Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bitget against Bybit+0.146%7-day average +0.180% · you sell dearer than you buy

Net, funding: paid 7d − costs−$180as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1821.825% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 7 days+0.082%+$8 · spread now +0.146%, 7d avg +0.180%

Together, before fees+0.105%+$10 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 0.034% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.180%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BASEDUSDT	0.06838	0.0100	pay 0.0050% / 4h	3h 42m	$2.1M	$590K	25x
Short	Bitget BASEDUSDT	0.06848	0.0100	get 0.0050% / 4h	3h 42m	$1.3M	$352K	25x

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 +0.146%Rate

Funding earned: $0
Price spread: +0.146% → +0.180%: −$3.39
Slippage, 4 orders: −$159.5
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$185.89
Costs to cover: 1.825%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago	5.86 bp	67.8 bp −$68	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	4.39 bp	26.4 bp −$26	71.9 bp −$719	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	+0.0051%	4h	0.06838	0.000%	$251K	$41K	25x	as long as short
Binance BASEDUSDT	+0.0100%	4h	0.06849	+0.161%	$4.2M	$3.0M	25x	as long as short
Bybit BASEDUSDTlong	+0.0100%	4h	0.06838	long leg	$2.1M	$590K	25x
OKX BASED-USDT-SWAP	+0.0100%	4h	0.06842	+0.058%	$2.6M	$3.6M	20x	as long as short
Gate BASED_USDT	+0.0100%	4h	0.06843	+0.073%	$545K	$531K	50x	as long as short
MEXC BASED_USDT	+0.0100%	4h	0.06848	+0.146%	$4.8M	$643K	50x	as long as short
KuCoin BASEDUSDTM	+0.0100%	4h	0.06833	−0.073%	$572K	$55K	20x	as long as short
Bitget BASEDUSDTshort	+0.0100%	4h	0.06848	+0.146%	$1.3M	$352K	25x
BingX BASED-USDT	+0.0100%	4h	0.06842	+0.058%	—	$1.6M	—	as long as short
Variational Omni BASED	+0.0100%	4h	0.06819	−0.279%	$93K	$21K	—	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	0.06831	−0.098%	$91K	$382K	10x	as long as short
SunX BASED-USDT	+0.0100%	4h	0.06840	+0.029%	$1K	$836K	20x	as long as short
Extended BASED-USD	+0.0104%	1h	0.06847	+0.137%	$7K	$250K	5x	as long as short
Orderly PERP_BASED_USDC	+0.0293%	4h	0.06849	+0.161%	$3K	$652	10x	as long as short
Aster BASEDUSDT	+0.0338%	4h	0.06844	+0.092%	$29K	$6K	5x	as long as short