Funding arb · Price arb /

S

all S markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Bitget against Binance−0.092%7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$920.923% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 7 days+0.034%+$3 · spread now −0.092%, 7d avg +0.037%

Together, before fees+0.040%+$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 0.129% cheaper against Binance than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SUSDT	0.04122	0.0100	pay 0.0050% / 4h	41m 09s	$5.9M	$13.7M	75x
Short	Bitget SUSDT	0.04118	0.0100	get 0.0050% / 4h	41m 09s	$1.2M	$2.3M	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 −0.092%Rate

Funding earned: $0
Price spread: −0.092% → +0.037%: −$12.93
Slippage, 4 orders: −$70.34
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$105.27
Costs to cover: 0.923%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; Bitget: live order book, 1 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, 14 min ago	1.24 bp	21.0 bp −$21	69.5 bp −$695	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	4.85 bp	22.8 bp −$23	87.4 bp −$874	doesn't fit	doesn't fit

S on 25 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
01 Exchange SUSD	−0.9128%	1h	0.03950	−4.168%	$24K	$2K	5x	as long as short
Kraken Futures PF_SUSD	−0.1918%	1h	0.04119	−0.070%	$36K	$16K	10x	as long as short
Coinbase International S-PERP-INTX	−0.1064%	1h	0.03961	−3.901%	$48K	$16K	25x	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04120	−0.049%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04118	−0.085%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04120	−0.045%	$635	—	150x	as long as short
Variational Omni S	+0.0013%	4h	0.04091	−0.742%	$635K	$17K	—	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	−0.529%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0095%	4h	0.04123	+0.029%	$102K	$585K	10x	as long as short
Lighter S	+0.0096%	1h	0.04125	+0.078%	$179K	$140K	5x	as long as short

Show all 25 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04121	−0.015%	$1.0M	$580K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04121	−0.015%	$49K	$110K	10x	as long as short
Binance SUSDTlong	+0.0100%	4h	0.04122	long leg	$5.9M	$13.7M	75x
Bybit SUSDT	+0.0100%	4h	0.04115	−0.165%	$5.9M	$4.1M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04117	−0.117%	$1.0M	$3.8M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04116	−0.141%	$336K	$174K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04121	−0.019%	$4.2M	$1.8M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04120	−0.044%	$1.9M	$2.8M	50x	as long as short
Bitget SUSDTshort	+0.0100%	4h	0.04118	−0.092%	$1.2M	$2.3M	50x
BingX S-USDT	+0.0100%	4h	0.04120	−0.044%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04110	−0.286%	$24K	$490K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04118	−0.095%	$232K	$1.3M	10x	as long as short
BloFin S-USDT	+0.0340%	4h	0.04114	−0.189%	$280K	$117K	75x	as long as short
Deribit S_USDC-PERPETUAL	+0.0721%	1h	0.04123	+0.029%	$69K	$10K	10x	as long as short
Backpack S_USDC_PERP	+0.1511%	1h	0.04130	+0.199%	$118K	$441K	5x	as long as short