Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0092%/8h= −10.1% APRpaid last 24h −2.439%

Price spread now: 01 Exchange against Bitget0.000%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SUSDT	0.03930	0.0100	pay 0.0050% / 4h	2h 12m	$1.2M	$2.9M	50x
Short	01 Exchange SUSD	0.03930	0.0008	get 0.0001% / 1h	12m 13s	$24K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now 0.000%Rate

Funding earned: −$19.32
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: −$38.32
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 5 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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, 5 min ago	5.08 bp	21.2 bp −$21	58.4 bp −$584	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_SUSD	−0.1453%	1h	0.03928	−0.045%	$33K	$30K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1264%	1h	0.03826	−2.646%	$47K	$5K	25x	as long as short
Variational Omni S	−0.0878%	4h	0.03928	−0.055%	$611K	$34K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0191% / S +0.0185%	1h	0.03929	−0.025%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.03925	−0.128%	$4	—	15x	as long as short
Orderly PERP_S_USDC	−0.0010%	4h	0.03927	−0.076%	$100K	$345K	10x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.03930	−0.009%	$606	—	150x	as long as short
Deribit S_USDC-PERPETUAL	+0.0004%	1h	0.03931	+0.025%	$66K	$10K	10x	as long as short
01 Exchange SUSDshort	+0.0008%	1h	0.03930	0.000%	$24K	$3K	5x
Aster SUSDT	+0.0022%	4h	0.03928	−0.057%	$43K	$212K	10x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective S/USDC PERP	+0.0033%	1h	0.04100	+4.326%	$2K	$37K	12x	as long as short
Lighter S	+0.0096%	1h	0.03929	−0.025%	$165K	$240K	5x	as long as short
Hyperliquid S	+0.0100%	1h	0.03925	−0.120%	$992K	$901K	5x	as long as short
Binance SUSDT	+0.0100%	4h	0.03925	−0.127%	$5.3M	$23.3M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.03920	−0.254%	$5.6M	$6.3M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.03924	−0.153%	$979K	$7.3M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.03919	−0.280%	$320K	$293K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.03925	−0.127%	$3.5M	$2.6M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.03920	−0.254%	$1.8M	$3.1M	50x	as long as short
Bitget SUSDTlong	+0.0100%	4h	0.03930	long leg	$1.2M	$2.9M	50x
BingX S-USDT	+0.0100%	4h	0.03925	−0.127%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.03940	+0.254%	$25K	$471K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.03924	−0.162%	$221K	$883K	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.03934	+0.102%	$269K	$159K	75x	as long as short
Backpack S_USDC_PERP	+0.0426%	1h	0.03940	+0.254%	$115K	$295K	5x	as long as short