Settings8H · net · $10k
Funding arb · Price arb /

GIGGLE

all GIGGLE markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0028%/8h= −3.0% APRnext payment $0.14 per $10,000 · paid last 24h −0.004%
Price spread now: Bitget against BloFin−0.026%95s7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$81as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$790.790% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.022%−$2 on $10k
Price spread, last 3 days (all we have)+0.259%+$26 · spread now −0.026%, 7d avg +0.030%
Together, before fees+0.237%+$24 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bitget is 0.056% cheaper against BloFin than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.030%). Swap the legs. The two prices were read 95 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin GIGGLE-USDT38.5500.0128pay 0.0064% / 4h1h 19m$475K$32K50x
ShortBitget GIGGLEUSDT38.5400.0100get 0.0050% / 4h1h 19m$1.7M$491K25x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against BloFin. 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

Funding earned
−$5.82
Price spread: −0.026% → +0.030%
−$5.55
Slippage, 4 orders
−$55.02
Fee BloFin: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$90.4
Costs to cover
0.790%
Break-even
never at this rate
Slippage from BloFin: live order book, 61 min ago; Bitget: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BloFin live order book, 61 min ago3.89 bp17.1 bp −$1734.0 bp −$340doesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago3.89 bp17.8 bp −$1875.2 bp −$752doesn't fitdoesn't fit

GIGGLE on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster GIGGLEUSDT+0.0100%4h38.569+0.049%$51K$112K5xas long as short
Binance GIGGLEUSDT+0.0100%4h38.550−0.001%$10.9M$13.3M50xas long as short
Bybit GIGGLEUSDT+0.0100%4h38.560+0.026%$1.6M$1.7M25xas long as short
OKX GIGGLE-USDT-SWAP+0.0100%4h38.580+0.078%$1.2M$3.9M50xas long as short
Gate GIGGLE_USDT+0.0100%4h38.5500.000%$385K$548K50xas long as short
KuCoin GIGGLEUSDTM+0.0100%4h38.540−0.026%$2.1M$4.4M50xas long as short
Bitget GIGGLEUSDTshort+0.0100%4h38.540−0.026%$1.7M$491K25x
Variational Omni GIGGLE+0.0100%4h38.5500.000%$27K$4Kas long as short
GRVT GIGGLE_USDT_Perp+0.0100%4h38.522−0.073%$195K$612K10xas long as short
SunX GIGGLE-USDT+0.0100%4h38.520−0.078%$1K$1.3M20xas long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Extended GIGGLE-USD+0.0104%1h38.523−0.071%$2K$184K5xas long as short
BloFin GIGGLE-USDTlong+0.0128%4h38.550long leg$475K$32K50x
MEXC GIGGLE_USDT+0.0214%4h38.530−0.052%$1.5M$634K50xas long as short
BingX GIGGLE-USDT+0.0214%4h38.5500.000%$6.7Mas long as short