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 +0.036%
Price spread now: Bitget against OKX+0.076%7-day average +0.063% · you sell dearer than you buy
Net, funding: paid 7d − costs−$104as in the Funding arb table
Net, price: spread back to 7d avg − costs−$117as in the Price arb table
costs, in and out, $10k−$1191.186% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.142%+$14 on $10k
Price spread, last 7 days−0.069%−$7 · spread now +0.076%, 7d avg +0.063%
Together, before fees+0.072%+$7 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX S-USDT-SWAP0.039600.0100pay 0.0050% / 4h3h 28m$982K$3.8M20x
ShortBitget SUSDT0.039630.0100get 0.0050% / 4h3h 28m$1.2M$2.2M50x

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

Funding earned
$0
Price spread: +0.076% → +0.063%
$1.26
Slippage, 4 orders
−$96.57
Fee OKX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$117.31
Costs to cover
1.186%
Break-even
never at this rate
Slippage from OKX: live order book, 4 min ago; Bitget: live order book, 4 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 OKX live order book, 4 min ago3.81 bp33.6 bp −$34doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago5.07 bp20.1 bp −$2059.8 bp −$598doesn'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−0.2456%1h0.03840−3.030%$24K$2K5xas long as short
Kraken Futures PF_SUSD−0.2245%1h0.03968+0.194%$33K$13K10xas long as short
Coinbase International S-PERP-INTX−0.1344%1h0.03927−0.833%$48K$16K25xas long as short
GMX S/USD [WBTC.b-USDC]L −0.0206% / S +0.0198%1h0.03966+0.162%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03967+0.177%$415xas long as short
Variational Omni S−0.0038%4h0.03964+0.109%$613K$30Kas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03967+0.173%$611150xas long as short
Injective S/USDC PERP+0.0033%1h0.04100+3.535%$2K$37K12xas long as short
Orderly PERP_S_USDC+0.0081%4h0.03968+0.202%$98K$288K10xas long as short
Lighter S+0.0096%1h0.03966+0.152%$167K$156K5xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hyperliquid S+0.0100%1h0.03962+0.040%$992K$592K5xas long as short
Aster SUSDT+0.0100%4h0.03962+0.060%$47K$142K10xas long as short
Binance SUSDT+0.0100%4h0.03962+0.051%$5.5M$13.9M75xas long as short
Bybit SUSDT+0.0100%4h0.03955−0.126%$5.7M$4.5M50xas long as short
OKX S-USDT-SWAPlong+0.0100%4h0.03960long leg$982K$3.8M20x
Gate S_USDT+0.0100%4h0.03959−0.025%$322K$190K50xas long as short
MEXC S_USDT+0.0100%4h0.03961+0.025%$3.6M$1.7M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03959−0.025%$1.8M$2.7M50xas long as short
Bitget SUSDTshort+0.0100%4h0.03963+0.076%$1.2M$2.2M50x
BingX S-USDT+0.0100%4h0.03959−0.025%$6.8Mas long as short
ApeX Omni SUSDT+0.0100%1h0.039600.000%$20K$462K50xas long as short
Extended S-USD+0.0104%1h0.03960−0.011%$225K$1.1M10xas long as short
BloFin S-USDT+0.0340%4h0.03976+0.404%$274K$102K75xas long as short
Deribit S_USDC-PERPETUAL+0.1011%1h0.03971+0.278%$67K$10K10xas long as short
Backpack S_USDC_PERP+0.1582%1h0.03970+0.253%$115K$422K5xas long as short