Funding arb · Price arb /

COST

RWAall COST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: tradeXYZ against Bitget−0.014%7-day average −0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$550.549% of the position

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.014%, 7d avg −0.079%

Together, before fees+0.010%+ Points / potential airdroptradeXYZ: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.064% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COSTUSDT	898.36	0	get 0.0000% / 8h	6h 59m	$403K	$111K	25x
Short	tradeXYZ xyz:COST	898.23	0.0050	get 0.0006% / 1h	59m 33s	$1.8M	$532K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now −0.014%Rate

Funding earned: $10.5
Price spread: −0.014% → −0.079%: $6.43
Slippage, 4 orders: −$24.87
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$37.94
Costs to cover: 0.549%
Break-even: 32.3 days

Slippage from Bitget: live order book, 1 min ago; tradeXYZ: live order book, 8 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, 1 min ago	5.90 bp	13.8 bp −$14	29.3 bp −$293	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	0.06 bp	10.4 bp −$10	doesn't fit	doesn't fit	doesn't fit

COST on 15 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 COSTUSDT	0.0000%	8h	898.28	−0.009%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	898.51	+0.017%	$491K	$218K	25x	as long as short
Gate COST_USDT	0.0000%	8h	898.52	+0.018%	$523K	$7K	25x	as long as short
Bitget COSTUSDTlong	0.0000%	8h	898.36	long leg	$403K	$111K	25x
SunX COST-USDT	0.0000%	8h	897.80	−0.062%	$1K	$3.1M	10x	as long as short
HTX COST-USDT	0.0000%	8h	899.67	+0.146%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0017%	1h	898.16	−0.022%	$1.1M	$3.0M	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.710%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.012%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	898.00	−0.040%	—	—	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
tradeXYZ xyz:COSTshort	+0.0050%	1h	898.23	−0.014%	$1.8M	$532K	20x
OKX COST-USDT-SWAP	+0.0059%	8h	898.40	+0.004%	$444K	$121K	10x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	897.50	−0.096%	$47K	$861K	20x	as long as short
Variational Omni COST	+0.0269%	8h	898.37	+0.001%	$42K	$17K	—	as long as short
Binance COSTUSDT	+0.0416%	8h	898.35	−0.001%	$1.1M	$945K	20x	as long as short