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

SPCH

RWAall SPCH 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: Bybit against Bitget+0.106%7-day average +0.135% · you sell dearer than you buy
Net, funding: paid 7d − costs−$456as in the Funding arb table
Net, price: spread back to 7d avg − costs−$415as in the Price arb table
costs, in and out, $10k−$4124.117% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.448%−$45 on $10k
Price spread, last 4 days (all we have)0.000%$0 · spread now +0.106%, 7d avg +0.135%
Together, before fees−0.448%−$45 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: Bybit is 0.029% cheaper against Bitget than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.135%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SPCHUSDT10.3340get 0.0000% / 8h3h 12m$207K$275K20x
ShortBybit SPCHUSDT10.3450get 0.0000% / 8h3h 12m$174K$189K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: +0.106% → +0.135%
−$2.87
Slippage, 4 orders
−$388.73
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$414.59
Costs to cover
4.117%
Break-even
never at this rate
Slippage from Bitget: live order book, 32 min ago; Bybit: live order book, 23 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 Bitget live order book, 32 min ago17.32 bp23.3 bp −$2327.9 bp −$279166.4 bp −$16.6Kdoesn't fit
Sell Bybit live order book, 23 min ago4.82 bp159.4 bp −$159doesn't fitdoesn't fitdoesn't fit

SPCH on 5 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
Bybit SPCHUSDTshort0.0000%8h10.345+0.106%$174K$189K25x
Bitget SPCHUSDTlong0.0000%8h10.334long leg$207K$275K20x
HTX SPCH-USDT0.0000%8h10.3340.000%$17K$409K20xas long as short
OKX SPCH-USDT-SWAP+0.0087%8h10.340+0.058%$96K$281K10xas long as short
Gate SPCH_USDT+0.0132%8h10.342+0.077%$233K$498K20xas long as short