Settings8H · net · $10k
Funding arb · Price arb /

S

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.057%
Price spread now: Bitget against OKX+0.077%7-day average +0.068% · you sell dearer than you buy
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−$1061.057% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.137%+$14 on $10k
Price spread, last 7 days+0.068%+$7 · spread now +0.077%, 7d avg +0.068%
Together, before fees+0.205%+$20 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX S-USDT-SWAP0.039190.0100pay 0.0050% / 4h2h 22m$976K$7.3M20x
ShortBitget SUSDT0.039220.0100get 0.0050% / 4h2h 22m$1.2M$3.0M50x

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

Funding earned
$0
Price spread: +0.077% → +0.068%
$0.9
Slippage, 4 orders
−$83.67
Fee OKX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$104.77
Costs to cover
1.057%
Break-even
never at this rate
Slippage from OKX: live order book, 6 min ago; Bitget: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 6 min ago1.28 bp32.3 bp −$32doesn't fitdoesn't fitdoesn't fit
Sell Bitget live order book, just now5.10 bp18.0 bp −$1860.8 bp −$608doesn't fitdoesn't fit

S on 25 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_SUSD−0.1455%1h0.03922+0.072%$33K$30K10xas long as short
Coinbase International S-PERP-INTX−0.1264%1h0.03826−2.373%$47K$5K25xas long as short
Variational Omni S−0.0986%4h0.03913−0.157%$607K$34Kas long as short
GMX S/USD [WBTC.b-USDC]L −0.0190% / S +0.0184%1h0.03926+0.174%$1K100xas long as short
Reya SRUSDPERP−0.0101%1h0.03917−0.042%$415xas long as short
Orderly PERP_S_USDC−0.0015%4h0.03921+0.051%$101K$337K10xas long as short
Deribit S_USDC-PERPETUAL−0.0005%1h0.03924+0.128%$66K$10K10xas long as short
Aster SUSDT0.0000%4h0.03925+0.147%$43K$212K10xas long as short
01 Exchange SUSD0.0000%1h0.03920+0.026%$24K$3K5xas long as short
gTrade (Gains Network) S/USDL +0.0001% / S +0.0006%1h0.03926+0.166%$605150xas long as short
Show all 25 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Injective S/USDC PERP+0.0033%1h0.04100+4.619%$2K$37K12xas long as short
Lighter S+0.0096%1h0.03924+0.128%$164K$240K5xas long as short
Hyperliquid S+0.0100%1h0.03919−0.008%$989K$898K5xas long as short
Binance SUSDT+0.0100%4h0.03920+0.026%$5.3M$23.5M75xas long as short
Bybit SUSDT+0.0100%4h0.03914−0.128%$5.6M$6.3M50xas long as short
OKX S-USDT-SWAPlong+0.0100%4h0.03919long leg$976K$7.3M20x
Gate S_USDT+0.0100%4h0.03917−0.051%$320K$292K50xas long as short
MEXC S_USDT+0.0100%4h0.03918−0.026%$3.5M$2.6M200xas long as short
KuCoin SUSDTM+0.0100%4h0.03917−0.051%$1.8M$3.1M50xas long as short
Bitget SUSDTshort+0.0100%4h0.03922+0.077%$1.2M$3.0M50x
BingX S-USDT+0.0100%4h0.039190.000%$6.8Mas long as short
ApeX Omni SUSDT+0.0100%1h0.03920+0.026%$19K$469K50xas long as short
Extended S-USD+0.0104%1h0.03917−0.063%$221K$883K10xas long as short
BloFin S-USDT+0.0340%4h0.03917−0.051%$268K$158K75xas long as short
Backpack S_USDC_PERP+0.0362%1h0.03930+0.281%$114K$291K5xas long as short