0000%	8h	61.556	+0.043%	$830	$146	20x	as long as short
Binance HPEUSDT	0.0000%	8h	61.544	+0.022%	$471K	$4.5M	20x	as long as short
Bybit HPEUSDTlong	0.0000%	8h	61.530	long leg	$318K	$193K	25x
OKX HPE-USDT-SWAP	0.0000%	8h	61.460	−0.114%	$202K	$370K	20x	as long as short
Gate HPE_USDT	0.0000%	8h	61.530	0.000%	$159K	$36K	20x	as long as short
Bitget HPEUSDTshort	0.0000%	8h	61.530	0.000%	$952K	$358K	20x
Variational Omni HPE	0.0000%	8h	61.549	+0.031%	$36K	$258K	—	as long as short
SunX HPE-USDT	0.0000%	8h	61.530	0.000%	$848	$287K	10x	as long as short
HTX HPE-USDT	0.0000%	8h	61.510	−0.033%	$8K	$1K	10x	as long as short
KuCoin HPEUSDTM	+0.0373%	8h	61.620	+0.146%	$229K	$432K	20x	as long as short