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

W

all W markets
SwapBacktest
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 0.000%
Price spread now: Bitget against Bybit+0.169%7-day average +0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$134as in the Funding arb table
Net, price: spread back to 7d avg − costs−$129as in the Price arb table
costs, in and out, $10k−$1411.405% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.061%+$6 on $10k
Price spread, last 7 days−0.167%−$17 · spread now +0.169%, 7d avg +0.057%
Together, before fees−0.106%−$11 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 0.113% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.057%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit WUSDT0.011820.0100pay 0.0050% / 4h43m 48s$4.1M$1.9M50x
ShortBitget WUSDT0.011840.0100get 0.0050% / 4h43m 48s$1.3M$582K50x

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: +0.169% → +0.057%
$11.26
Slippage, 4 orders
−$117.52
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$129.26
Costs to cover
1.405%
Break-even
never at this rate
Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 3 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, 4 min ago5.52 bp35.3 bp −$35137.6 bp −$1,376doesn't fitdoesn't fit
Sell Bitget live order book, 3 min ago4.24 bp25.0 bp −$25130.0 bp −$1,300doesn't fitdoesn't fit

W on 17 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
Deribit W_USDC-PERPETUAL0.0000%1h0.01184+0.195%$16K$2K10xas long as short
Injective W/USDC PERP+0.0033%1h0.01209+2.284%$1K$1K12xas long as short
Hyperliquid W+0.0100%1h0.01185+0.254%$2.0M$345K5xas long as short
Binance WUSDT+0.0100%4h0.01185+0.220%$2.9M$6.5M50xas long as short
Bybit WUSDTlong+0.0100%4h0.01182long leg$4.1M$1.9M50x
OKX W-USDT-SWAP+0.0100%4h0.01184+0.152%$1.3M$1.9M20xas long as short
Gate W_USDT+0.0100%4h0.01179−0.262%$446K$229K75xas long as short
MEXC W_USDT+0.0100%4h0.01184+0.203%$12.8M$1.4M50xas long as short
KuCoin WUSDTM+0.0100%4h0.01183+0.085%$381K$212K50xas long as short
Bitget WUSDTshort+0.0100%4h0.01184+0.169%$1.3M$582K50x
Show all 17 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX W-USDT+0.0100%4h0.01182−0.008%$6.8Mas long as short
Variational Omni W+0.0100%4h0.01179−0.260%$71K$41Kas long as short
GRVT W_USDT_Perp+0.0100%4h0.01178−0.304%$128K$409K10xas long as short
Extended W-USD+0.0104%1h0.01184+0.203%$59K$231K5xas long as short
Coinbase International W-PERP-INTX+0.0360%1h0.01183+0.068%$14K$15K50xas long as short
Backpack W_USDC_PERP+0.0457%1h0.01187+0.389%$44K$44K15xas long as short
Kraken Futures PF_WUSD+0.1684%1h0.01187+0.416%$147K$183K20xas long as short