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

B

all B markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0120%/8h= +13.2% APRnext payment +$0.60 per $10,000 · paid last 24h −0.003%
Price spread now: Bitget against BloFin0.000%7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$169as in the Funding arb table
Net, price: spread back to 7d avg − costs−$141as in the Price arb table
costs, in and out, $10k−$1461.457% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.237%−$24 on $10k
Price spread, last 4 days (all we have)+0.670%+$67 · spread now 0.000%, 7d avg −0.045%
Together, before fees+0.434%+$43 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bitget is 0.045% dearer against BloFin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.045%. Mind the row above: over the last 7 days funding on this pair cost −0.237%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin B-USDT0.20920.0398pay 0.0199% / 4h3h 51m$629K$42K20x
ShortBitget BUSDT0.20920.0518get 0.0259% / 4h3h 51m$2.9M$451K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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
$25.24
Price spread: 0.000% → −0.045%
$4.52
Slippage, 4 orders
−$121.67
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$115.91
Costs to cover
1.457%
Break-even
39.1 days
Slippage from BloFin: live order book, 25 min ago; Bitget: live order book, 1 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 BloFin live order book, 25 min ago7.19 bp30.8 bp −$31175.4 bp −$1,754doesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago7.18 bp32.1 bp −$32457.1 bp −$4,571doesn'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
Bybit BUSDT+0.0100%4h0.2089−0.163%$1.8M$1.1M13xas long as short
Gate B_USDT+0.0100%4h0.2088−0.191%$3.5M$662K20xas long as short
Binance BUSDT+0.0373%4h0.2091−0.048%$12.2M$2.4M20xas long as short
MEXC B_USDT+0.0374%4h0.2091−0.048%$1.3M$484K100xas long as short
Extended B-USD+0.0376%1h0.2090−0.075%$15K$302K5xas long as short
edgeX BUSDC+0.0396%4h0.2088−0.180%$3K$387K5xas long as short
BloFin B-USDTlong+0.0398%4h0.2092long leg$629K$42K20x
KuCoin BUSDTM+0.0412%4h0.2089−0.148%$1.9M$85K10xas long as short
Bitget BUSDTshort+0.0518%4h0.20920.000%$2.9M$451K10x
Aster BUSDT+0.1264%4h0.2088−0.191%$1.9M$241K5xas long as short
Show all 11 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
BingX B-USDT+0.1495%4h0.20920.000%$1.3Mas long as short