Funding arb · Price arb /

F

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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 −0.008%

Price spread now: Bitget against OKX0.000%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$890.893% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.400%−$40 on $10k

Price spread, last 7 days−0.210%−$21 · spread now 0.000%, 7d avg −0.020%

Together, before fees−0.610%−$61 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 0.020% dearer against OKX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX F-USDT-SWAP	0.003717	0.0100	pay 0.0050% / 4h	2h 21m	$741K	$2.2M	20x
Short	Bitget FUSDT	0.003717	0.0100	get 0.0050% / 4h	2h 21m	$510K	$995K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.020%: $2.04
Slippage, 4 orders: −$67.35
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$87.31
Costs to cover: 0.893%
Break-even: never at this rate

Slippage from OKX: live order book, 1 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 OKX live order book, 1 min ago	1.35 bp	18.1 bp −$18	126.2 bp −$1,262	doesn't fit	doesn't fit
Sell Bitget live order book, 25 min ago	4.04 bp	25.7 bp −$26	64.7 bp −$647	doesn't fit	doesn't fit

F on 10 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 F_USDT	+0.0038%	8h	0.003718	+0.027%	$180K	$1.4M	25x	as long as short
Aster FUSDT	+0.0100%	4h	0.003716	−0.017%	$15K	$30K	5x	as long as short
Binance FUSDT	+0.0100%	4h	0.003716	−0.025%	$4.0M	$7.7M	50x	as long as short
Bybit FUSDT	+0.0100%	4h	0.003717	0.000%	$2.4M	$2.6M	25x	as long as short
OKX F-USDT-SWAPlong	+0.0100%	4h	0.003717	long leg	$741K	$2.2M	20x
MEXC F_USDT	+0.0100%	4h	0.003716	−0.027%	$642K	$193K	50x	as long as short
KuCoin FUSDTM	+0.0100%	4h	0.003719	+0.054%	$784K	$1.3M	30x	as long as short
Bitget FUSDTshort	+0.0100%	4h	0.003717	0.000%	$510K	$995K	50x
BingX F-USDT	+0.0100%	4h	0.003716	−0.027%	—	$6.6M	—	as long as short
Variational Omni F	+0.0100%	4h	0.003717	+0.010%	$700	$379	—	as long as short