Funding arb · Price arb /

BX

RWAall BX 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 0.000%

Price spread now: Bitget against OKX+0.127%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$659as in the Funding arb table

Net, price: spread back to 7d avg − costs−$663as in the Price arb table

costs, in and out, $10k−$6666.665% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.075%+$7 on $10k

Price spread, last 4 days (all we have)−0.035%−$4 · spread now +0.127%, 7d avg +0.093%

Together, before fees+0.039%+$4 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 0.033% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX BX-USDT-SWAP	126.37	0	get 0.0000% / 8h	1h 47m	$159K	$101K	20x
Short	Bitget BXUSDT	126.53	0	get 0.0000% / 8h	1h 47m	$903K	$47K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.127%Rate

Funding earned: $0
Price spread: +0.127% → +0.093%: $3.32
Slippage, 4 orders: −$644.49
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$663.17
Costs to cover: 6.665%
Break-even: never at this rate

Slippage from OKX: live order book, 32 min ago; Bitget: live order book, 33 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 OKX live order book, 32 min ago	9.89 bp	61.3 bp −$61	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 33 min ago	18.19 bp	50.2 bp −$50	86.8 bp −$868	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
QFEX BX-USD	−0.0080%	1h	126.63	+0.206%	$1.1M	$1.2M	10x	as long as short
Aster BXUSDT	0.0000%	8h	126.22	−0.120%	$5K	$2K	20x	as long as short
Bybit BXUSDT	0.0000%	8h	126.47	+0.079%	$500K	$855K	25x	as long as short
OKX BX-USDT-SWAPlong	0.0000%	8h	126.37	long leg	$159K	$101K	20x
Gate BX_USDT	0.0000%	8h	126.42	+0.040%	$425K	$20K	20x	as long as short
Bitget BXUSDTshort	0.0000%	8h	126.53	+0.127%	$903K	$47K	20x
SunX BX-USDT	0.0000%	8h	126.49	+0.095%	$913	$301K	10x	as long as short
HTX BX-USDT	0.0000%	8h	126.56	+0.150%	$7K	$3K	20x	as long as short
Injective BX/USDC PERP	+0.0220%	1h	126.23	−0.111%	$1K	$27K	12x	as long as short
Variational Omni BX	+0.0513%	8h	126.46	+0.075%	$31K	$127	—	as long as short

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin BXUSDTM	+0.0524%	8h	126.50	+0.103%	$112K	$1.2M	20x	as long as short
tradeXYZ xyz:BX	+0.0600%	1h	126.37	0.000%	$663K	$177K	10x	as long as short
Binance BXUSDT	+0.0797%	8h	126.47	+0.079%	$804K	$455K	20x	as long as short
GRVT BX_USDT_Perp	+0.1662%	8h	126.45	+0.065%	$1K	$127K	10x	as long as short