Funding arb · Price arb /

STABLE

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Swap Backtest

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 0.000%

Price spread now: Binance against Bitget0.000%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$188as in the Funding arb table

Net, price: spread back to 7d avg − costs−$183as in the Price arb table

costs, in and out, $10k−$1871.871% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 4 days (all we have)−0.078%−$8 · spread now 0.000%, 7d avg −0.037%

Together, before fees−0.084%−$8 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: Binance is 0.037% dearer against Bitget than usual: you sell high and buy low, +$4 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	Bitget STABLEUSDT	0.02523	0.0100	pay 0.0050% / 4h	3m 51s	$295K	$115K	25x
Short	Binance STABLEUSDT	0.02523	0.0100	get 0.0050% / 4h	3m 51s	$2.5M	$2.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.037%: $3.7
Slippage, 4 orders: −$165.06
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$183.36
Costs to cover: 1.871%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Binance: 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, 1 min ago	3.96 bp	59.9 bp −$60	192.2 bp −$1,922	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	1.98 bp	29.3 bp −$29	91.7 bp −$917	doesn't fit	doesn't fit

STABLE on 15 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
Lighter STABLE	+0.0096%	1h	0.02538	+0.587%	$117K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02525	+0.083%	$891K	$228K	3x	as long as short
Aster STABLEUSDT	+0.0100%	4h	0.02525	+0.072%	$19K	$6K	20x	as long as short
Binance STABLEUSDTshort	+0.0100%	4h	0.02523	0.000%	$2.5M	$2.7M	75x
Bybit STABLEUSDT	+0.0100%	4h	0.02525	+0.071%	$1.5M	$785K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02522	−0.040%	$206K	$430K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02525	+0.079%	$175K	$89K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02523	0.000%	$673K	$157K	20x	as long as short
KuCoin STABLEUSDTM	+0.0100%	4h	0.02529	+0.238%	$181K	$29K	30x	as long as short
Bitget STABLEUSDTlong	+0.0100%	4h	0.02523	long leg	$295K	$115K	25x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02525	+0.079%	—	$6.6M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02527	+0.165%	$148K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02522	−0.040%	$2K	$698K	20x	as long as short
Extended STABLE-USD	+0.0104%	1h	0.02523	+0.020%	$12K	$175K	10x	as long as short
BloFin STABLE-USDT	+0.0158%	4h	0.02522	−0.040%	$114K	$7K	75x	as long as short