Funding arb · Price arb /

COIN

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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 +0.012%

Price spread now: OKX against Bitget−0.060%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$470.472% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.048%+$5 on $10k

Price spread, last 7 days+0.005%+$1 · spread now −0.060%, 7d avg −0.011%

Together, before fees+0.054%+$5 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: OKX is 0.049% 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 −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COINUSDT	199.88	0	get 0.0000% / 8h	6h 58m	$6.8M	$9.1M	20x
Short	OKX COIN-USDT-SWAP	199.76	0	get 0.0000% / 8h	6h 58m	$3.2M	$4.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.060%Rate

Funding earned: $0
Price spread: −0.060% → −0.011%: −$4.86
Slippage, 4 orders: −$25.21
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$52.07
Costs to cover: 0.472%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; OKX: live order book, 4 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, 5 min ago	1.50 bp	11.9 bp −$12	24.2 bp −$242	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.25 bp	11.3 bp −$11	24.9 bp −$249	doesn't fit	doesn't fit

COIN on 26 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 COIN/USDC PERP	−0.0440%	1h	200.01	+0.065%	$44K	$48K	30x	as long as short
Aster COINUSDT	0.0000%	8h	199.85	−0.017%	$366K	$840K	20x	as long as short
Extended COIN_24_5-USD	0.0000%	1h	199.59	−0.143%	$119K	$705K	10x	as long as short
Binance COINUSDT	0.0000%	8h	199.75	−0.064%	$15.5M	$75.4M	20x	as long as short
Bybit COINUSDT	0.0000%	8h	199.66	−0.110%	$5.0M	$5.9M	50x	as long as short
OKX COIN-USDT-SWAPshort	0.0000%	8h	199.76	−0.060%	$3.2M	$4.4M	20x
Gate COIN_USDT	0.0000%	8h	199.83	−0.025%	$1.3M	$6.7M	50x	as long as short
Bitget COINUSDTlong	0.0000%	8h	199.88	long leg	$6.8M	$9.1M	20x
Variational Omni COIN	0.0000%	8h	200.23	+0.175%	$830K	$1.0M	—	as long as short
GRVT COIN_USDT_Perp	0.0000%	8h	200.31	+0.215%	$13K	$2.0M	10x	as long as short

Show all 26 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX COIN-USD	+0.0021%	1h	199.61	−0.135%	$1.4M	$3.7M	10x	as long as short
Lighter RH COIN	+0.0032%	1h	199.73	−0.075%	$427K	$1.4M	10x	as long as short
Arcus COIN-USD	+0.0040%	1h	200.29	+0.205%	$16K	$53K	5x	as long as short
Vest COIN-USD-PERP	+0.0046%	1h	199.77	−0.055%	—	$286K	25x	as long as short
Polymarket Perps COIN-USD	+0.0050%	1h	199.96	+0.040%	$129K	$1.2M	10x	as long as short
SoDEX COIN-USD	+0.0050%	1h	199.95	+0.035%	$102	$3K	10x	as long as short
Ondo Perps COIN-USD.P	+0.0050%	1h	199.87	−0.005%	$355K	$3.3M	10x	as long as short
Lighter COIN	+0.0056%	1h	199.62	−0.132%	$394K	$2.0M	10x	as long as short
KuCoin COINUSDTM	+0.0100%	8h	199.75	−0.065%	$1.0M	$120K	20x	as long as short
ApeX Omni COINUSDT	+0.0100%	1h	200.36	+0.240%	$90K	$287K	50x	as long as short
Orderly PERP_COIN_USDC_mythos	+0.0100%	8h	199.96	+0.040%	$578	$4K	10x	as long as short
Aevo COIN-PERP	+0.0104%	1h	199.98	+0.052%	$118	—	10x	as long as short
BloFin COIN-USDT	+0.0120%	8h	200.02	+0.070%	$199K	$375K	20x	as long as short
Phoenix COIN	+0.0237%	1h	200.30	+0.210%	$5K	$250K	10x	as long as short
edgeX COINUSDC	+0.0289%	4h	200.57	+0.344%	$52K	$295K	10x	as long as short
tradeXYZ xyz:COIN	+0.0306%	1h	199.79	−0.045%	$16.5M	$13.0M	10x	as long as short