Funding arb · Price arb /

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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 0.000%

Price spread now: Bitget against Bybit+0.206%7-day average +0.183% · you sell dearer than you buy

Net, funding: paid 7d − costs−$174as in the Funding arb table

Net, price: spread back to 7d avg − costs−$174as in the Price arb table

costs, in and out, $10k−$1771.766% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 7 days+0.096%+$10 · spread now +0.206%, 7d avg +0.183%

Together, before fees+0.119%+$12 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 0.023% dearer against Bybit than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.183%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BASEDUSDT	0.06793	0.0100	pay 0.0050% / 4h	7m 39s	$2.1M	$593K	25x
Short	Bitget BASEDUSDT	0.06807	0.0100	get 0.0050% / 4h	7m 39s	$1.3M	$370K	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 +0.206%Rate

Funding earned: $0
Price spread: +0.206% → +0.183%: $2.29
Slippage, 4 orders: −$153.64
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$174.35
Costs to cover: 1.766%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago	4.41 bp	67.1 bp −$67	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	5.88 bp	20.6 bp −$21	72.0 bp −$720	doesn't fit	doesn't fit

BASED on 15 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
BloFin BASED-USDT	+0.0062%	4h	0.06803	+0.147%	$251K	$41K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06805	+0.177%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDTlong	+0.0100%	4h	0.06793	long leg	$2.1M	$593K	25x
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06800	+0.103%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06795	+0.029%	$540K	$542K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06805	+0.177%	$4.8M	$646K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06796	+0.044%	$569K	$65K	20x	as long as short
Bitget BASEDUSDTshort	+0.0100%	4h	0.06807	+0.206%	$1.3M	$370K	25x
BingX BASED-USDT	+0.0100%	4h	0.06800	+0.103%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06798	+0.074%	$93K	$21K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06810	+0.251%	$99K	$374K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06798	+0.074%	$1K	$829K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06804	+0.156%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0262%	4h	0.06801	+0.115%	$29K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0304%	4h	0.06808	+0.221%	$3K	$652	10x	as long as short