Funding arb · Price arb /

BB

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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 Bybit−0.022%7-day average −0.065% · you buy dearer than you sell

Net, funding: paid 7d − costs−$309as in the Funding arb table

Net, price: spread back to 7d avg − costs−$305as in the Price arb table

costs, in and out, $10k−$3093.088% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.022%, 7d avg −0.065%

Together, before fees−0.016%−$2 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 0.043% dearer against Bybit than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit BBUSDT	0.009162	0.0100	pay 0.0050% / 4h	4m 41s	$693K	$757K	25x
Short	Bitget BBUSDT	0.009160	0.0100	get 0.0050% / 4h	4m 41s	$319K	$447K	50x

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

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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 −0.022%Rate

Funding earned: $0
Price spread: −0.022% → −0.065%: $4.28
Slippage, 4 orders: −$285.85
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$304.57
Costs to cover: 3.088%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 5 min ago	5.52 bp	109.4 bp −$109	442.3 bp −$4,423	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	10.94 bp	56.0 bp −$56	258.2 bp −$2,582	doesn't fit	doesn't fit

BB on 9 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
Kraken Futures PF_BBUSD	−0.0938%	1h	0.009134	−0.304%	$22K	$1K	10x	as long as short
Aster BBUSDT	+0.0100%	4h	0.009151	−0.116%	$13K	$13K	5x	as long as short
Binance BBUSDT	+0.0100%	4h	0.009150	−0.131%	$3.3M	$6.7M	50x	as long as short
Bybit BBUSDTlong	+0.0100%	4h	0.009162	long leg	$693K	$757K	25x
Gate BB_USDT	+0.0100%	4h	0.009140	−0.240%	$134K	$204K	50x	as long as short
MEXC BB_USDT	+0.0100%	4h	0.009145	−0.186%	$1.5M	$585K	100x	as long as short
KuCoin BBUSDTM	+0.0100%	4h	0.009130	−0.349%	$448K	$80K	50x	as long as short
Bitget BBUSDTshort	+0.0100%	4h	0.009160	−0.022%	$319K	$447K	50x
BingX BB-USDT	+0.0100%	4h	0.009166	+0.044%	—	$1.3M	—	as long as short