Funding arb · Price arb /

CVC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.021%

Price spread now: Bitget against Binance+0.037%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$73as in the Price arb table

costs, in and out, $10k−$750.750% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.176%+$18 on $10k

Price spread, last 7 days−0.112%−$11 · spread now +0.037%, 7d avg +0.016%

Together, before fees+0.064%+$6 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 0.021% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CVCUSDT	0.02711	0.0100	pay 0.0050% / 4h	2h 59m	$2.8M	$5.6M	50x
Short	Bitget CVCUSDT	0.02712	0.0100	get 0.0050% / 4h	2h 59m	$437K	$490K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → +0.016%: $2.11
Slippage, 4 orders: −$53.03
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$72.92
Costs to cover: 0.750%
Break-even: never at this rate

Slippage from Binance: live order book, 8 min ago; Bitget: live order book, 46 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 Binance live order book, 8 min ago	1.84 bp	17.1 bp −$17	86.4 bp −$864	doesn't fit	doesn't fit
Sell Bitget live order book, 46 min ago	3.66 bp	19.4 bp −$19	79.6 bp −$796	doesn't fit	doesn't fit

CVC on 8 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
Gate CVC_USDT	−0.0240%	4h	0.02710	−0.037%	$213K	$310K	25x	as long as short
Binance CVCUSDTlong	+0.0100%	4h	0.02711	long leg	$2.8M	$5.6M	50x
Bybit CVCUSDT	+0.0100%	1h	0.02706	−0.184%	$1.7M	$1.6M	25x	as long as short
MEXC CVC_USDT	+0.0100%	4h	0.02711	0.000%	$651K	$136K	20x	as long as short
Bitget CVCUSDTshort	+0.0100%	4h	0.02712	+0.037%	$437K	$490K	50x
BingX CVC-USDT	+0.0100%	4h	0.02710	−0.037%	—	$2.4M	—	as long as short
Variational Omni CVC	+0.0100%	1h	0.02705	−0.239%	$1K	$370	—	as long as short
KuCoin CVCUSDTM	+0.0358%	4h	0.02716	+0.184%	$1.3M	$411K	30x	as long as short