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

US

all US markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.064%
Price spread now: Bitget against Bybit+0.110%7-day average −0.263% · you sell dearer than you buy
Net, funding: paid 7d − costs−$379as in the Funding arb table
Net, price: spread back to 7d avg − costs−$346as in the Price arb table
costs, in and out, $10k−$3833.829% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.036%+$4 on $10k
Price spread, last 7 days−0.357%−$36 · spread now +0.110%, 7d avg −0.263%
Together, before fees−0.321%−$32 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 0.373% dearer against Bybit than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of −0.263%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit USUSDT0.015450.0100pay 0.0050% / 4h3h 09m$3.1M$996K20x
ShortBitget USUSDT0.015470.0100get 0.0050% / 4h3h 09m$4.1M$292K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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: +0.110% → −0.263%
$37.32
Slippage, 4 orders
−$359.92
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$345.6
Costs to cover
3.829%
Break-even
never at this rate
Slippage from Bybit: live order book, 3 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 Bybit live order book, 3 min ago9.69 bp150.6 bp −$151doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, 4 min ago14.86 bp56.1 bp −$56244.8 bp −$2,448doesn't fitdoesn't fit

US on 11 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
KuCoin USUSDTM−0.2360%4h0.01539−0.395%$3.5M$565K20xas long as short
Aster USUSDT+0.0100%4h0.01545+0.032%$14K$52K5xas long as short
Bybit USUSDTlong+0.0100%4h0.01545long leg$3.1M$996K20x
Gate US_USDT+0.0100%4h0.01544−0.091%$1.9M$690K20xas long as short
Bitget USUSDTshort+0.0100%4h0.01547+0.110%$4.1M$292K10x
Variational Omni US+0.0100%4h0.01549+0.242%$16K$4Kas long as short
Extended US-USD+0.0208%1h0.01543−0.106%$4K$203K5xas long as short
MEXC US_USDT+0.0208%4h0.01544−0.039%$5.2M$121K100xas long as short
Binance USUSDT+0.0209%4h0.01544−0.097%$8.7M$3.6M10xas long as short
BingX US-USDT+0.0214%4h0.01544−0.045%$1.3Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BloFin US-USDT+0.0217%4h0.01547+0.142%$461K$46K10xas long as short