Funding arb · Price arb /

NOT

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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 0.000%

Price spread now: Bitget against Binance−0.034%7-day average +0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$900.897% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 4 days (all we have)+0.095%+$10 · spread now −0.034%, 7d avg +0.043%

Together, before fees+0.127%+$13 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 0.077% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance NOTUSDT	0.0005052	0.0100	pay 0.0050% / 4h	1h 33m	$2.1M	$3.0M	50x
Short	Bitget NOTUSDT	0.0005050	0.0100	get 0.0050% / 4h	1h 33m	$663K	$387K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now −0.034%Rate

Funding earned: $0
Price spread: −0.034% → +0.043%: −$7.67
Slippage, 4 orders: −$67.73
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$97.4
Costs to cover: 0.897%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Bitget: live order book, 47 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 Binance live order book, 2 min ago	1.98 bp	16.9 bp −$17	133.3 bp −$1,333	doesn't fit	doesn't fit
Sell Bitget live order book, 47 min ago	5.92 bp	31.7 bp −$32	127.5 bp −$1,275	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	−0.0125%	4h	0.0005043	−0.164%	$71K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.518%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005061	+0.192%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005050	−0.034%	$369K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005046	−0.105%	$14K	$9K	5x	as long as short
Binance NOTUSDTlong	+0.0100%	4h	0.0005052	long leg	$2.1M	$3.0M	50x
Bybit NOTUSDT	+0.0100%	4h	0.0005042	−0.192%	$2.1M	$815K	25x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005052	+0.006%	$613K	$585K	20x	as long as short
Gate NOT_USDT	+0.0100%	4h	0.0005050	−0.034%	$140K	$78K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005051	−0.014%	$1.4M	$461K	200x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin NOTUSDTM	+0.0100%	4h	0.0005049	−0.053%	$496K	$120K	50x	as long as short
Bitget NOTUSDTshort	+0.0100%	4h	0.0005050	−0.034%	$663K	$387K	50x
BingX NOT-USDC	+0.0100%	4h	0.0005048	−0.073%	—	$722K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005050	−0.026%	$4K	$1K	5x	as long as short
BloFin NOT-USDT	+0.0141%	4h	0.0005052	+0.006%	$111K	$17K	50x	as long as short
Kraken Futures PF_NOTUSD	+0.6145%	1h	0.0005087	+0.691%	$49K	$9K	10x	as long as short