Settings8H · net · $10k
Funding arb · Price arb /

B

all B markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0119%/8h= −13.0% APRnext payment $0.60 per $10,000 · paid last 24h +0.054%
Price spread now: Binance against Bitget+0.078%7-day average +0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs−$117as in the Funding arb table
Net, price: spread back to 7d avg − costs−$144as in the Price arb table
costs, in and out, $10k−$1431.426% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.254%+$25 on $10k
Price spread, last 7 days+0.180%+$18 · spread now +0.078%, 7d avg +0.091%
Together, before fees+0.434%+$43 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.091%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.254%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BUSDT0.20320.0588pay 0.0294% / 4h49m 18s$2.8M$245K10x
ShortBinance BUSDT0.20340.0469get 0.0234% / 4h49m 18s$11.7M$1.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
−$25.01
Price spread: +0.078% → +0.091%
−$1.37
Slippage, 4 orders
−$120.57
Fee Bitget: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$168.95
Costs to cover
1.426%
Break-even
never at this rate
Slippage from Bitget: live order book, 3 min ago; Binance: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 3 min ago4.93 bp34.0 bp −$34551.2 bp −$5,512doesn't fitdoesn't fit
Sell Binance live order book, 6 min ago4.90 bp38.0 bp −$38295.0 bp −$2,950doesn't fitdoesn't fit

B on 11 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate B_USDT+0.0100%4h0.2031−0.049%$3.4M$612K20xas long as short
KuCoin BUSDTM+0.0100%4h0.2032−0.010%$1.9M$73K10xas long as short
Binance BUSDTshort+0.0469%4h0.2034+0.078%$11.7M$1.9M20x
Extended B-USD+0.0472%1h0.2033+0.051%$17K$222K5xas long as short
MEXC B_USDT+0.0476%4h0.20320.000%$996K$369K100xas long as short
edgeX BUSDC+0.0490%4h0.2036+0.179%$3K$390K5xas long as short
BloFin B-USDT+0.0502%4h0.2031−0.049%$604K$39K20xas long as short
Bybit BUSDT+0.0548%4h0.2030−0.098%$1.7M$893K13xas long as short
Bitget BUSDTlong+0.0588%4h0.2032long leg$2.8M$245K10x
BingX B-USDT+0.0600%4h0.2031−0.049%$1.3Mas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BUSDT+0.1271%4h0.2033+0.027%$1.9M$212K5xas long as short