Funding arb · Price arb /

H

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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: Bybit against Bitget+0.201%7-day average −0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$373as in the Funding arb table

Net, price: spread back to 7d avg − costs−$344as in the Price arb table

costs, in and out, $10k−$3733.733% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.395%−$40 · spread now +0.201%, 7d avg −0.093%

Together, before fees−0.395%−$40 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 0.294% dearer against Bitget than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of −0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HUSDT	0.06877	0.0100	pay 0.0050% / 4h	3h 11m	$1.7M	$453K	4x
Short	Bybit HUSDT	0.06891	0.0100	get 0.0050% / 4h	3h 11m	$7.5M	$4.7M	13x

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 +0.201%Rate

Funding earned: $0
Price spread: +0.201% → −0.093%: $29.4
Slippage, 4 orders: −$350.32
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$343.92
Costs to cover: 3.733%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; Bybit: 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 Bitget live order book, 5 min ago	6.50 bp	166.3 bp −$166	660.7 bp −$6,607	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.90 bp	40.3 bp −$40	185.0 bp −$1,850	doesn't fit	doesn't fit

H on 14 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
Injective H/USDC PERP	+0.0033%	1h	0.06250	−9.117%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0065%	4h	0.06908	+0.451%	$600K	$114K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06890	+0.194%	$114K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06904	+0.390%	$14.8M	$10.8M	10x	as long as short
Bybit HUSDTshort	+0.0100%	4h	0.06891	+0.201%	$7.5M	$4.7M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.06904	+0.393%	$1.7M	$6.0M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06890	+0.189%	$2.8M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06903	+0.378%	$6.2M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06890	+0.189%	$1.6M	$10.0M	8x	as long as short
Bitget HUSDTlong	+0.0100%	4h	0.06877	long leg	$1.7M	$453K	4x

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX H-USDT	+0.0100%	4h	0.06896	+0.276%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.06926	+0.719%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06924	+0.683%	$1.1M	$436K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06899	+0.319%	$9K	$103K	5x	as long as short