Funding arb · Price arb /

S

all S markets

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 −0.005%

Price spread now: Binance against Bitget−0.060%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

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

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days+0.042%+$4 · spread now −0.060%, 7d avg −0.038%

Together, before fees+0.035%+$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: Binance is 0.023% cheaper against Bitget than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SUSDT	0.04116	0.0100	pay 0.0050% / 4h	1h 35m	$1.2M	$2.1M	50x
Short	Binance SUSDT	0.04114	0.0100	get 0.0050% / 4h	1h 35m	$5.7M	$13.8M	75x

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 −0.060%Rate

Funding earned: $0
Price spread: −0.060% → −0.038%: −$2.29
Slippage, 4 orders: −$69.16
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$93.45
Costs to cover: 0.912%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; Binance: live order book, 5 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, 2 min ago	6.09 bp	25.2 bp −$25	66.5 bp −$665	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	1.22 bp	21.0 bp −$21	66.1 bp −$661	443.7 bp −$44.4K	doesn't fit

S on 25 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
01 Exchange SUSD	−1.1112%	1h	0.03950	−4.033%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1672%	1h	0.04109	−0.172%	$34K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1456%	1h	0.04022	−2.284%	$48K	$16K	25x	as long as short
Variational Omni S	−0.0253%	4h	0.04099	−0.420%	$637K	$30K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04113	−0.080%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04111	−0.114%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04112	−0.088%	$2K	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−0.389%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0067%	4h	0.04111	−0.121%	$102K	$332K	10x	as long as short
Lighter S	+0.0096%	1h	0.04118	+0.049%	$172K	$156K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04115	−0.017%	$1.0M	$554K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04112	−0.096%	$45K	$133K	10x	as long as short
Binance SUSDTshort	+0.0100%	4h	0.04114	−0.060%	$5.7M	$13.8M	75x
Bybit SUSDT	+0.0100%	4h	0.04108	−0.194%	$5.9M	$4.5M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04114	−0.049%	$1.1M	$4.0M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04110	−0.146%	$338K	$200K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04113	−0.073%	$4.0M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04110	−0.146%	$1.9M	$2.7M	50x	as long as short
Bitget SUSDTlong	+0.0100%	4h	0.04116	long leg	$1.2M	$2.1M	50x
BingX S-USDT	+0.0100%	4h	0.04116	0.000%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04100	−0.389%	$25K	$447K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04111	−0.131%	$231K	$1.1M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04106	−0.243%	$281K	$105K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0966%	1h	0.04116	0.000%	$69K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1600%	1h	0.04120	+0.097%	$121K	$363K	5x	as long as short