Funding arb · Price arb /

NOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against OKX+0.099%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$1141.138% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.045%−$5 · spread now +0.099%, 7d avg +0.070%

Together, before fees−0.044%−$4 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 0.028% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NOT-USDT-SWAP	0.0005076	0.0100	pay 0.0050% / 4h	2h 01m	$635K	$654K	20x
Short	Bitget NOTUSDT	0.0005081	0.0100	get 0.0050% / 4h	2h 01m	$674K	$410K	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 +0.099%Rate

Funding earned: $0
Price spread: +0.099% → +0.070%: $2.84
Slippage, 4 orders: −$91.8
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$110.96
Costs to cover: 1.138%
Break-even: never at this rate

Slippage from OKX: live order book, 64 min ago; Bitget: live order book, 63 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, 64 min ago	3.91 bp	27.8 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 63 min ago	8.79 bp	27.0 bp −$27	169.1 bp −$1,691	doesn't fit	doesn't fit

NOT on 15 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	−0.0278%	4h	0.0005066	−0.195%	$71K	$39K	—	as long as short
KuCoin NOTUSDTM	−0.0086%	4h	0.0005064	−0.236%	$464K	$133K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.980%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005085	+0.171%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005080	+0.079%	$371K	$52K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005075	−0.026%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005076	0.000%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005067	−0.177%	$2.1M	$865K	25x	as long as short
OKX NOT-USDT-SWAPlong	+0.0100%	4h	0.0005076	long leg	$635K	$654K	20x
Gate NOT_USDT	+0.0100%	4h	0.0005071	−0.099%	$143K	$82K	50x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005077	+0.020%	$1.3M	$475K	200x	as long as short
Bitget NOTUSDTshort	+0.0100%	4h	0.0005081	+0.099%	$674K	$410K	50x
BingX NOT-USDT	+0.0100%	4h	0.0005076	0.000%	—	$8.9M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005075	−0.026%	$4K	$491	5x	as long as short
Kraken Futures PF_NOTUSD	+0.0201%	1h	0.0005105	+0.580%	$50K	$9K	10x	as long as short