Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Bitget+0.013%7-day average +0.187% · you sell dearer than you buy

Net, funding: paid 7d − costs−$343as in the Funding arb table

Net, price: spread back to 7d avg − costs−$384as in the Price arb table

costs, in and out, $10k−$3663.665% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.239%+$24 on $10k

Price spread, last 7 days+0.293%+$29 · spread now +0.013%, 7d avg +0.187%

Together, before fees+0.533%+$53 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: Binance is 0.175% cheaper against Bitget than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.187%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HUSDT	0.06898	0.0100	pay 0.0050% / 4h	3h 52m	$1.7M	$416K	4x
Short	Binance HUSDT	0.06899	0.0100	get 0.0050% / 4h	3h 52m	$14.7M	$10.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → +0.187%: −$17.46
Slippage, 4 orders: −$344.46
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$383.92
Costs to cover: 3.665%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Binance: live order book, 3 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, 5 min ago	6.52 bp	157.6 bp −$158	476.2 bp −$4,762	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	1.45 bp	34.5 bp −$35	250.4 bp −$2,504	doesn't fit	doesn't fit

H on 14 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 H/USDC PERP	+0.0033%	1h	0.06250	−9.394%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06901	+0.037%	$111K	$60K	5x	as long as short
Binance HUSDTshort	+0.0100%	4h	0.06899	+0.013%	$14.7M	$10.6M	10x
Bybit HUSDT	+0.0100%	4h	0.06894	−0.052%	$7.5M	$4.9M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06906	+0.116%	$1.8M	$6.4M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06893	−0.072%	$2.8M	$1.6M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06899	+0.014%	$6.2M	$1.2M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06900	+0.029%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDTlong	+0.0100%	4h	0.06898	long leg	$1.7M	$416K	4x
BingX H-USDT	+0.0100%	4h	0.06897	−0.014%	—	$2.8M	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06884	−0.205%	$9K	$6K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06907	+0.132%	$1.1M	$447K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06898	−0.005%	$9K	$201K	5x	as long as short
BloFin H-USDT	+0.0110%	4h	0.06940	+0.609%	$594K	$104K	25x	as long as short