Funding arb · Price arb /

H

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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 0.000%

Price spread now: OKX against Bitget+0.229%7-day average +0.122% · you sell dearer than you buy

Net, funding: paid 7d − costs−$436as in the Funding arb table

Net, price: spread back to 7d avg − costs−$432as in the Price arb table

costs, in and out, $10k−$4434.432% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 7 days−0.164%−$16 · spread now +0.229%, 7d avg +0.122%

Together, before fees−0.092%−$9 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: OKX is 0.107% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.122%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HUSDT	0.06992	0.0100	pay 0.0050% / 4h	21m 39s	$1.7M	$450K	4x
Short	OKX H-USDT-SWAP	0.07008	0.0100	get 0.0050% / 4h	21m 39s	$1.8M	$5.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.229%Rate

Funding earned: $0
Price spread: +0.229% → +0.122%: $10.71
Slippage, 4 orders: −$421.19
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$432.48
Costs to cover: 4.432%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; OKX: live order book, 1 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	10.76 bp	216.8 bp −$217	621.4 bp −$6,214	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	2.85 bp	23.1 bp −$23	doesn't fit	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	−10.612%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.07006	+0.198%	$116K	$53K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.07005	+0.186%	$15.0M	$10.5M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06999	+0.097%	$7.6M	$4.6M	13x	as long as short
OKX H-USDT-SWAPshort	+0.0100%	4h	0.07008	+0.229%	$1.8M	$5.9M	10x
Gate H_USDT	+0.0100%	4h	0.06998	+0.086%	$2.9M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.07013	+0.300%	$6.3M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.07009	+0.243%	$1.7M	$10.0M	8x	as long as short
Bitget HUSDTlong	+0.0100%	4h	0.06992	long leg	$1.7M	$450K	4x
BingX H-USDT	+0.0100%	4h	0.07001	+0.129%	—	$2.7M	—	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	0.06978	−0.197%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06988	−0.062%	$1.2M	$438K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.07004	+0.168%	$11K	$107K	5x	as long as short
BloFin H-USDT	+0.0136%	4h	0.06978	−0.200%	$593K	$117K	25x	as long as short