Funding arb · Price arb /

COST

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0050%/8h= −5.5% APRpaid last 24h −0.015%

Price spread now: Bitget against tradeXYZ−0.034%7-day average +0.076% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on tradeXYZ Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.058%−$6 on $10k

Price spread, last 4 days (all we have)+0.106%+$11 · spread now −0.034%, 7d avg +0.076%

Together, before fees+0.049%+ Points / potential airdroptradeXYZ: Active · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bitget is 0.111% cheaper against tradeXYZ than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.076%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	tradeXYZ xyz:COST	899.34	0.0050	pay 0.0006% / 1h	38m 55s	$1.8M	$517K	20x
Short	Bitget COSTUSDT	899.03	0	get 0.0000% / 8h	3h 38m	$403K	$77K	25x

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 −0.034%Rate

Funding earned: −$10.5
Price spread: −0.034% → +0.076%: −$11.07
Slippage, 4 orders: no order book: not counted
Fee tradeXYZ: 9 bp × 2 orders: −$18
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$51.57
Costs to cover: 0.300%
Break-even: never at this rate

Slippage unknown: tradeXYZ: live order book, 9 min ago; Bitget: live order book, 7 min ago. Net counts fees only.

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, 9 min ago	1.89 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 7 min ago	3.95 bp	10.1 bp −$10	32.4 bp −$324	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	899.67	+0.037%	$45K	$178	20x	as long as short
Binance COSTUSDT	0.0000%	8h	899.99	+0.072%	$1.1M	$921K	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	899.77	+0.048%	$491K	$219K	25x	as long as short
Gate COST_USDT	0.0000%	8h	899.28	−0.007%	$521K	$8K	25x	as long as short
Bitget COSTUSDTshort	0.0000%	8h	899.03	−0.034%	$403K	$77K	25x
Variational Omni COST	0.0000%	8h	899.22	−0.013%	$41K	$14K	—	as long as short
SunX COST-USDT	0.0000%	8h	898.10	−0.138%	$1K	$2.8M	10x	as long as short
HTX COST-USDT	0.0000%	8h	901.19	+0.206%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0009%	1h	899.24	−0.011%	$1.1M	$2.6M	10x	as long as short
OKX COST-USDT-SWAP	+0.0021%	8h	898.82	−0.058%	$440K	$115K	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.818%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.121%	—	—	10x	as long as short
Vest COST-USD-PERP	+0.0046%	1h	899.41	+0.008%	—	—	25x	as long as short
tradeXYZ xyz:COSTlong	+0.0050%	1h	899.34	long leg	$1.8M	$517K	20x
KuCoin COSTUSDTM	+0.0100%	8h	898.90	−0.049%	$47K	$887K	20x	as long as short