Funding you earn now, next payment 08:00 UTC−0.0072%/8h= −7.9% APRnext payment −$0.36 per $10,000 · paid last 24h −0.073%
Price spread now: Bybit against Bitget−0.048%7-day average +0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$447as in the Funding arb table
Net, price: spread back to 7d avg − costs−$442as in the Price arb table
costs, in and out, $10k−$4334.326% of the position
Funding, last 7 days−0.146%−$15 on $10k
+Price spread, last 7 days+0.057%+$6 · spread now −0.048%, 7d avg +0.045%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Bybit is 0.092% cheaper against Bitget than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.045%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget APRUSDT | 0.1473 | 0.0172 | pay 0.0086% / 4h | 1h 07m | $3.9M | $1.0M | 50x |
| Short | Bybit APRUSDT | 0.1472 | 0.0100 | get 0.0050% / 4h | 1h 07m | $1.5M | $653K | 20x |
Bitget APRUSDT
Bybit APRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$15.12
- Price spread: −0.048% → +0.045%
- −$9.22
- Slippage, 4 orders
- −$409.58
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$456.92
- Costs to cover
- 4.326%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Bybit: live order book, 3 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 | 8.83 bp | 25.5 bp −$25 | 300.0 bp −$3,000 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 3.39 bp | 179.2 bp −$179 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin APR-USDT | +0.0055% | 4h | 0.1474 | +0.088% | $287K | $112K | 50x | as long as short |
| Binance APRUSDT | +0.0100% | 4h | 0.1472 | −0.031% | $6.7M | $5.1M | 50x | as long as short |
| Bybit APRUSDTshort | +0.0100% | 4h | 0.1472 | −0.048% | $1.5M | $653K | 20x | |
| MEXC APR_USDT | +0.0100% | 4h | 0.1472 | −0.048% | $368K | $176K | 50x | as long as short |
| SunX APR-USDT | +0.0100% | 4h | 0.1468 | −0.319% | $1K | $1.2M | 20x | as long as short |
| HTX APR-USDT | +0.0100% | 4h | 0.1480 | +0.496% | $19K | $38K | 20x | as long as short |
| Bitget APRUSDTlong | +0.0172% | 4h | 0.1473 | long leg | $3.9M | $1.0M | 50x | |
| OKX APR-USDT-SWAP | +0.0406% | 4h | 0.1473 | +0.020% | $1.3M | $2.5M | 20x | as long as short |
| BingX APR-USDT | +0.0418% | 4h | 0.1472 | −0.048% | — | $1.4M | — | as long as short |
| Aster APRUSDT | +0.0708% | 4h | 0.1471 | −0.113% | $71K | $78K | 5x | as long as short |
BloFin APR-USDT
Binance APRUSDT
MEXC APR_USDT
SunX APR-USDT
HTX APR-USDT
OKX APR-USDT-SWAP
BingX APR-USDT
Aster APRUSDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin APRUSDTM | +0.0906% | 4h | 0.1472 | −0.034% | $2.4M | $346K | 50x | as long as short |
| Gate APR_USDT | +0.0956% | 4h | 0.1469 | −0.238% | $697K | $213K | 25x | as long as short |
KuCoin APRUSDTM
Gate APR_USDT