Funding arb · Price arb /

ATH

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.016%

Price spread now: Bitget against Bybit+0.036%7-day average +0.157% · you sell dearer than you buy

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1471.470% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 7 days+0.253%+$25 · spread now +0.036%, 7d avg +0.157%

Together, before fees+0.294%+$29 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 0.122% cheaper against Bybit than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.157%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ATHUSDT	0.005600	0.0100	pay 0.0050% / 4h	2h 20m	$4.5M	$2.3M	25x
Short	Bitget ATHUSDT	0.005602	0.0100	get 0.0050% / 4h	2h 20m	$1.6M	$805K	25x

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 +0.036%Rate

Funding earned: $0
Price spread: +0.036% → +0.157%: −$12.16
Slippage, 4 orders: −$124.01
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$159.17
Costs to cover: 1.470%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 1 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, 2 min ago	4.45 bp	44.1 bp −$44	178.4 bp −$1,784	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	7.12 bp	27.7 bp −$28	102.5 bp −$1,025	doesn't fit	doesn't fit

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	−0.3496%	1h	0.005602	+0.041%	$20K	$107K	10x	as long as short
Variational Omni ATH	−0.0146%	4h	0.005626	+0.461%	$189K	$94K	—	as long as short
dYdX ATH-USD	0.0000%	1h	0.005630	+0.530%	$11K	$16	5x	as long as short
OKX ATH-USDT-SWAP	+0.0042%	4h	0.005607	+0.125%	$719K	$1.3M	20x	as long as short
Aster ATHUSDT	+0.0100%	4h	0.005608	+0.138%	$7K	$34K	5x	as long as short
Binance ATHUSDT	+0.0100%	4h	0.005603	+0.051%	$3.4M	$3.9M	50x	as long as short
Bybit ATHUSDTlong	+0.0100%	4h	0.005600	long leg	$4.5M	$2.3M	25x
Gate ATH_USDT	+0.0100%	4h	0.005602	+0.036%	$803K	$531K	30x	as long as short
MEXC ATH_USDT	+0.0100%	4h	0.005611	+0.196%	$8.9M	$666K	50x	as long as short
KuCoin ATHUSDTM	+0.0100%	4h	0.005603	+0.054%	$562K	$84K	30x	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget ATHUSDTshort	+0.0100%	4h	0.005602	+0.036%	$1.6M	$805K	25x
BingX ATH-USDT	+0.0100%	4h	0.005609	+0.161%	—	$21.7M	—	as long as short
BloFin ATH-USDT	+0.0142%	4h	0.005632	+0.571%	$173K	$62K	75x	as long as short