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

ESP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0010%/8h= +1.1% APRnext payment +$0.05 per $10,000 · paid last 24h +0.001%
Price spread now: edgeX against Bitget+0.050%7-day average −0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$103as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$870.868% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.166%−$17 on $10k
Price spread, last 4 days (all we have)+0.612%+$61 · spread now +0.050%, 7d avg −0.064%
Together, before fees+0.446%+ Points / potential airdropedgeX: Active · farm board+$45 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and edgeX is 0.114% dearer against Bitget than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.064%. Mind the row above: over the last 7 days funding on this pair cost −0.166%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ESPUSDT0.095560.0100pay 0.0050% / 4h3h 55m$974K$140K20x
ShortedgeX ESPUSDC0.095610.0110get 0.0055% / 4h3h 55m$29K$266K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
$2.09
Price spread: +0.050% → −0.064%
$11.41
Slippage, 4 orders
−$65.85
Fee Bitget: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$73.35
Costs to cover
0.868%
Break-even
253.0 days
Slippage from Bitget: live order book, 41 min ago; edgeX: live order book, 42 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, 41 min ago14.78 bp33.1 bp −$3396.7 bp −$967doesn't fitdoesn't fit
Sell edgeX live order book, 42 min ago3.16 bp11.5 bp −$11doesn't fitdoesn't fitdoesn't fit

ESP on 11 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
Aster ESPUSDT+0.0100%4h0.09556−0.001%$8K$18K5xas long as short
Binance ESPUSDT+0.0100%4h0.09556−0.001%$2.4M$4.1M25xas long as short
OKX ESP-USDT-SWAP+0.0100%4h0.09570+0.147%$606K$1.1M20xas long as short
MEXC ESP_USDT+0.0100%4h0.09551−0.052%$1.3M$129K20xas long as short
KuCoin ESPUSDTM+0.0100%4h0.09563+0.073%$1.5M$39K25xas long as short
Bitget ESPUSDTlong+0.0100%4h0.09556long leg$974K$140K20x
edgeX ESPUSDCshort+0.0110%4h0.09561+0.050%$29K$266K10x
BloFin ESP-USDT+0.0122%4h0.09548−0.084%$96K$35K25xas long as short
Gate ESP_USDT+0.0250%8h0.09561+0.052%$194K$596K50xas long as short
Bybit ESPUSDT+0.4785%4h0.09546−0.105%$1.1M$674K50xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX ESP-USDT+0.6600%4h0.09557+0.010%$1.7Mas long as short