Funding arb · Price arb /

COST

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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 −0.002%

Price spread now: Bitget against OKX−0.087%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$670.671% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.101%+$10 · spread now −0.087%, 7d avg −0.019%

Together, before fees+0.099%+$10 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 0.068% cheaper against OKX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX COST-USDT-SWAP	899.95	0	get 0.0000% / 8h	5h 02m	$447K	$109K	10x
Short	Bitget COSTUSDT	899.17	0	get 0.0000% / 8h	5h 02m	$403K	$77K	25x

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 −0.087%Rate

Funding earned: $0
Price spread: −0.087% → −0.019%: −$6.81
Slippage, 4 orders: −$45.08
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$73.89
Costs to cover: 0.671%
Break-even: never at this rate

Slippage from OKX: live order book, 58 min ago; Bitget: live order book, 53 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, 58 min ago	4.39 bp	27.0 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 53 min ago	6.56 bp	14.2 bp −$14	38.2 bp −$382	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	899.25	−0.077%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	899.14	−0.090%	$491K	$218K	25x	as long as short
OKX COST-USDT-SWAPlong	0.0000%	8h	899.95	long leg	$447K	$109K	10x
Gate COST_USDT	0.0000%	8h	899.56	−0.043%	$521K	$8K	25x	as long as short
Bitget COSTUSDTshort	0.0000%	8h	899.17	−0.087%	$403K	$77K	25x
Variational Omni COST	0.0000%	8h	899.20	−0.083%	$42K	$17K	—	as long as short
SunX COST-USDT	0.0000%	8h	899.00	−0.106%	$1K	$2.9M	10x	as long as short
HTX COST-USDT	0.0000%	8h	901.12	+0.130%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0005%	1h	899.25	−0.078%	$1.1M	$2.8M	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.886%	$2K	$28K	12x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended COST-USD	+0.0040%	1h	898.25	−0.189%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	898.81	−0.127%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	899.00	−0.106%	$1.8M	$515K	20x	as long as short
Binance COSTUSDT	+0.0077%	8h	899.47	−0.053%	$1.1M	$926K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	898.70	−0.139%	$47K	$876K	20x	as long as short