Funding arb · Price arb /

NOT

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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: Bitget against Binance+0.008%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$910.912% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.053%+$5 · spread now +0.008%, 7d avg +0.042%

Together, before fees+0.085%+$8 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 0.035% cheaper against Binance than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NOTUSDT	0.0005093	0.0100	pay 0.0050% / 4h	47m 46s	$2.1M	$3.1M	50x
Short	Bitget NOTUSDT	0.0005093	0.0100	get 0.0050% / 4h	47m 46s	$669K	$382K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.008%Rate

Funding earned: $0
Price spread: +0.008% → +0.042%: −$3.46
Slippage, 4 orders: −$69.24
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$94.71
Costs to cover: 0.912%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Bitget: live order book, 27 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 Binance live order book, 3 min ago	1.96 bp	18.4 bp −$18	108.4 bp −$1,084	doesn't fit	doesn't fit
Sell Bitget live order book, 27 min ago	7.93 bp	24.0 bp −$24	104.7 bp −$1,047	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	−0.0092%	4h	0.0005091	−0.034%	$72K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−4.293%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005104	+0.216%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005090	−0.051%	$373K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005097	+0.090%	$14K	$9K	5x	as long as short
Binance NOTUSDTlong	+0.0100%	4h	0.0005093	long leg	$2.1M	$3.1M	50x
Bybit NOTUSDT	+0.0100%	4h	0.0005087	−0.110%	$2.1M	$821K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005094	+0.027%	$623K	$601K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005089	−0.071%	$141K	$78K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005094	+0.027%	$1.4M	$458K	200x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTM	+0.0100%	4h	0.0005095	+0.047%	$465K	$137K	50x	as long as short
Bitget NOTUSDTshort	+0.0100%	4h	0.0005093	+0.008%	$669K	$382K	50x
BingX NOT-USDT	+0.0100%	4h	0.0005093	+0.008%	—	$7.5M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005092	−0.002%	$4K	$1K	5x	as long as short
BloFin NOT-USDT	+0.0155%	4h	0.0005091	−0.031%	$111K	$17K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.4186%	1h	0.0005096	+0.067%	$50K	$10K	10x	as long as short