Funding arb · Price arb /

BX

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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 0.000%

Price spread now: Bybit against Bitget−0.158%7-day average −0.111% · you buy dearer than you sell

Net, funding: paid 7d − costs−$705as in the Funding arb table

Net, price: spread back to 7d avg − costs−$695as in the Price arb table

costs, in and out, $10k−$6906.903% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.148%−$15 on $10k

Price spread, last 4 days (all we have)+0.037%+$4 · spread now −0.158%, 7d avg −0.111%

Together, before fees−0.111%−$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: Bybit is 0.047% cheaper against Bitget than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.111%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget BXUSDT	126.50	0	get 0.0000% / 8h	2h 04m	$902K	$47K	20x
Short	Bybit BXUSDT	126.30	0	get 0.0000% / 8h	2h 04m	$500K	$855K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.158%Rate

Funding earned: $0
Price spread: −0.158% → −0.111%: −$4.72
Slippage, 4 orders: −$667.28
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$695
Costs to cover: 6.903%
Break-even: never at this rate

Slippage from Bitget: live order book, 16 min ago; Bybit: live order book, 15 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 Bitget live order book, 16 min ago	18.19 bp	451.1 bp −$451	843.7 bp −$8,437	doesn't fit	doesn't fit
Sell Bybit live order book, 15 min ago	2.37 bp	96.2 bp −$96	244.7 bp −$2,447	doesn't fit	doesn't fit

BX on 14 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
Injective BX/USDC PERP	−0.0220%	1h	126.23	−0.213%	$2K	$27K	12x	as long as short
Aster BXUSDT	0.0000%	8h	126.17	−0.264%	$5K	$2K	20x	as long as short
Bybit BXUSDTshort	0.0000%	8h	126.30	−0.158%	$500K	$855K	25x
OKX BX-USDT-SWAP	0.0000%	8h	126.47	−0.024%	$159K	$102K	20x	as long as short
Gate BX_USDT	0.0000%	8h	126.45	−0.040%	$425K	$20K	20x	as long as short
Bitget BXUSDTlong	0.0000%	8h	126.50	long leg	$902K	$47K	20x
SunX BX-USDT	0.0000%	8h	126.44	−0.047%	$1K	$304K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.52	+0.016%	$7K	$3K	20x	as long as short
QFEX BX-USD	+0.0018%	1h	126.33	−0.134%	$1.1M	$1.2M	10x	as long as short
KuCoin BXUSDTM	+0.0346%	8h	126.33	−0.134%	$112K	$1.2M	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni BX	+0.0376%	8h	126.45	−0.036%	$31K	$127	—	as long as short
Binance BXUSDT	+0.0622%	8h	126.46	−0.032%	$805K	$451K	20x	as long as short
tradeXYZ xyz:BX	+0.0796%	1h	126.28	−0.174%	$663K	$176K	10x	as long as short
GRVT BX_USDT_Perp	+0.1410%	8h	126.42	−0.064%	$298	$127K	10x	as long as short