Funding arb · Price arb /

ATH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0107%/8h= −11.7% APRpaid last 24h −0.031%

Price spread now: dYdX against Bitget+0.022%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. dYdX is 0.022% dearer against Bitget than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ATHUSDT	0.005559	0.0100	pay 0.0050% / 4h	1h 18m	$1.6M	$794K	25x
Short	dYdX ATH-USD	0.005560	−0.0007	pay 0.0001% / 1h	18m 54s	$11K	$16	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$22.45
Price spread: +0.022% → 0.000%: $2.2
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$42.25
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 min ago; dYdX: no order-book sample. Net counts fees only.

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, 3 min ago	5.40 bp	24.2 bp −$24	91.1 bp −$911	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ATH 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
Kraken Futures PF_ATHUSD	−0.4648%	1h	0.005552	−0.119%	$19K	$106K	10x	as long as short
dYdX ATH-USDshort	−0.0007%	1h	0.005560	+0.022%	$11K	$16	5x
Variational Omni ATH	+0.0053%	4h	0.005545	−0.246%	$186K	$94K	—	as long as short
OKX ATH-USDT-SWAP	+0.0088%	4h	0.005548	−0.198%	$705K	$1.2M	20x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005558	−0.020%	$4K	$37K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005558	−0.019%	$3.4M	$3.8M	50x	as long as short
Bybit ATHUSDT	+0.0100%	4h	0.005548	−0.198%	$4.5M	$2.2M	25x	as long as short
Gate ATH_USDT	+0.0100%	4h	0.005547	−0.216%	$792K	$522K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005559	0.000%	$8.9M	$659K	50x	as long as short
KuCoin ATHUSDTM	+0.0100%	4h	0.005554	−0.090%	$569K	$77K	30x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDTlong	+0.0100%	4h	0.005559	long leg	$1.6M	$794K	25x
BingX ATH-USDT	+0.0100%	4h	0.005552	−0.126%	—	$21.9M	—	as long as short
BloFin ATH-USDT	+0.0108%	4h	0.005562	+0.054%	$172K	$60K	75x	as long as short