APR

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0393%/8h= +43.0% APRnext payment +$1.96 per $10,000 · paid last 24h +0.035%

Price spread now: Bitget against Binance+0.096%7-day average −0.070% · 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−$102as in the Price arb table

costs, in and out, $10k−$1191.186% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.144%+$14 on $10k

Price spread, last 7 days−0.231%−$23 · spread now +0.096%, 7d avg −0.070%

Together, before fees−0.087%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Bitget is 0.166% dearer against Binance than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.070%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.144% in total (about 7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.96 per $10,000. 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	Binance APRUSDT	0.1471	0.0149	pay 0.0075% / 4h	1h 51m	$6.8M	$5.2M	50x
Short	Bitget APRUSDT	0.1473	0.0542	get 0.0271% / 4h	1h 51m	$3.9M	$850K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Binance. 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 BinancebpFee BitgetbpOrdersPrice spread, now +0.096%Rate

Funding earned: $82.48
Price spread: +0.096% → −0.070%: $16.61
Slippage, 4 orders: −$96.61
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$19.53
Costs to cover: 1.186%
Break-even: 8.7 days

Slippage from Binance: live order book, 2 min ago; Bitget: live order book, 1 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 Binance live order book, 2 min ago	3.39 bp	25.3 bp −$25	201.2 bp −$2,012	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	8.49 bp	29.9 bp −$30	169.5 bp −$1,695	doesn't fit	doesn't fit

APR 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
Bybit APRUSDT	+0.0100%	4h	0.1472	+0.035%	$1.4M	$672K	20x	as long as short
OKX APR-USDT-SWAP	+0.0100%	4h	0.1472	+0.055%	$1.2M	$2.4M	20x	as long as short
SunX APR-USDT	+0.0100%	4h	0.1472	+0.069%	$2K	$1.1M	20x	as long as short
BloFin APR-USDT	+0.0134%	4h	0.1472	+0.055%	$286K	$112K	50x	as long as short
MEXC APR_USDT	+0.0148%	4h	0.1470	−0.080%	$353K	$176K	50x	as long as short
Binance APRUSDTlong	+0.0149%	4h	0.1471	long leg	$6.8M	$5.2M	50x
HTX APR-USDT	+0.0538%	4h	0.1479	+0.531%	$19K	$56K	20x	as long as short
Bitget APRUSDTshort	+0.0542%	4h	0.1473	+0.096%	$3.9M	$850K	50x
BingX APR-USDT	+0.0552%	4h	0.1470	−0.080%	—	$1.4M	—	as long as short
Gate APR_USDT	+0.0604%	4h	0.1469	−0.162%	$675K	$159K	25x	as long as short

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin APRUSDTM	+0.0670%	4h	0.1472	+0.021%	$2.3M	$305K	50x	as long as short
Aster APRUSDT	+0.0942%	4h	0.1472	+0.083%	$74K	$97K	5x	as long as short