Settings8H · net · $10k
FundingPeriod funding rates are shown in
UnitsPercent or basis points
CostsCount taker fees and slippage in Net
SizePosition per leg used for Net and slippage
ExchangesWhich exchanges to include everywhere
Backtest 30d
LegExchangePriceFund. /8hEach paymentNext inOIVol 24hLev
LONGBitgetOURAUSDT51.0040get 0.0000% / 8h5h 59m$1.5M$10.9M20xLong Bitget
SHORTtradeXYZxyz:OURA51.148−0.0010pay 0.0001% / 1h59m 15s$221K$1.0M5xShort tradeXYZ
Price gap+0.282%
Funding gap−0.0010% /8h

Both sides work against this direction now: funding costs $0 a day on $10k and the gap is 0.109% under its 7d average. Swap the legs.

Funding you earn now−0.0010% /8hpaid last 24h 0.000% · next 11:00 UTC
Price spread now+0.282%7d average +0.391% · you sell dearer than you buy
Net 7d · $10kPaid 7d $018h − costs $193 · under 7 days of funding history
Net, price · $10k−$204spread back to 7d avg − costs · as in Price arb
Costs, in and out · $10k−$1931.929% of a $10k position

Funding, last

18 hours, all we have
0.000%$0 on $10k
Price spread, last 18 hours of 7D (all we have)+0.170%+$17 · now +0.282%, avg +0.391%
Together, before fees+0.171%+$17+ Points / potential airdroptradeXYZ: points · farm boardWith fees, hour by hour → backtest

Funding history

you earnyou payavg
RANGE STATS · 7D
Average /8h
Highest
Lowest
Paid you

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

tradeXYZ price against Bitgetnow
RANGE STATS · 7D
Now+0.282%
Average
Range
Wider than now

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

OURA on 12 exchanges

lowest funding first
ExchangeFunding /8hEveryPricevs long legOIVol 24hLevKYCUse as
LighterOURA−0.0176% · 1h1h52.395+2.727%$102K$186K5xNo52.395 · +2.727% · OI $102K · 5x · KYC Nolongshort
QFEXOURA-USD−0.0014% · 1h1h51.150+0.286%$1.1M$562K10xNo51.150 · +0.286% · OI $1.1M · 10x · KYC Nolongshort
tradeXYZxyz:OURA−0.0010% · 1h1h51.148+0.282%$221K$1.0M5xNo51.148 · +0.282% · OI $221K · 5x · KYC NoSHORT
OKXOURA-USDT-SWAP0.0000% · 8h8h51.075+0.139%$126K$1.3M20xYes51.075 · +0.139% · OI $126K · 20x · KYC Yeslongshort
GateOURA_USDT0.0000% · 8h8h52.270+2.482%$501K$309K10xYes52.270 · +2.482% · OI $501K · 10x · KYC Yeslongshort
BitgetOURAUSDT0.0000% · 8h8h51.004long leg$1.5M$10.9M20xYes51.004 · long leg · OI $1.5M · 20x · KYC YesLONG
SunXOURA-USDT0.0000% · 8h8h50.880−0.243%$2.3M10xNo50.880 · −0.243% · OI · 10x · KYC Nolongshort
HTXOURA-USDT0.0000% · 8h8h51.360+0.698%$11K$393K10xLimited51.360 · +0.698% · OI $11K · 10x · KYC Limitedlongshort
BloFinOURA-USDT+0.0047% · 8h8h51.150+0.286%$47K$25K20xLimited51.150 · +0.286% · OI $47K · 20x · KYC Limitedlongshort
AsterOURAUSD1+0.0050% · 8h8h50.972−0.062%$100K$73K20xNo50.972 · −0.062% · OI $100K · 20x · KYC Nolongshort
BinanceOURAUSDT+0.0050% · 8h8h51.152+0.290%$798K$3.8M20xYes51.152 · +0.290% · OI $798K · 20x · KYC Yeslongshort
KuCoinOURAUSDTM+0.0050% · 8h8h51.330+0.639%$14K$3.3M20xYes51.330 · +0.639% · OI $14K · 20x · KYC Yeslongshort

Before you open

1 ok · 5 to watch
  • Watch: Thin at this size10.2 / 87.7 bp
    At $10k tradeXYZ’s book costs 87.7 bp to enter, 8.6× Bitget’s.
  • Note: Margin at max leverage$500 + $2,000
    Bitget 20x, tradeXYZ 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
  • Watch: Payment intervals differ8h / 1h
    Payments land at different times. Close right after the slower leg pays.
    Next 24h at the current rates, on $10k a leg: −$0.29Long Bitget: 3 payments, $0.00; short tradeXYZ: 24 payments, −$0.29.
  • Watch: Gap narrower than usual+0.282% vs +0.391%
    Less room for the price leg to pay you. If it goes back to average, the short loses.
  • Watch: Short leg is thinner$221K vs $1.5M OI
    tradeXYZ sets your exit cost. Check its book before closing.
  • OK: Points on a legtradeXYZ points
    Volume here counts toward the points program.
  • Watch: KYCBitget Yes · tradeXYZ No
    KYC mandatory since Sep 2023; unverified accounts can only withdraw and close positions.

Profit calculator

both legs, in and out
Position, each leg
Hold for
Orders
Price spread
Funding rate
Funding earned+0.0001%/8h × 21 periods+$0.20
Price spread+0.282% → +0.391% (7d avg)−$10.90
Slippage, 4 orderslive order books−$162.86
Fee Bitget bp × 2 orders−$12.00
Fee tradeXYZ bp × 2 orders−$18.00
Net · 7 days · $10k−$203.57
Costs to cover1.929%Break-even7250.0 days
Slippage: Bitget: live order book, 1 min ago; tradeXYZ: live order book, 11 min ago

Cost to enter

taker + slippage from mid, one side
BUY · LONGBitget2.8410.2 bp−$1016.4 bp−$164doesn’t fitdoesn’t fit
SELL · SHORTtradeXYZ49.2687.7 bp−$88250.5 bp−$2,505doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

Measured