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−0.0257%/8h= −28.1% APRnext payment $1.28 per $10,000 · paid last 24h +0.056%
Price spread now: edgeX against Bitget+0.128%104s7-day average +0.097% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1471.468% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.255%+$26 on $10k
Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.128%, 7d avg +0.097%
Together, before fees+0.209%+ Points / potential airdropedgeX: Active · farm board+$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.031% dearer against Bitget than usual: you sell high and buy low (spread +0.128% now, against its 7-day average of +0.097%): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 10 hours. Mind the row above: over the last 7 days funding on this pair paid +0.255%, so the current rate has only just turned against you. The two prices were read 104 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BUSDT0.20430.0910pay 0.0455% / 4h2h 23m$2.8M$258K10x
ShortedgeX BUSDC0.20460.0653get 0.0327% / 4h2h 23m$3K$388K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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
−$53.94
Price spread: +0.128% → +0.097%
$3.13
Slippage, 4 orders
−$125.77
Fee Bitget: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$197.59
Costs to cover
1.468%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; edgeX: live order book, 45 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, 4 min ago4.89 bp29.2 bp −$29426.0 bp −$4,260doesn't fitdoesn't fit
Sell edgeX live order book, 45 min ago9.71 bp40.2 bp −$40doesn't fitdoesn't fitdoesn't fit

B on 10 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%4h0.2046+0.147%$3.5M$632K20xas long as short
KuCoin BUSDTM+0.0494%4h0.2047+0.181%$1.9M$72K10xas long as short
Bybit BUSDT+0.0624%4h0.2046+0.162%$1.7M$936K13xas long as short
edgeX BUSDCshort+0.0653%4h0.2046+0.128%$3K$388K5x
Binance BUSDT+0.0660%4h0.2047+0.196%$11.8M$2.0M20xas long as short
Extended B-USD+0.0664%1h0.2046+0.169%$18K$223K5xas long as short
MEXC B_USDT+0.0664%4h0.2046+0.147%$1.0M$363K100xas long as short
BingX B-USDT+0.0900%4h0.2047+0.196%$1.3Mas long as short
Bitget BUSDTlong+0.0910%4h0.2043long leg$2.8M$258K10x
Aster BUSDT+0.1385%4h0.2045+0.098%$1.9M$213K5xas long as short