Funding arb · Price arb /

BOT

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0716%/8h= +78.4% APRpaid last 24h −0.049%

Price spread now: Bitget against tradeXYZ+0.454%7-day average +0.373% · you sell dearer than you buy

Net, funding: paid 7d − costs−$160as in the Funding arb table

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

costs, in and out, $10k−$1131.135% of the position

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.463%−$46 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now +0.454%, 7d avg +0.373%

Together, before fees−0.457%+ Points / potential airdroptradeXYZ: Active · farm board−$46 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and Bitget is 0.081% dearer against tradeXYZ than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.373%. Mind the row above: over the last 7 days funding on this pair cost −0.463%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.463% in total (about -24.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:BOT	29.088	−0.0839	get 0.0105% / 1h	48m 56s	$3.1M	$797K	10x
Short	Bitget BOTUSDT	29.220	−0.0123	pay 0.0123% / 8h	48m 56s	$243K	$130K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against tradeXYZ. 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 tradeXYZbpFee BitgetbpOrdersPrice spread, now +0.454%Rate

Funding earned: $150.33
Price spread: +0.454% → +0.373%: $8.06
Slippage, 4 orders: −$83.49
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: $44.9
Costs to cover: 1.135%
Break-even: 4.9 days

Slippage from tradeXYZ: live order book, 8 min ago; Bitget: live order book, 46 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 tradeXYZ live order book, 8 min ago	0.17 bp	9.2 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 46 min ago	15.42 bp	41.1 bp −$41	69.5 bp −$695	doesn't fit	doesn't fit

BOT on 12 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
OKX BOT-USDT-SWAP	−0.1693%	8h	29.140	+0.179%	$232K	$222K	20x	as long as short
tradeXYZ xyz:BOTlong	−0.0839%	1h	29.088	long leg	$3.1M	$797K	10x
KuCoin BOTUSDTM	−0.0672%	8h	29.110	+0.076%	$93K	$392K	20x	as long as short
Binance BOTUSDT	−0.0493%	8h	29.124	+0.123%	$453K	$1.2M	10x	as long as short
Variational Omni BOT	−0.0401%	8h	29.119	+0.108%	$31K	$14K	—	as long as short
Bitget BOTUSDTshort	−0.0123%	8h	29.220	+0.454%	$243K	$130K	5x
QFEX BOT-USD	−0.0012%	1h	29.200	+0.385%	$1.2M	$487K	10x	as long as short
Bybit BOTUSDT	0.0000%	8h	29.090	+0.007%	$512K	$578K	25x	as long as short
Gate BOT_USDT	0.0000%	8h	29.210	+0.419%	$251K	$229K	20x	as long as short
Lighter BOT	+0.0032%	1h	29.318	+0.791%	$67K	$1K	3x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus BOT-USD	+0.0040%	1h	29.090	+0.007%	$3K	$9K	5x	as long as short
HTX BOT-USDT	+0.0100%	8h	29.155	+0.230%	$4K	$34K	10x	as long as short