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

CC

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%
Price spread now: BloFin against Bitget+0.069%65s7-day average −0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$780.776% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.309%+$31 on $10k
Price spread, last 3 days (all we have)−0.056%−$6 · spread now +0.069%, 7d avg −0.054%
Together, before fees+0.253%+$25 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.123% dearer against Bitget than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.054%. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget CCUSDT0.11590.0100pay 0.0050% / 4h1h 28m$926K$788K20x
ShortBloFin CC-USDT0.11600.0340get 0.0170% / 4h1h 28m$581K$105K75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin 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
$50.4
Price spread: +0.069% → −0.054%
$12.28
Slippage, 4 orders
−$53.62
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$14.94
Costs to cover
0.776%
Break-even
9.1 days
Slippage from Bitget: live order book, 53 min ago; BloFin: live order book, 53 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, 53 min ago3.88 bp21.8 bp −$22104.7 bp −$1,047doesn't fitdoesn't fit
Sell BloFin live order book, 53 min ago0.43 bp17.7 bp −$1848.6 bp −$486doesn't fitdoesn't fit

CC on 19 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
Injective CC/USDC PERP−0.3951%1h0.1147−1.027%$6K$995.5xas long as short
Gate CC_USDT+0.0066%4h0.1159−0.009%$359K$212K50xas long as short
Paradex CC-USD-PERP+0.0091%8h0.1161+0.200%$1K5xas long as short
Hyperliquid CC+0.0100%1h0.1163+0.337%$5.4M$1.4M3xas long as short
Aster CCUSDT+0.0100%4h0.1160+0.123%$34K$39K20xas long as short
Binance CCUSDT+0.0100%4h0.1160+0.067%$10.9M$11.1M75xas long as short
Bybit CCUSDT+0.0100%4h0.1160+0.078%$10.5M$3.8M25xas long as short
OKX CC-USDT-SWAP+0.0100%4h0.1161+0.138%$2.5M$3.4M20xas long as short
MEXC CC_USDT+0.0100%4h0.1160+0.095%$1.6M$309K100xas long as short
KuCoin CCUSDTM+0.0100%4h0.1161+0.138%$491K$115K50xas long as short
Show all 19 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget CCUSDTlong+0.0100%4h0.1159long leg$926K$788K20x
BingX CC-USDT+0.0100%4h0.1159−0.009%$6.6Mas long as short
Backpack CC_USDC_PERP+0.0100%1h0.1160+0.129%$16K$22K10xas long as short
Variational Omni CC+0.0100%4h0.1159+0.048%$577K$43Kas long as short
GRVT CC_USDT_Perp+0.0100%4h0.1160+0.114%$87K$2.3M10xas long as short
Derive CC-PERP+0.0100%1h0.1159−0.022%$7K$35K6.7xas long as short
BloFin CC-USDTshort+0.0340%4h0.1160+0.069%$581K$105K75x
GMX CC/USD [WBTC.b-USDC]L +0.0441% / S −0.0239%1h0.1161+0.160%$43K50xas long as short
Lighter CC+0.1240%1h0.1164+0.449%$233K$152K5xas long as short