Funding arb · Price arb /

S

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0141%/8h= +15.4% APRpaid last 24h −0.062%

Price spread now: Deribit against Bitget+0.345%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Deribit is 0.345% dearer against Bitget than usual: you sell high and buy low: +$34 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget SUSDT	0.04062	0.0100	pay 0.0050% / 4h	2h 25m	$1.2M	$2.4M	50x
Short	Deribit S_USDC-PERPETUAL	0.04076	0.0241	get 0.0030% / 1h	25m 36s	$69K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.345%Rate

Funding earned: $29.59
Price spread: +0.345% → 0.000%: $34.47
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $45.06
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Bitget: live order book, 2 min ago; Deribit: no order-book sample. Net counts fees only.

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, 2 min ago	6.15 bp	18.5 bp −$18	84.0 bp −$840	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

S on 24 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	−0.7912%	1h	0.03950	−2.757%	$24K	$2K	5x	as long as short
Coinbase International S-PERP-INTX	−0.1464%	1h	0.04022	−0.985%	$48K	$16K	25x	as long as short
Kraken Futures PF_SUSD	−0.1245%	1h	0.04068	+0.145%	$34K	$14K	10x	as long as short
Variational Omni S	−0.0462%	4h	0.04064	+0.057%	$632K	$30K	—	as long as short
GMX S/USD [WBTC.b-USDC]	L −0.0206% / S +0.0198%	1h	0.04074	+0.295%	$1K	—	100x	as long as short
Reya SRUSDPERP	−0.0101%	1h	0.04070	+0.200%	$4	—	15x	as long as short
gTrade (Gains Network) S/USD	L +0.0001% / S +0.0006%	1h	0.04074	+0.301%	$2K	—	150x	as long as short
Injective S/USDC PERP	+0.0033%	1h	0.04100	+0.935%	$2K	$37K	12x	as long as short
Orderly PERP_S_USDC	+0.0044%	4h	0.04073	+0.271%	$103K	$332K	10x	as long as short
Lighter S	+0.0096%	1h	0.04068	+0.148%	$168K	$166K	5x	as long as short

Show all 24 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid S	+0.0100%	1h	0.04066	+0.098%	$1.0M	$573K	5x	as long as short
Aster SUSDT	+0.0100%	4h	0.04071	+0.211%	$45K	$134K	10x	as long as short
Binance SUSDT	+0.0100%	4h	0.04063	+0.025%	$5.6M	$14.8M	75x	as long as short
Bybit SUSDT	+0.0100%	4h	0.04059	−0.074%	$5.8M	$4.7M	50x	as long as short
OKX S-USDT-SWAP	+0.0100%	4h	0.04064	+0.049%	$1.0M	$4.2M	20x	as long as short
Gate S_USDT	+0.0100%	4h	0.04069	+0.172%	$336K	$204K	50x	as long as short
MEXC S_USDT	+0.0100%	4h	0.04063	+0.025%	$3.9M	$1.9M	200x	as long as short
KuCoin SUSDTM	+0.0100%	4h	0.04065	+0.074%	$1.9M	$2.7M	50x	as long as short
Bitget SUSDTlong	+0.0100%	4h	0.04062	long leg	$1.2M	$2.4M	50x
BingX S-USDT	+0.0100%	4h	0.04065	+0.074%	—	$6.8M	—	as long as short
ApeX Omni SUSDT	+0.0100%	1h	0.04070	+0.197%	$26K	$443K	50x	as long as short
Extended S-USD	+0.0104%	1h	0.04063	+0.034%	$231K	$1.1M	10x	as long as short
Deribit S_USDC-PERPETUALshort	+0.0241%	1h	0.04076	+0.345%	$69K	$10K	10x
Backpack S_USDC_PERP	+0.1034%	1h	0.04080	+0.443%	$119K	$348K	5x	as long as short