Funding arb · Price arb /

COST

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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: OKX against Bitget+0.107%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$104as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$1041.045% of the position

Long on Bitget Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.107%, 7d avg +0.017%

Together, before fees−0.081%−$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: OKX is 0.090% dearer against Bitget than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COSTUSDT	898.68	0	get 0.0000% / 8h	1h 23m	$398K	$125K	25x
Short	OKX COST-USDT-SWAP	899.64	0	get 0.0000% / 8h	1h 23m	$437K	$142K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.107%Rate

Funding earned: $0
Price spread: +0.107% → +0.017%: $8.98
Slippage, 4 orders: −$82.47
Fee Bitget: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$95.5
Costs to cover: 1.045%
Break-even: never at this rate

Slippage from Bitget: live order book, 52 min ago; OKX: live order book, 57 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, 52 min ago	9.45 bp	16.8 bp −$17	25.6 bp −$256	doesn't fit	doesn't fit
Sell OKX live order book, 57 min ago	7.39 bp	45.8 bp −$46	doesn't fit	doesn't fit	doesn't fit

COST 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
Aster COSTUSDT	0.0000%	8h	898.26	−0.047%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	899.08	+0.045%	$470K	$193K	25x	as long as short
OKX COST-USDT-SWAPshort	0.0000%	8h	899.64	+0.107%	$437K	$142K	10x
Gate COST_USDT	0.0000%	8h	899.23	+0.061%	$523K	$26K	25x	as long as short
Bitget COSTUSDTlong	0.0000%	8h	898.68	long leg	$398K	$125K	25x
SunX COST-USDT	0.0000%	8h	898.70	+0.002%	$1K	$3.3M	10x	as long as short
HTX COST-USDT	0.0000%	8h	900.91	+0.248%	$10K	$42K	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.746%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.30	−0.042%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	898.33	−0.039%	—	—	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
QFEX COST-USD	+0.0048%	1h	898.78	+0.011%	$1.1M	$3.0M	10x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.66	−0.002%	$1.8M	$536K	20x	as long as short
Variational Omni COST	+0.0071%	8h	898.74	+0.006%	$42K	$19K	—	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	897.80	−0.098%	$41K	$828K	20x	as long as short
Binance COSTUSDT	+0.0241%	8h	899.08	+0.044%	$1.1M	$971K	20x	as long as short