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

H

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SwapBacktest
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: OKX against Bitget+0.503%7-day average +0.125% · you sell dearer than you buy
Net, funding: paid 7d − costs−$390as in the Funding arb table
Net, price: spread back to 7d avg − costs−$357as in the Price arb table
costs, in and out, $10k−$3943.945% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.048%+$5 on $10k
Price spread, last 7 days−0.409%−$41 · spread now +0.503%, 7d avg +0.125%
Together, before fees−0.361%−$36 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: OKX is 0.378% dearer against Bitget than usual: you sell high and buy low, +$38 on $10k if it goes back to its 7-day average of +0.125%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget HUSDT0.067580.0100pay 0.0050% / 4h2h 02m$1.7M$451K4x
ShortOKX H-USDT-SWAP0.067920.0100get 0.0050% / 4h2h 02m$1.8M$6.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
$0
Price spread: +0.503% → +0.125%
$37.85
Slippage, 4 orders
−$372.49
Fee Bitget: 6 bp × 2 orders
−$12
Fee OKX: 5 bp × 2 orders
−$10
Net
−$356.64
Costs to cover
3.945%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; OKX: live order book, 5 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 Bitget live order book, 4 min ago8.09 bp174.8 bp −$175710.2 bp −$7,102doesn't fitdoesn't fit
Sell OKX live order book, 5 min ago1.47 bp29.6 bp −$30doesn't fitdoesn't fitdoesn't fit

H on 13 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
Injective H/USDC PERP+0.0033%1h0.06250−7.517%$1K$15.5xas long as short
Aster HUSDT+0.0100%4h0.06792+0.501%$112K$55K5xas long as short
Binance HUSDT+0.0100%4h0.06782+0.360%$14.6M$10.9M10xas long as short
Bybit HUSDT+0.0100%4h0.06783+0.370%$7.4M$4.7M13xas long as short
OKX H-USDT-SWAPshort+0.0100%4h0.06792+0.503%$1.8M$6.0M10x
Gate H_USDT+0.0100%4h0.06777+0.281%$2.8M$1.9M10xas long as short
MEXC H_USDT+0.0100%4h0.06777+0.281%$6.1M$1.1M20xas long as short
KuCoin HUSDTM+0.0100%4h0.06790+0.474%$1.6M$10.0M8xas long as short
Bitget HUSDTlong+0.0100%4h0.06758long leg$1.7M$451K4x
BingX H-USDT+0.0100%4h0.06772+0.207%$2.7Mas long as short
Show all 13 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Variational Omni H+0.0100%4h0.06805+0.700%$8K$9Kas long as short
GRVT H_USDT_Perp+0.0100%4h0.06821+0.929%$1.1M$437K10xas long as short
Extended H-USD+0.0104%1h0.06782+0.353%$9K$102K5xas long as short