Funding arb · Price arb /

RED

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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 −0.006%

Price spread now: Bybit against Bitget+0.039%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$193as in the Funding arb table

Net, price: spread back to 7d avg − costs−$186as in the Price arb table

costs, in and out, $10k−$1891.892% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)−0.061%−$6 · spread now +0.039%, 7d avg +0.007%

Together, before fees−0.099%−$10 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: Bybit is 0.032% dearer against Bitget than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget REDUSDT	0.1555	0.0100	pay 0.0050% / 4h	3h 14m	$739K	$303K	20x
Short	Bybit REDUSDT	0.1556	0.0100	get 0.0050% / 4h	3h 14m	$2.1M	$1.7M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee BitgetbpFee BybitbpOrdersPrice spread, now +0.039%Rate

Funding earned: $0
Price spread: +0.039% → +0.007%: $3.16
Slippage, 4 orders: −$166.21
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$186.06
Costs to cover: 1.892%
Break-even: never at this rate

Slippage from Bitget: live order book, 56 min ago; Bybit: live order book, 2 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 Bitget live order book, 56 min ago	9.89 bp	30.3 bp −$30	106.1 bp −$1,061	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.25 bp	29.0 bp −$29	2131.0 bp −$21.3K	doesn't fit	doesn't fit

RED on 10 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
Aster REDUSDT	+0.0100%	4h	0.1554	−0.032%	$28K	$37K	5x	as long as short
Binance REDUSDT	+0.0100%	4h	0.1554	−0.092%	$2.4M	$3.9M	50x	as long as short
Bybit REDUSDTshort	+0.0100%	4h	0.1556	+0.039%	$2.1M	$1.7M	25x
Gate RED_USDT	+0.0100%	4h	0.1554	−0.064%	$358K	$149K	25x	as long as short
Bitget REDUSDTlong	+0.0100%	4h	0.1555	long leg	$739K	$303K	20x
Variational Omni RED	+0.0100%	4h	0.1553	−0.109%	$26K	$3K	—	as long as short
SunX RED-USDT	+0.0100%	4h	0.1592	+2.379%	$1K	$704K	20x	as long as short
BloFin RED-USDT	+0.0104%	4h	0.1555	0.000%	$226K	$5K	25x	as long as short
Extended RED-USD	+0.0104%	1h	0.1554	−0.086%	$31	—	5x	as long as short
MEXC RED_USDT	+0.0386%	4h	0.1554	−0.064%	$552K	$175K	20x	as long as short