Funding arb · Price arb /

NOT

all NOT markets

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 +0.012%

Price spread now: Bitget against Bybit+0.119%7-day average +0.173% · you sell dearer than you buy

Net, funding: paid 7d − costs−$118as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1201.196% of the position

Long on Bybit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.119%, 7d avg +0.173%

Together, before fees−0.008%−$1 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 0.053% cheaper against Bybit than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.173%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit NOTUSDT	0.0005026	0.0100	pay 0.0050% / 4h	45m 41s	$2.1M	$849K	25x
Short	Bitget NOTUSDT	0.0005032	0.0100	get 0.0050% / 4h	45m 41s	$667K	$412K	50x

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 +0.119%Rate

Funding earned: $0
Price spread: +0.119% → +0.173%: −$5.33
Slippage, 4 orders: −$96.56
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$124.89
Costs to cover: 1.196%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Bitget: live order book, 10 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, 1 min ago	4.97 bp	28.4 bp −$28	173.1 bp −$1,731	doesn't fit	doesn't fit
Sell Bitget live order book, 10 min ago	7.91 bp	27.0 bp −$27	210.0 bp −$2,100	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	−0.0408%	4h	0.0005026	−0.009%	$71K	$39K	—	as long as short
KuCoin NOTUSDTM	−0.0256%	4h	0.0005026	0.000%	$464K	$127K	50x	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.024%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0059%	4h	0.0005027	+0.020%	$111K	$16K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005034	+0.167%	$11K	$4K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005040	+0.279%	$357K	$57K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005033	+0.133%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005033	+0.139%	$2.1M	$3.0M	50x	as long as short
Bybit NOTUSDTlong	+0.0100%	4h	0.0005026	long leg	$2.1M	$849K	25x
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005030	+0.080%	$628K	$647K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDT	+0.0100%	4h	0.0005027	+0.020%	$140K	$68K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005032	+0.119%	$1.3M	$423K	200x	as long as short
Bitget NOTUSDTshort	+0.0100%	4h	0.0005032	+0.119%	$667K	$412K	50x
BingX NOT-USDT	+0.0100%	4h	0.0005030	+0.080%	—	$8.8M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005033	+0.134%	$4K	$491	5x	as long as short
Kraken Futures PF_NOTUSD	+0.1711%	1h	0.0005048	+0.443%	$49K	$9K	10x	as long as short