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+0.118%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$262as in the Funding arb table

Net, price: spread back to 7d avg − costs−$251as in the Price arb table

costs, in and out, $10k−$2632.634% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.110%−$11 · spread now +0.118%, 7d avg −0.009%

Together, before fees−0.100%−$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 0.127% dearer against Bybit than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit EDGEUSDT	0.5915	0.0100	pay 0.0050% / 4h	1h 37m	$7.1M	$3.3M	25x
Short	Bitget EDGEUSDT	0.5922	0.0100	get 0.0050% / 4h	1h 37m	$4.7M	$1.1M	20x

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 +0.118%Rate

Funding earned: $0
Price spread: +0.118% → −0.009%: $12.69
Slippage, 4 orders: −$240.39
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$250.7
Costs to cover: 2.634%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 5 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	2.54 bp	110.5 bp −$111	404.3 bp −$4,043	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	4.22 bp	36.4 bp −$36	254.9 bp −$2,549	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
Lighter EDGE	+0.0096%	1h	0.5916	+0.015%	$43K	$19K	3x	as long as short
Bybit EDGEUSDTlong	+0.0100%	4h	0.5915	long leg	$7.1M	$3.3M	25x
KuCoin EDGEUSDTM	+0.0100%	4h	0.5926	+0.186%	$2.1M	$2.2M	50x	as long as short
Bitget EDGEUSDTshort	+0.0100%	4h	0.5922	+0.118%	$4.7M	$1.1M	20x
Backpack EDGE_USDC_PERP	+0.0100%	1h	0.5921	+0.098%	$60K	$105K	3.3x	as long as short
Variational Omni EDGE	+0.0100%	4h	0.5912	−0.045%	$191K	$133K	—	as long as short
GRVT EDGE_USDT_Perp	+0.0100%	4h	0.5924	+0.145%	$3K	$2.1M	10x	as long as short
ApeX Omni EDGEUSDT	+0.0100%	1h	0.5929	+0.237%	$9K	$305K	50x	as long as short
SunX EDGE-USDT	+0.0100%	4h	0.5883	−0.541%	$4K	$619K	10x	as long as short
Extended EDGE-USD	+0.0448%	1h	0.5918	+0.049%	$27K	$193K	5x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance EDGEUSDT	+0.0449%	4h	0.5922	+0.118%	$10.1M	$10.4M	50x	as long as short
MEXC EDGE_USDT	+0.0454%	4h	0.5929	+0.237%	$1.1M	$900K	50x	as long as short
OKX EDGE-USDT-SWAP	+0.0455%	4h	0.5926	+0.186%	$3.7M	$5.8M	20x	as long as short
BloFin EDGE-USDT	+0.0466%	4h	0.5927	+0.203%	$656K	$101K	50x	as long as short
edgeX EDGEUSDC	+0.0467%	4h	0.5931	+0.278%	$14.2M	$3.6M	30x	as long as short
Aster EDGEUSDT	+0.0477%	4h	0.5922	+0.113%	$68K	$129K	5x	as long as short
Orderly PERP_EDGE_USDC	+0.0656%	4h	0.5926	+0.186%	$3K	—	10x	as long as short