Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.50 per $10,000 · paid last 24h −0.064%
Price spread now: Binance against Bitget−0.094%7-day average +0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$139as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1211.214% of the position
Funding, last 7 days−0.173%−$17 on $10k
+Price spread, last 7 days+0.188%+$19 · spread now −0.094%, 7d avg +0.064%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.158% cheaper against Bitget than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of +0.064%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget APRUSDT | 0.1483 | 0.0200 | pay 0.0100% / 4h | 2h 40m | $4.0M | $995K | 50x |
| Short | Binance APRUSDT | 0.1482 | 0.0100 | get 0.0050% / 4h | 2h 40m | $6.7M | $5.1M | 50x |
Bitget APRUSDT
Binance APRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- −$21
- Price spread: −0.094% → +0.064%
- −$15.82
- Slippage, 4 orders
- −$99.39
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$158.21
- Costs to cover
- 1.214%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 2 min ago; Binance: live order book, 13 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, 2 min ago | 8.07 bp | 30.9 bp −$31 | 353.2 bp −$3,532 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 3.37 bp | 23.9 bp −$24 | 180.3 bp −$1,803 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance APRUSDTshort | +0.0100% | 4h | 0.1482 | −0.094% | $6.7M | $5.1M | 50x | |
| MEXC APR_USDT | +0.0100% | 4h | 0.1483 | −0.027% | $372K | $174K | 50x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1484 | +0.047% | $1K | $1.1M | 20x | as long as short |
| HTX APR-USDT | +0.0100% | 4h | 0.1493 | +0.647% | $19K | $44K | 20x | as long as short |
| BloFin APR-USDT | +0.0136% | 4h | 0.1486 | +0.175% | $290K | $111K | 50x | as long as short |
| Bitget APRUSDTlong | +0.0200% | 4h | 0.1483 | long leg | $4.0M | $995K | 50x | |
| Bybit APRUSDT | +0.0214% | 4h | 0.1482 | −0.094% | $1.4M | $631K | 20x | as long as short |
| BingX APR-USDT | +0.0410% | 4h | 0.1482 | −0.094% | — | $1.4M | — | as long as short |
| OKX APR-USDT-SWAP | +0.0444% | 4h | 0.1483 | −0.027% | $1.3M | $2.5M | 20x | as long as short |
| Aster APRUSDT | +0.0793% | 4h | 0.1480 | −0.203% | $72K | $80K | 5x | as long as short |
MEXC APR_USDT
SunX APR-USDT
HTX APR-USDT
BloFin APR-USDT
Bybit APRUSDT
BingX APR-USDT
OKX APR-USDT-SWAP
Aster APRUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin APRUSDTM | +0.0874% | 4h | 0.1484 | +0.007% | $2.4M | $343K | 50x | as long as short |
| Gate APR_USDT | +0.1032% | 4h | 0.1482 | −0.115% | $701K | $204K | 25x | as long as short |
KuCoin APRUSDTM
Gate APR_USDT