Funding arb · Price arb /

H

all H markets

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 0.000%

Price spread now: Bitget against Bybit+0.014%7-day average +0.095% · you sell dearer than you buy

Net, funding: paid 7d − costs−$324as in the Funding arb table

Net, price: spread back to 7d avg − costs−$332as in the Price arb table

costs, in and out, $10k−$3243.235% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

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

Price spread, last 7 days+0.175%+$17 · spread now +0.014%, 7d avg +0.095%

Together, before fees+0.175%+$17 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 0.080% cheaper against Bybit than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit HUSDT	0.06992	0.0100	pay 0.0050% / 4h	48m 38s	$7.6M	$4.6M	13x
Short	Bitget HUSDT	0.06993	0.0100	get 0.0050% / 4h	48m 38s	$1.7M	$451K	4x

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 +0.014%Rate

Funding earned: $0
Price spread: +0.014% → +0.095%: −$8.04
Slippage, 4 orders: −$300.51
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$331.55
Costs to cover: 3.235%
Break-even: never at this rate

Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 3 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, 4 min ago	2.85 bp	40.1 bp −$40	224.1 bp −$2,241	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	7.82 bp	105.1 bp −$105	402.2 bp −$4,022	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	−10.612%	$1K	$1	5.5x	as long as short
BloFin H-USDT	+0.0087%	4h	0.06999	+0.100%	$587K	$117K	25x	as long as short
Aster HUSDT	+0.0100%	4h	0.06996	+0.054%	$116K	$53K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06998	+0.086%	$15.0M	$10.5M	10x	as long as short
Bybit HUSDTlong	+0.0100%	4h	0.06992	long leg	$7.6M	$4.6M	13x
OKX H-USDT-SWAP	+0.0100%	4h	0.07007	+0.215%	$1.8M	$5.9M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06992	0.000%	$2.9M	$1.9M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.07002	+0.143%	$6.3M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06999	+0.100%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDTshort	+0.0100%	4h	0.06993	+0.014%	$1.7M	$451K	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	0.07001	+0.129%	—	$2.7M	—	as long as short
Variational Omni H	+0.0100%	4h	0.07018	+0.366%	$8K	$10K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.07024	+0.458%	$1.2M	$437K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06997	+0.070%	$11K	$107K	5x	as long as short