Funding arb · Price arb /

CVC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h +1.208%

Price spread now: Bybit against Bitget−0.618%7-day average +0.394% · you buy dearer than you sell

Net, funding: paid 7d − costs+$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$850.850% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+1.114%+$111 on $10k

Price spread, last 7 days+3.155%+$315 · spread now −0.618%, 7d avg +0.394%

Together, before fees+4.269%+$427 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 1.012% cheaper against Bitget than usual: you would sell low and buy high (spread −0.618% now, against its 7-day average of +0.394%). If the spread goes back, that is −$101 on $10k: about 20 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+1.114% in total) that is about 6.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget CVCUSDT	0.02751	−0.0070	get 0.0035% / 4h	1m 28s	$451K	$501K	50x
Short	Bybit CVCUSDT	0.02734	0.0100	get 0.0013% / 1h	1m 28s	$1.7M	$1.5M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee BitgetbpFee BybitbpOrdersPrice spread, now −0.618%Rate

Funding earned: $35.7
Price spread: −0.618% → +0.394%: −$101.21
Slippage, 4 orders: −$61.98
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$150.49
Costs to cover: 0.850%
Break-even: 36.5 days

Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 5 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 Bitget live order book, 4 min ago	3.64 bp	20.0 bp −$20	73.2 bp −$732	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	1.83 bp	24.1 bp −$24	336.6 bp −$3,366	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	−0.0472%	4h	0.02750	−0.036%	$220K	$330K	25x	as long as short
Bitget CVCUSDTlong	−0.0070%	4h	0.02751	long leg	$451K	$501K	50x
MEXC CVC_USDT	+0.0020%	4h	0.02752	+0.036%	$656K	$124K	20x	as long as short
BingX CVC-USDT	+0.0026%	4h	0.02745	−0.218%	—	$2.4M	—	as long as short
Binance CVCUSDT	+0.0027%	4h	0.02751	−0.018%	$3.0M	$5.7M	50x	as long as short
Variational Omni CVC	+0.0100%	1h	0.02726	−0.922%	$1K	$370	—	as long as short
Bybit CVCUSDTshort	+0.0100%	1h	0.02734	−0.618%	$1.7M	$1.5M	25x
KuCoin CVCUSDTM	+0.0100%	4h	0.02753	+0.073%	$1.4M	$432K	30x	as long as short