Settings8H · net · $10k
Funding arb · Price arb /

NET

RWAall NET markets
SwapBacktest
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 Bybit+0.093%7-day average −0.086% · you sell dearer than you buy
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1521.518% of the position
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)−0.217%−$22 · spread now +0.093%, 7d avg −0.086%
Together, before fees−0.217%−$22 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 0.180% dearer against Bybit than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.086%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit NETUSDT353.040get 0.0000% / 8h7h 51m$384K$112K25x
ShortBitget NETUSDT353.370get 0.0000% / 8h7h 51m$205K$623K20x

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

Funding earned
$0
Price spread: +0.093% → −0.086%
$17.99
Slippage, 4 orders
−$128.76
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$133.77
Costs to cover
1.518%
Break-even
never at this rate
Slippage from Bybit: live order book, 13 min ago; Bitget: live order book, 18 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 13 min ago7.10 bp61.8 bp −$62doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 18 min ago15.31 bp23.7 bp −$2443.2 bp −$432doesn't fitdoesn't fit

NET on 10 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paragon para:NET−0.0582%1h351.18−0.527%$174K$38K10xas long as short
edgeX NETUSDC−0.0209%4h353.16+0.033%$37K$322K10xas long as short
Binance NETUSDT0.0000%8h353.52+0.135%$370K$839K20xas long as short
Bybit NETUSDTlong0.0000%8h353.04long leg$384K$112K25x
OKX NET-USDT-SWAP0.0000%8h353.79+0.212%$178K$105K20xas long as short
Gate NET_USDT0.0000%8h352.90−0.040%$40K$6K20xas long as short
Bitget NETUSDTshort0.0000%8h353.37+0.093%$205K$623K20x
HTX NET-USDT0.0000%8h353.10+0.017%$9K$348K20xas long as short
Phoenix NET+0.0068%1h352.98−0.017%$167$85K10xas long as short
tradeXYZ xyz:NET+0.0483%1h353.34+0.085%$372K$188K10xas long as short