Funding arb · Price arb /

NOT

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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−0.096%7-day average −0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$940.937% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.024%−$2 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.096%, 7d avg −0.042%

Together, before fees+0.030%+$3 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 0.053% cheaper against Bitget than usual: you would sell low and buy high, −$5 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	Bitget NOTUSDT	0.0005025	0.0100	pay 0.0050% / 4h	3h 55m	$673K	$469K	50x
Short	Binance NOTUSDT	0.0005020	0.0100	get 0.0050% / 4h	3h 55m	$2.1M	$2.9M	50x

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 −0.096%Rate

Funding earned: $0
Price spread: −0.096% → −0.042%: −$5.32
Slippage, 4 orders: −$71.7
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$99.03
Costs to cover: 0.937%
Break-even: never at this rate

Slippage from Bitget: live order book, 40 min ago; Binance: live order book, 10 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, 40 min ago	7.94 bp	23.6 bp −$24	162.8 bp −$1,628	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	3.97 bp	24.6 bp −$25	124.9 bp −$1,249	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
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.005%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005032	+0.133%	$11K	$6K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005020	−0.100%	$340K	$65K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005027	+0.034%	$14K	$9K	5x	as long as short
Binance NOTUSDTshort	+0.0100%	4h	0.0005020	−0.096%	$2.1M	$2.9M	50x
Bybit NOTUSDT	+0.0100%	4h	0.0005020	−0.100%	$2.1M	$813K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005017	−0.159%	$642K	$651K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005020	−0.100%	$141K	$59K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005022	−0.060%	$1.3M	$452K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005020	−0.100%	$487K	$130K	50x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget NOTUSDTlong	+0.0100%	4h	0.0005025	long leg	$673K	$469K	50x
BingX NOT-USDC	+0.0100%	4h	0.0005026	+0.020%	—	$732K	—	as long as short
Variational Omni NOT	+0.0100%	4h	0.0005016	−0.176%	$71K	$38K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005021	−0.078%	$4K	—	5x	as long as short
BloFin NOT-USDT	+0.0135%	4h	0.0005022	−0.060%	$109K	$18K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.1154%	1h	0.0005024	−0.015%	$49K	$5K	10x	as long as short