Funding arb · Price arb /

BX

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.018%

Price spread now: Bitget against Gate−0.103%7-day average +0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$242as in the Funding arb table

Net, price: spread back to 7d avg − costs−$259as in the Price arb table

costs, in and out, $10k−$2402.405% of the position

Long on Gate Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)+0.200%+$20 · spread now −0.103%, 7d avg +0.083%

Together, before fees+0.182%+$18 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 0.186% cheaper against Gate than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.083%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate BX_USDT	126.78	0	get 0.0000% / 8h	20m 26s	$423K	$25K	20x
Short	Bitget BXUSDT	126.65	0	get 0.0000% / 8h	20m 26s	$900K	$28K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Gate. 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 GatebpFee BitgetbpOrdersPrice spread, now −0.103%Rate

Funding earned: $0
Price spread: −0.103% → +0.083%: −$18.56
Slippage, 4 orders: −$213.49
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$259.06
Costs to cover: 2.405%
Break-even: never at this rate

Slippage from Gate: live order book, 15 min ago; Bitget: 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 Gate live order book, 15 min ago	15.81 bp	41.0 bp −$41	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 15 min ago	14.63 bp	48.1 bp −$48	78.0 bp −$780	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
Aster BXUSDT	0.0000%	8h	126.36	−0.332%	$5K	$868	20x	as long as short
Binance BXUSDT	0.0000%	8h	126.65	−0.103%	$772K	$494K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.69	−0.071%	$482K	$804K	25x	as long as short
OKX BX-USDT-SWAP	0.0000%	8h	126.70	−0.063%	$164K	$114K	20x	as long as short
QFEX BX-USD	0.0000%	1h	126.91	+0.103%	$1.1M	$1.4M	10x	as long as short
Gate BX_USDTlong	0.0000%	8h	126.78	long leg	$423K	$25K	20x
Bitget BXUSDTshort	0.0000%	8h	126.65	−0.103%	$900K	$28K	20x
Variational Omni BX	0.0000%	8h	126.63	−0.116%	$43K	$12K	—	as long as short
SunX BX-USDT	0.0000%	8h	126.65	−0.103%	$1K	$300K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.86	+0.063%	$7K	$4K	20x	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:BX	+0.0050%	1h	126.41	−0.292%	$665K	$245K	10x	as long as short
GRVT BX_USDT_Perp	+0.0095%	8h	126.73	−0.043%	$630	$100K	10x	as long as short
KuCoin BXUSDTM	+0.0100%	8h	126.38	−0.316%	$111K	$769K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	138.74	+9.434%	$4K	$32K	12x	as long as short