Funding arb · Price arb /

F

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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 −0.008%

Price spread now: Bitget against OKX+0.322%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$770.769% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.400%−$40 on $10k

Price spread, last 7 days−0.377%−$38 · spread now +0.322%, 7d avg −0.016%

Together, before fees−0.777%−$78 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 0.337% dearer against OKX than usual: you sell high and buy low, +$34 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX F-USDT-SWAP	0.003730	0.0100	pay 0.0050% / 4h	1m 31s	$753K	$2.2M	20x
Short	Bitget FUSDT	0.003742	0.0100	get 0.0050% / 4h	1m 31s	$490K	$946K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.322%Rate

Funding earned: $0
Price spread: +0.322% → −0.016%: $33.72
Slippage, 4 orders: −$54.93
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$43.2
Costs to cover: 0.769%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; Bitget: live order book, 34 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 OKX live order book, 5 min ago	1.34 bp	20.5 bp −$20	104.0 bp −$1,040	doesn't fit	doesn't fit
Sell Bitget live order book, 34 min ago	1.34 bp	21.4 bp −$21	52.0 bp −$520	doesn't fit	doesn't fit

F on 10 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
Aster FUSDT	+0.0100%	4h	0.003735	+0.139%	$15K	$24K	5x	as long as short
Binance FUSDT	+0.0100%	4h	0.003732	+0.054%	$4.0M	$7.2M	50x	as long as short
Bybit FUSDT	+0.0100%	4h	0.003733	+0.080%	$2.4M	$2.4M	25x	as long as short
OKX F-USDT-SWAPlong	+0.0100%	4h	0.003730	long leg	$753K	$2.2M	20x
Gate F_USDT	+0.0100%	8h	0.003737	+0.188%	$213K	$1.4M	25x	as long as short
MEXC F_USDT	+0.0100%	4h	0.003740	+0.268%	$646K	$181K	50x	as long as short
KuCoin FUSDTM	+0.0100%	4h	0.003735	+0.134%	$783K	$1.2M	30x	as long as short
Bitget FUSDTshort	+0.0100%	4h	0.003742	+0.322%	$490K	$946K	50x
BingX F-USDT	+0.0100%	4h	0.003733	+0.080%	—	$6.6M	—	as long as short
Variational Omni F	+0.0100%	4h	0.003725	−0.134%	$710	$386	—	as long as short