Funding arb · Price arb /

NOT

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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: Bitget against OKX+0.098%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1041.036% of the position

Long on OKX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.098%, 7d avg +0.071%

Together, before fees−0.037%−$4 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 0.026% dearer against OKX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX NOT-USDT-SWAP	0.0005125	0.0100	pay 0.0050% / 4h	3h 07m	$635K	$618K	20x
Short	Bitget NOTUSDT	0.0005130	0.0100	get 0.0050% / 4h	3h 07m	$674K	$396K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against OKX. 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 OKXbpFee BitgetbpOrdersPrice spread, now +0.098%Rate

Funding earned: $0
Price spread: +0.098% → +0.071%: $2.63
Slippage, 4 orders: −$81.58
Fee OKX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$100.95
Costs to cover: 1.036%
Break-even: never at this rate

Slippage from OKX: live order book, 64 min ago; Bitget: live order book, 63 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 OKX live order book, 64 min ago	2.95 bp	25.4 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 63 min ago	1.96 bp	19.7 bp −$20	101.4 bp −$1,014	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
Kraken Futures PF_NOTUSD	−0.0330%	1h	0.0005129	+0.075%	$50K	$10K	10x	as long as short
Variational Omni NOT	−0.0124%	4h	0.0005117	−0.163%	$72K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−4.898%	$1K	$13K	5.5x	as long as short
BloFin NOT-USDT	+0.0085%	4h	0.0005121	−0.078%	$112K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005135	+0.197%	$12K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005130	+0.098%	$375K	$52K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005128	+0.066%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005125	−0.004%	$2.1M	$3.1M	50x	as long as short
Bybit NOTUSDT	+0.0100%	4h	0.0005123	−0.039%	$2.2M	$833K	25x	as long as short
OKX NOT-USDT-SWAPlong	+0.0100%	4h	0.0005125	long leg	$635K	$618K	20x

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDT	+0.0100%	4h	0.0005125	0.000%	$143K	$80K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005124	−0.020%	$1.4M	$466K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005118	−0.137%	$467K	$135K	50x	as long as short
Bitget NOTUSDTshort	+0.0100%	4h	0.0005130	+0.098%	$674K	$396K	50x
BingX NOT-USDC	+0.0100%	4h	0.0005125	0.000%	—	$720K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005124	−0.024%	$4K	$491	5x	as long as short