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

BX

RWAall BX markets
SwapBacktest
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: Bitget against Bybit−0.032%7-day average +0.110% · you buy dearer than you sell
Net, funding: paid 7d − costs−$282as in the Funding arb table
Net, price: spread back to 7d avg − costs−$311as in the Price arb table
costs, in and out, $10k−$2972.969% of the position
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)+0.094%+$9 · spread now −0.032%, 7d avg +0.110%
Together, before fees+0.242%+$24 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 0.142% cheaper against Bybit than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.110%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit BXUSDT126.700get 0.0000% / 8h19m 35s$490K$863K25x
ShortBitget BXUSDT126.660get 0.0000% / 8h19m 35s$903K$44K20x

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: −0.032% → +0.110%
−$14.18
Slippage, 4 orders
−$273.88
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$311.06
Costs to cover
2.969%
Break-even
never at this rate
Slippage from Bybit: live order book, 55 min ago; Bitget: live order book, 56 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, 55 min ago4.74 bp103.1 bp −$103214.8 bp −$2,148doesn't fitdoesn't fit
Sell Bitget live order book, 56 min ago11.85 bp56.1 bp −$5665.1 bp −$651doesn't fitdoesn't fit

BX on 14 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
Aster BXUSDT0.0000%8h126.36−0.266%$5K$2K20xas long as short
Bybit BXUSDTlong0.0000%8h126.70long leg$490K$863K25x
QFEX BX-USD0.0000%1h129.37+2.107%$1.1M$1.3M10xas long as short
Gate BX_USDT0.0000%8h126.78+0.063%$426K$27K20xas long as short
Bitget BXUSDTshort0.0000%8h126.66−0.032%$903K$44K20x
SunX BX-USDT0.0000%8h126.55−0.118%$826$305K10xas long as short
HTX BX-USDT0.0000%8h126.60−0.079%$7K$3K20xas long as short
Injective BX/USDC PERP+0.0220%1h138.57+9.369%$4K$32K12xas long as short
tradeXYZ xyz:BX+0.0252%1h126.39−0.245%$665K$187K10xas long as short
OKX BX-USDT-SWAP+0.0304%8h126.46−0.189%$162K$109K20xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin BXUSDTM+0.1195%8h126.48−0.174%$112K$1.1M20xas long as short
Variational Omni BX+0.1220%8h126.48−0.171%$31K$127as long as short
Binance BXUSDT+0.1583%8h126.54−0.126%$796K$470K20xas long as short
GRVT BX_USDT_Perp+0.2308%8h126.48−0.174%$1K$123K10xas long as short