Funding arb · Price arb /

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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 0.000%

Price spread now: Bitget against Bybit−0.028%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$124as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1371.375% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.134%+$13 on $10k

Price spread, last 7 days−0.021%−$2 · spread now −0.028%, 7d avg +0.023%

Together, before fees+0.114%+$11 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 0.052% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ARUSDT	4.5723	0.0100	pay 0.0100% / 8h	6h 26m	$4.7M	$8.5M	75x
Short	Bitget ARUSDT	4.5710	0.0100	get 0.0100% / 8h	6h 26m	$3.9M	$5.4M	75x

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 −0.028%Rate

Funding earned: $0
Price spread: −0.028% → +0.023%: −$5.16
Slippage, 4 orders: −$114.46
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$142.62
Costs to cover: 1.375%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 2 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, 2 min ago	4.40 bp	55.1 bp −$55	154.3 bp −$1,543	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	3.30 bp	15.4 bp −$15	70.9 bp −$709	doesn't fit	doesn't fit

AR on 16 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
Kraken Futures PF_ARUSD	−0.1677%	1h	4.5684	−0.085%	$56K	$150K	20x	as long as short
Injective AR/USDC PERP	−0.0353%	1h	4.6110	+0.846%	$2K	$2K	5.5x	as long as short
GMX AR/USD [WBTC.b-USDC]	L −0.0141% / S +0.0551%	1h	4.5724	+0.003%	$588K	—	50x	as long as short
OKX AR-USDT-SWAP	−0.0117%	8h	4.5720	−0.007%	$2.3M	$19.6M	20x	as long as short
Extended AR-USD	+0.0040%	1h	4.5570	−0.334%	$37K	$238K	10x	as long as short
MEXC AR_USDT	+0.0043%	8h	4.5720	−0.007%	$6.5M	$4.3M	100x	as long as short
Binance ARUSDT	+0.0046%	8h	4.5728	+0.012%	$9.1M	$53.0M	75x	as long as short
Hyperliquid AR	+0.0100%	1h	4.5771	+0.105%	$4.1M	$4.7M	5x	as long as short
Aster ARUSDT	+0.0100%	8h	4.5597	−0.276%	$26K	$495K	10x	as long as short
Bybit ARUSDTlong	+0.0100%	8h	4.5723	long leg	$4.7M	$8.5M	75x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate AR_USDT	+0.0100%	8h	4.5730	+0.015%	$2.6M	$2.1M	50x	as long as short
KuCoin ARUSDTM	+0.0100%	8h	4.5720	−0.007%	$1.4M	$1.1M	50x	as long as short
Bitget ARUSDTshort	+0.0100%	8h	4.5710	−0.028%	$3.9M	$5.4M	75x
BingX AR-USDT	+0.0100%	8h	4.5720	−0.007%	—	$2.9M	—	as long as short
Variational Omni AR	+0.0100%	8h	4.5727	+0.010%	$188K	$211K	—	as long as short
ApeX Omni ARUSDT	+0.0100%	1h	4.5310	−0.903%	$20K	$741K	50x	as long as short