Funding you earn now, next payment 04:00 UTC−0.0629%/8h= −68.9% APRpaid last 24h −0.045%
Price spread now: Bitget against Bybit−0.290%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$290as in the Funding arb table
Net, price: spread back to 7d avg − costs−$308as in the Price arb table
costs, in and out, $10k−$2862.862% of the position
Funding, last 7 days−0.038%−$4 on $10k
+Price spread, last 4 days (all we have)+0.496%+$50 · spread now −0.290%, 7d avg −0.067%
=Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Bitget is 0.223% cheaper against Bybit than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.067%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.038% in total (about -2.0% 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 | Bybit ALICEUSDT | 0.1449 | 0.0729 | pay 0.0729% / 8h | 4h 29m | $645K | $177K | 25x |
| Short | Bitget ALICEUSDT | 0.1445 | 0.0100 | get 0.0050% / 4h | 29m 29s | $994K | $118K | 50x |
Bybit ALICEUSDT
Bitget ALICEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$132.05
- Price spread: −0.290% → −0.067%
- −$22.25
- Slippage, 4 orders
- −$263.2
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$440.51
- Costs to cover
- 2.862%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 21 min ago; Bitget: live order book, 26 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 Bybit live order book, 21 min ago | 8.00 bp | 118.4 bp −$118 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 26 min ago | 10.39 bp | 24.3 bp −$24 | 88.0 bp −$880 | doesn't fit | doesn't fit |
ALICE on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin ALICE-USDT | +0.0096% | 4h | 0.1443 | −0.428% | $158K | $13K | 50x | as long as short |
| Aster ALICEUSDT | +0.0100% | 4h | 0.1448 | −0.079% | $9K | $537 | 5x | as long as short |
| Binance ALICEUSDT | +0.0100% | 4h | 0.1446 | −0.195% | $2.3M | $2.6M | 50x | as long as short |
| MEXC ALICE_USDT | +0.0100% | 4h | 0.1446 | −0.221% | $543K | $116K | 50x | as long as short |
| KuCoin ALICEUSDTM | +0.0100% | 4h | 0.1446 | −0.221% | $418K | $48K | 30x | as long as short |
| Bitget ALICEUSDTshort | +0.0100% | 4h | 0.1445 | −0.290% | $994K | $118K | 50x | |
| BingX ALICE-USDT | +0.0100% | 4h | 0.1449 | −0.014% | — | $1.3M | — | as long as short |
| Variational Omni ALICE | +0.0238% | 8h | 0.1446 | −0.197% | $474 | $478 | — | as long as short |
| Gate ALICE_USDT | +0.0461% | 8h | 0.1448 | −0.083% | $91K | $89K | 25x | as long as short |
| Bybit ALICEUSDTlong | +0.0729% | 8h | 0.1449 | long leg | $645K | $177K | 25x |
BloFin ALICE-USDT
Aster ALICEUSDT
Binance ALICEUSDT
MEXC ALICE_USDT
KuCoin ALICEUSDTM
BingX ALICE-USDT
Variational Omni ALICE
Gate ALICE_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ALICEUSD | +0.1305% | 1h | 0.1449 | +0.018% | $33K | $4K | 10x | as long as short |
Kraken Futures PF_ALICEUSD