Settings8H · net · $10k
Funding arb · Price arb /

S

all S markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%
Price spread now: Bybit against Bitget−0.124%7-day average −0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$930.935% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.057%+$6 on $10k
Price spread, last 7 days+0.067%+$7 · spread now −0.124%, 7d avg −0.115%
Together, before fees+0.124%+$12 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget SUSDT0.040220.0100pay 0.0050% / 4h2h 18m$1.2M$2.3M50x
ShortBybit SUSDT0.040170.0100get 0.0050% / 4h2h 18m$5.7M$4.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: −0.124% → −0.115%
−$0.94
Slippage, 4 orders
−$70.47
Fee Bitget: 6 bp × 2 orders
−$12
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$94.42
Costs to cover
0.935%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; Bybit: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 4 min ago4.98 bp23.1 bp −$2372.2 bp −$722doesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago2.49 bp25.5 bp −$2672.4 bp −$724doesn't fitdoesn't fit

S on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange SUSD−0.9952%1h0.03850−4.276%$24K$2K5xas long as short
Kraken Futures PF_SUSD−0.1809%1h0.04020−0.059%$35K$16K10xas long as short
Coinbase International S-PERP-INTX−0.1232%1h0.03961−1.517%$48K$18K25xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.04019−0.065%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.04019−0.072%$415xas long as short
Variational Omni S−0.0081%4h0.04012−0.241%$623K$25Kas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.04020−0.046%$620150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+1.939%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0084%4h0.040220.000%$100K$553K10xas long as short
Lighter S+0.0096%1h0.04027+0.124%$171K$140K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.04018−0.099%$1.0M$595K5xas long as short
Aster SUSDT+0.0100%4h0.04022+0.012%$47K$111K10xas long as short
Binance SUSDT+0.0100%4h0.040220.000%$5.7M$13.7M75xas long as short
Bybit SUSDTshort+0.0100%4h0.04017−0.124%$5.7M$4.3M50x
OKX S-USDT-SWAP+0.0100%4h0.04020−0.050%$1.0M$3.8M20xas long as short
Gate S_USDT+0.0100%4h0.04019−0.075%$327K$185K50xas long as short
MEXC S_USDT+0.0100%4h0.040220.000%$3.8M$1.7M200xas long as short
KuCoin SUSDTM+0.0100%4h0.04016−0.149%$1.8M$2.7M50xas long as short
Bitget SUSDTlong+0.0100%4h0.04022long leg$1.2M$2.3M50x
BingX S-USDT+0.0100%4h0.04019−0.075%$6.8Mas long as short
ApeX Omni SUSDT+0.0100%1h0.04020−0.050%$24K$483K50xas long as short
Extended S-USD+0.0104%1h0.04019−0.075%$226K$593K10xas long as short
BloFin S-USDT+0.0340%4h0.04024+0.050%$277K$115K75xas long as short
Deribit S_USDC-PERPETUAL+0.0745%1h0.04026+0.099%$68K$10K10xas long as short
Backpack S_USDC_PERP+0.2365%1h0.04040+0.448%$117K$426K5xas long as short