Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Binance−0.212%7-day average +0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$950.948% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.022%−$2 on $10k

Price spread, last 7 days+0.425%+$42 · spread now −0.212%, 7d avg +0.039%

Together, before fees+0.403%+$40 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 0.251% cheaper against Binance than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance BASEDUSDT	0.06773	0.0100	pay 0.0050% / 4h	1h 54m	$4.2M	$2.9M	25x
Short	Bitget BASEDUSDT	0.06759	0.0100	get 0.0050% / 4h	1h 54m	$1.3M	$361K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.212%Rate

Funding earned: $0
Price spread: −0.212% → +0.039%: −$25.1
Slippage, 4 orders: −$72.78
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$119.89
Costs to cover: 0.948%
Break-even: never at this rate

Slippage from Binance: live order book, 12 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 Binance live order book, 12 min ago	1.48 bp	21.1 bp −$21	113.1 bp −$1,131	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	4.43 bp	22.8 bp −$23	107.2 bp −$1,072	doesn't fit	doesn't fit

BASED 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
BloFin BASED-USDT	+0.0044%	4h	0.06773	−0.005%	$253K	$37K	25x	as long as short
Binance BASEDUSDTlong	+0.0100%	4h	0.06773	long leg	$4.2M	$2.9M	25x
Bybit BASEDUSDT	+0.0100%	4h	0.06760	−0.197%	$2.1M	$579K	25x	as long as short
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06768	−0.079%	$2.6M	$3.4M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06767	−0.094%	$538K	$518K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06772	−0.020%	$4.8M	$644K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06763	−0.153%	$564K	$110K	20x	as long as short
Bitget BASEDUSDTshort	+0.0100%	4h	0.06759	−0.212%	$1.3M	$361K	25x
BingX BASED-USDT	+0.0100%	4h	0.06765	−0.123%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06750	−0.338%	$92K	$22K	—	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT BASED_USDT_Perp	+0.0100%	4h	0.06748	−0.371%	$97K	$372K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06768	−0.079%	$1K	$797K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06772	−0.018%	$5K	$226K	5x	as long as short
Aster BASEDUSDT	+0.0122%	4h	0.06766	−0.115%	$28K	$6K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0332%	4h	0.06765	−0.123%	$3K	$652	10x	as long as short