Funding arb · Price arb /

BE

RWAall BE markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.025%

Price spread now: Bitget against Binance−0.053%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$530.532% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 2 days (all we have)+0.079%+$8 · spread now −0.053%, 7d avg −0.015%

Together, before fees+0.083%+$8 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 0.038% cheaper against Binance than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BEUSDT	272.56	0	get 0.0000% / 8h	2h 00m	$8.5M	$37.4M	25x
Short	Bitget BEUSDT	272.41	0	get 0.0000% / 8h	2h 00m	$1.7M	$2.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.053%Rate

Funding earned: $0
Price spread: −0.053% → −0.015%: −$3.84
Slippage, 4 orders: −$31.2
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$57.04
Costs to cover: 0.532%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; Bitget: live order book, 2 min ago.

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 Binance live order book, 11 min ago	1.28 bp	12.9 bp −$13	20.8 bp −$208	136.7 bp −$13.7K	doesn't fit
Sell Bitget live order book, 2 min ago	2.20 bp	10.6 bp −$11	33.7 bp −$337	doesn't fit	doesn't fit

BE on 21 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
Aster BEUSDT	0.0000%	8h	272.95	+0.145%	$343K	$116K	20x	as long as short
Extended BE-USD	0.0000%	1h	272.52	−0.012%	$46K	$270K	10x	as long as short
Binance BEUSDTlong	0.0000%	8h	272.56	long leg	$8.5M	$37.4M	25x
Bybit BEUSDT	0.0000%	8h	272.50	−0.020%	$2.0M	$1.2M	25x	as long as short
Gate BE_USDT	0.0000%	8h	272.40	−0.057%	$1.5M	$3.8M	50x	as long as short
Bitget BEUSDTshort	0.0000%	8h	272.41	−0.053%	$1.7M	$2.7M	20x
GRVT BE_USDT_Perp	0.0000%	8h	272.72	+0.061%	$7K	$200K	10x	as long as short
SunX BE-USDT	0.0000%	8h	272.54	−0.006%	$1K	$2.6M	10x	as long as short
HTX BE-USDT	0.0000%	8h	272.59	+0.013%	$13K	$33K	20x	as long as short
OKX BE-USDT-SWAP	+0.0003%	8h	272.64	+0.031%	$2.6M	$6.8M	25x	as long as short

Show all 21 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Coinbase International BE-PERP-INTX	+0.0008%	1h	272.24	−0.116%	$467K	$121K	10x	as long as short
Lighter BE	+0.0032%	1h	272.25	−0.112%	—	—	10x	as long as short
Lighter RH BE	+0.0032%	1h	272.46	−0.035%	$248K	$481K	10x	as long as short
QFEX BE-USD	+0.0038%	1h	272.49	−0.024%	$1.3M	$3.7M	10x	as long as short
Arcus BE-USD	+0.0040%	1h	272.39	−0.061%	$114K	$134K	10x	as long as short
Vest BE-USD-PERP	+0.0046%	1h	272.35	−0.075%	—	—	10x	as long as short
KuCoin BEUSDTM	+0.0100%	8h	272.58	+0.009%	$367K	$24K	20x	as long as short
Aevo BE-PERP	+0.0104%	1h	272.53	−0.010%	—	—	10x	as long as short
tradeXYZ xyz:BE	+0.0119%	1h	272.51	−0.017%	$5.8M	$2.9M	10x	as long as short
BloFin BE-USDT	+0.0120%	8h	272.64	+0.031%	$45K	$141K	20x	as long as short
Deribit BE_USDC-PERPETUAL	+0.0668%	1h	272.58	+0.009%	$6K	$4K	10x	as long as short