Funding you earn now, next payment 04:00 UTC−0.1032%/8h= −113.0% APRnext payment −$5.16 per $10,000 · paid last 24h −0.046%
Price spread now: Bybit against Bitget−0.295%7-day average −0.221% · you buy dearer than you sell
Net, funding: paid 7d − costs−$742as in the Funding arb table
Net, price: spread back to 7d avg − costs−$788as in the Price arb table
costs, in and out, $10k−$7807.804% of the position
Funding, last 7 days+0.383%+$38 on $10k
+Price spread, last 4 days (all we have)+0.070%+$7 · spread now −0.295%, 7d avg −0.221%
=Both sides work against this trade now: funding costs −$31 a day on $10k at the current rate, and Bybit is 0.074% cheaper against Bitget than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.221%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.383%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.383% in total (about 20.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.16 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 | Bitget ARIAUSDT | 0.03387 | 0.1132 | pay 0.0566% / 4h | 2h 11m | $872K | $58K | 10x |
| Short | Bybit ARIAUSDT | 0.03377 | 0.0100 | get 0.0050% / 4h | 2h 11m | $919K | $259K | 25x |
Bitget ARIAUSDT
Bybit ARIAUSDTFunding 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
- −$216.72
- Price spread: −0.295% → −0.221%
- −$7.43
- Slippage, 4 orders
- −$757.35
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,004.51
- Costs to cover
- 7.804%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 55 min ago; Bybit: live order book, 54 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, 55 min ago | 2.94 bp | 170.2 bp −$170 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 54 min ago | 4.43 bp | 159.6 bp −$160 | doesn't fit | doesn't fit | doesn't fit |
ARIA on 9 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 ARIAUSDTshort | +0.0100% | 4h | 0.03377 | −0.295% | $919K | $259K | 25x | |
| KuCoin ARIAUSDTM | +0.0100% | 4h | 0.03387 | 0.000% | $338K | $57K | 10x | as long as short |
| Variational Omni ARIA | +0.0100% | 4h | 0.03379 | −0.239% | $119 | — | — | as long as short |
| Gate ARIA_USDT | +0.0784% | 4h | 0.03388 | +0.030% | $206K | $57K | 10x | as long as short |
| Bitget ARIAUSDTlong | +0.1132% | 4h | 0.03387 | long leg | $872K | $58K | 10x | |
| Binance ARIAUSDT | +0.1645% | 4h | 0.03386 | −0.043% | $2.9M | $1.5M | 10x | as long as short |
| BingX ARIA-USDT | +0.1648% | 4h | 0.03388 | +0.030% | — | $2.4M | — | as long as short |
| MEXC ARIA_USDT | +0.1658% | 4h | 0.03380 | −0.207% | $131K | $97K | 20x | as long as short |
| Aster ARIAUSDT | +0.1662% | 4h | 0.03380 | −0.207% | $86K | $8K | 5x | as long as short |
KuCoin ARIAUSDTM
Variational Omni ARIA
Gate ARIA_USDT
Binance ARIAUSDT
BingX ARIA-USDT
MEXC ARIA_USDT
Aster ARIAUSDT