Funding arb · Price arb /

COST

RWAall COST markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.015%

Price spread now: tradeXYZ against Bitget+0.030%7-day average −0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$600.598% of the position

Long on Bitget Short on tradeXYZ

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 4 days (all we have)−0.117%−$12 · spread now +0.030%, 7d avg −0.074%

Together, before fees−0.061%+ Points / potential airdroptradeXYZ: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and tradeXYZ is 0.104% dearer against Bitget than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget COSTUSDT	902.43	0	get 0.0000% / 8h	7h 19m	$411K	$81K	25x
Short	tradeXYZ xyz:COST	902.70	0.0050	get 0.0006% / 1h	19m 57s	$1.8M	$510K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

tradeXYZ 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 tradeXYZbpOrdersPrice spread, now +0.030%Rate

Funding earned: $10.5
Price spread: +0.030% → −0.074%: $10.39
Slippage, 4 orders: −$29.8
Fee Bitget: 6 bp × 2 orders: −$12
Fee tradeXYZ: 9 bp × 2 orders: −$18
Net: −$38.91
Costs to cover: 0.598%
Break-even: 32.9 days

Slippage from Bitget: live order book, 5 min ago; tradeXYZ: live order book, 8 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, 5 min ago	8.69 bp	16.8 bp −$17	27.4 bp −$274	doesn't fit	doesn't fit
Sell tradeXYZ live order book, 8 min ago	0.83 bp	12.3 bp −$12	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	902.75	+0.035%	$45K	$133	20x	as long as short
Binance COSTUSDT	0.0000%	8h	902.99	+0.062%	$1.1M	$994K	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	902.55	+0.013%	$491K	$92K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	903.73	+0.144%	$442K	$120K	10x	as long as short
Gate COST_USDT	0.0000%	8h	902.84	+0.045%	$523K	$9K	25x	as long as short
Bitget COSTUSDTlong	0.0000%	8h	902.43	long leg	$411K	$81K	25x
Variational Omni COST	0.0000%	8h	902.88	+0.050%	$40K	$14K	—	as long as short
SunX COST-USDT	0.0000%	8h	902.70	+0.030%	$2K	$2.7M	10x	as long as short
HTX COST-USDT	0.0000%	8h	904.79	+0.262%	$10K	$42K	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−1.158%	$2K	$28K	12x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended COST-USD	+0.0040%	1h	902.08	−0.038%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	902.51	+0.009%	—	—	25x	as long as short
QFEX COST-USD	+0.0046%	1h	902.85	+0.047%	$1.1M	$2.4M	10x	as long as short
tradeXYZ xyz:COSTshort	+0.0050%	1h	902.70	+0.030%	$1.8M	$510K	20x
KuCoin COSTUSDTM	+0.0100%	8h	902.30	−0.014%	$48K	$950K	20x	as long as short