Funding arb · Price arb /

COST

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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 Bybit−0.030%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$78as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$780.779% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now −0.030%, 7d avg +0.033%

Together, before fees+0.058%+$6 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 0.064% cheaper against Bybit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit COSTUSDT	899.06	0	get 0.0000% / 8h	40m 09s	$470K	$193K	25x
Short	Bitget COSTUSDT	898.79	0	get 0.0000% / 8h	40m 09s	$397K	$125K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Bybit. 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 BybitbpFee BitgetbpOrdersPrice spread, now −0.030%Rate

Funding earned: $0
Price spread: −0.030% → +0.033%: −$6.35
Slippage, 4 orders: −$54.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$84.28
Costs to cover: 0.779%
Break-even: never at this rate

Slippage from Bybit: live order book, 30 min ago; Bitget: live order book, 30 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 Bybit live order book, 30 min ago	9.35 bp	25.5 bp −$25	66.2 bp −$662	doesn't fit	doesn't fit
Sell Bitget live order book, 30 min ago	4.95 bp	11.8 bp −$12	32.2 bp −$322	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	898.16	−0.101%	$45K	$178	20x	as long as short
Bybit COSTUSDTlong	0.0000%	8h	899.06	long leg	$470K	$193K	25x
OKX COST-USDT-SWAP	0.0000%	8h	899.03	−0.003%	$439K	$136K	10x	as long as short
Gate COST_USDT	0.0000%	8h	899.47	+0.046%	$523K	$26K	25x	as long as short
Bitget COSTUSDTshort	0.0000%	8h	898.79	−0.030%	$397K	$125K	25x
SunX COST-USDT	0.0000%	8h	898.70	−0.040%	$740	$3.3M	10x	as long as short
HTX COST-USDT	0.0000%	8h	900.70	+0.182%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0029%	1h	898.94	−0.013%	$1.1M	$3.1M	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.787%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.31	−0.083%	—	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest COST-USD-PERP	+0.0046%	1h	898.25	−0.090%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.64	−0.047%	$1.8M	$531K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	898.50	−0.062%	$41K	$845K	20x	as long as short
Variational Omni COST	+0.0233%	8h	898.89	−0.019%	$42K	$19K	—	as long as short
Binance COSTUSDT	+0.0410%	8h	899.01	−0.006%	$1.1M	$967K	20x	as long as short