Funding arb · Price arb /

CC

all CC markets

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+0.076%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$108as in the Price arb table

costs, in and out, $10k−$1111.115% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.077%+$8 on $10k

Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.076%, 7d avg +0.040%

Together, before fees−0.055%−$5 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 0.036% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit CCUSDT	0.1177	0.0100	pay 0.0050% / 4h	51m 07s	$10.6M	$3.7M	25x
Short	Bitget CCUSDT	0.1178	0.0100	get 0.0050% / 4h	51m 07s	$939K	$787K	20x

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 +0.076%Rate

Funding earned: $0
Price spread: +0.076% → +0.040%: $3.63
Slippage, 4 orders: −$88.46
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$107.83
Costs to cover: 1.115%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 25 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	3.82 bp	30.8 bp −$31	317.0 bp −$3,170	doesn't fit	doesn't fit
Sell Bitget live order book, 25 min ago	3.44 bp	37.1 bp −$37	117.4 bp −$1,174	doesn't fit	doesn't fit

CC on 19 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
Injective CC/USDC PERP	−0.3320%	1h	0.1156	−1.809%	$6K	$97	5.5x	as long as short
Paradex CC-USD-PERP	+0.0096%	8h	0.1178	+0.062%	$1K	—	5x	as long as short
Aster CCUSDT	+0.0100%	4h	0.1179	+0.107%	$35K	$39K	20x	as long as short
Binance CCUSDT	+0.0100%	4h	0.1178	+0.042%	$11.1M	$11.1M	75x	as long as short
Bybit CCUSDTlong	+0.0100%	4h	0.1177	long leg	$10.6M	$3.7M	25x
OKX CC-USDT-SWAP	+0.0100%	4h	0.1178	+0.102%	$2.6M	$3.5M	20x	as long as short
Gate CC_USDT	+0.0100%	4h	0.1176	−0.085%	$365K	$213K	50x	as long as short
MEXC CC_USDT	+0.0100%	4h	0.1177	+0.017%	$1.6M	$313K	100x	as long as short
KuCoin CCUSDTM	+0.0100%	4h	0.1179	+0.110%	$499K	$115K	50x	as long as short
Bitget CCUSDTshort	+0.0100%	4h	0.1178	+0.076%	$939K	$787K	20x

Show all 19 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX CC-USDT	+0.0100%	4h	0.1178	+0.025%	—	$6.6M	—	as long as short
Variational Omni CC	+0.0100%	4h	0.1173	−0.404%	$583K	$43K	—	as long as short
GRVT CC_USDT_Perp	+0.0100%	4h	0.1176	−0.085%	$86K	$2.3M	10x	as long as short
Derive CC-PERP	+0.0100%	1h	0.1177	−0.027%	$6K	$36K	6.7x	as long as short
BloFin CC-USDT	+0.0340%	4h	0.1177	−0.034%	$584K	$107K	75x	as long as short
GMX CC/USD [WBTC.b-USDC]	L +0.0445% / S −0.0239%	1h	0.1178	+0.078%	$44K	—	50x	as long as short
Backpack CC_USDC_PERP	+0.0463%	1h	0.1178	+0.042%	$15K	$22K	10x	as long as short
Hyperliquid CC	+0.0857%	1h	0.1181	+0.280%	$5.5M	$1.3M	3x	as long as short
Lighter CC	+0.1432%	1h	0.1182	+0.433%	$236K	$153K	5x	as long as short