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: Bybit against Bitget−0.251%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$236as in the Funding arb table

Net, price: spread back to 7d avg − costs−$261as in the Price arb table

costs, in and out, $10k−$2352.355% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days+0.165%+$16 · spread now −0.251%, 7d avg +0.008%

Together, before fees+0.155%+$15 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: Bybit is 0.260% cheaper against Bitget than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget EDGEUSDT	0.5968	0.0100	pay 0.0050% / 4h	5m 15s	$4.7M	$1.0M	20x
Short	Bybit EDGEUSDT	0.5953	0.0100	get 0.0050% / 4h	5m 15s	$7.0M	$3.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee BitgetbpFee BybitbpOrdersPrice spread, now −0.251%Rate

Funding earned: $0
Price spread: −0.251% → +0.008%: −$25.95
Slippage, 4 orders: −$212.47
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$261.42
Costs to cover: 2.355%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Bybit: live order book, 3 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 Bitget live order book, 3 min ago	10.06 bp	34.1 bp −$34	436.9 bp −$4,369	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.36 bp	89.9 bp −$90	339.8 bp −$3,398	doesn't fit	doesn't fit

EDGE on 17 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
Backpack EDGE_USDC_PERP	+0.0093%	1h	0.5952	−0.266%	$58K	$101K	3.3x	as long as short
Lighter EDGE	+0.0096%	1h	0.5958	−0.173%	$54K	$10K	3x	as long as short
Bybit EDGEUSDTshort	+0.0100%	4h	0.5953	−0.251%	$7.0M	$3.3M	25x
Bitget EDGEUSDTlong	+0.0100%	4h	0.5968	long leg	$4.7M	$1.0M	20x
Variational Omni EDGE	+0.0100%	4h	0.5941	−0.449%	$190K	$133K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5962	−0.105%	$7K	$1.8M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5957	−0.184%	$9K	$289K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5924	−0.737%	$4K	$613K	10x	as long as short
KuCoin EDGEUSDTM	+0.0172%	4h	0.5961	−0.117%	$2.1M	$2.2M	50x	as long as short
BloFin EDGE-USDT	+0.0607%	4h	0.5971	+0.050%	$644K	$96K	50x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster EDGEUSDT	+0.0611%	4h	0.5965	−0.048%	$69K	$133K	5x	as long as short
Binance EDGEUSDT	+0.0631%	4h	0.5971	+0.050%	$10.1M	$10.1M	50x	as long as short
Extended EDGE-USD	+0.0632%	1h	0.5980	+0.198%	$27K	$230K	5x	as long as short
MEXC EDGE_USDT	+0.0636%	4h	0.5969	+0.017%	$1.2M	$917K	50x	as long as short
edgeX EDGEUSDC	+0.0680%	4h	0.5961	−0.113%	$14.2M	$3.5M	30x	as long as short
OKX EDGE-USDT-SWAP	+0.0691%	4h	0.5973	+0.084%	$3.7M	$5.9M	20x	as long as short
Orderly PERP_EDGE_USDC	+0.0736%	4h	0.5969	+0.017%	$3K	—	10x	as long as short