Funding arb · Price arb /

COIN

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0587%/8h= +64.3% APRpaid last 24h +0.011%

Price spread now: Arcus against Bitget−0.025%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Arcus is 0.025% cheaper against Bitget than usual: you would sell low and buy high (spread −0.025% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 3 hours of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COINUSDT	197.87	−0.0547	get 0.0547% / 8h	6h 17m	$6.5M	$10.1M	20x
Short	Arcus COIN-USD	197.82	0.0040	get 0.0005% / 1h	17m 11s	$16K	$53K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.025%Rate

Funding earned: $123.33
Price spread: −0.025% → 0.000%: −$2.53
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $104.3
Costs to cover: 0.165%
Break-even: 1.1 days

Slippage unknown: Bitget: live order book, 1 min ago; Arcus: no order-book sample. Net counts fees only.

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, 1 min ago	1.77 bp	12.3 bp −$12	20.5 bp −$205	doesn't fit	doesn't fit
Sell Arcus no order-book sample	—	—	—	—	—

Arcus: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

COIN on 25 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
Bitget COINUSDTlong	−0.0547%	8h	197.87	long leg	$6.5M	$10.1M	20x
Injective COIN/USDC PERP	−0.0440%	1h	197.10	−0.389%	$43K	$48K	30x	as long as short
Vest COIN-USD-PERP	−0.0046%	1h	197.25	−0.313%	—	$291K	25x	as long as short
Gate COIN_USDT	−0.0012%	8h	197.69	−0.091%	$1.2M	$7.0M	50x	as long as short
Aster COINUSDT	0.0000%	8h	197.99	+0.059%	$366K	$856K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	197.66	−0.107%	$117K	$694K	10x	as long as short
Binance COINUSDT	0.0000%	8h	197.72	−0.076%	$14.8M	$77.8M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	197.77	−0.051%	$4.9M	$5.9M	50x	as long as short
OKX COIN-USDT-SWAP	0.0000%	8h	197.76	−0.056%	$3.1M	$4.6M	20x	as long as short
Variational Omni COIN	0.0000%	8h	197.75	−0.061%	$819K	$939K	—	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT COIN_USDT_Perp	0.0000%	8h	197.57	−0.151%	$14K	$2.1M	10x	as long as short
QFEX COIN-USD	+0.0028%	1h	197.70	−0.086%	$1.3M	$3.6M	10x	as long as short
Lighter COIN	+0.0032%	1h	197.72	−0.074%	$378K	$2.0M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	197.73	−0.071%	$437K	$1.5M	10x	as long as short
Arcus COIN-USDshort	+0.0040%	1h	197.82	−0.025%	$16K	$53K	5x
tradeXYZ xyz:COIN	+0.0050%	1h	197.53	−0.172%	$15.8M	$13.5M	10x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	197.64	−0.116%	$125K	$1.2M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	197.69	−0.091%	$94	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	197.56	−0.157%	$351K	$3.0M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	197.71	−0.081%	$996K	$144K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	197.60	−0.136%	$89K	$286K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	197.67	−0.101%	$572	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	197.68	−0.094%	$117	—	10x	as long as short
Phoenix COIN	+0.0160%	1h	197.75	−0.061%	$5K	$251K	10x	as long as short
edgeX COINUSDC	+0.0503%	4h	197.53	−0.172%	$51K	$295K	10x	as long as short