Funding you earn now, next payment 00:00 UTC+0.0246%/8h= +26.9% APRnext payment +$1.23 per $10,000 · paid last 24h +0.127%
Price spread now: Bybit against Bitget−0.035%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$394as in the Funding arb table
Net, price: spread back to 7d avg − costs−$397as in the Price arb table
costs, in and out, $10k−$4003.999% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 7 days−0.048%−$5 · spread now −0.035%, 7d avg −0.067%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bybit is 0.032% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.067%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.057% in total (about 3.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.23 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 ARXUSDT | 0.2011 | 0.0264 | pay 0.0132% / 4h | 1h 38m | $1.9M | $1.7M | 20x |
| Short | Bybit ARXUSDT | 0.2010 | 0.0510 | get 0.0255% / 4h | 1h 38m | $4.0M | $2.3M | 20x |
Bitget ARXUSDT
Bybit ARXUSDTFunding 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
- $51.68
- Price spread: −0.035% → −0.067%
- $3.22
- Slippage, 4 orders
- −$376.89
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$344.98
- Costs to cover
- 3.999%
- Break-even
- 53.7 days
Slippage from Bitget: live order book, 3 min ago; Bybit: live order book, 4 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, 3 min ago | 8.42 bp | 39.9 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 2.48 bp | 138.2 bp −$138 | 1056.8 bp −$10.6K | doesn't fit | doesn't fit |
ARX on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate ARX_USDT | +0.0100% | 4h | 0.2018 | +0.363% | $1.0M | $430K | 20x | as long as short |
| KuCoin ARXUSDTM | +0.0100% | 4h | 0.2007 | −0.194% | $708K | $672K | 20x | as long as short |
| OKX ARX-USDT-SWAP | +0.0134% | 4h | 0.2010 | −0.035% | $715K | $2.9M | 20x | as long as short |
| BloFin ARX-USDT | +0.0142% | 4h | 0.2010 | −0.035% | $236K | $51K | 20x | as long as short |
| Bitget ARXUSDTlong | +0.0264% | 4h | 0.2011 | long leg | $1.9M | $1.7M | 20x | |
| BingX ARX-USDT | +0.0332% | 4h | 0.2009 | −0.085% | — | $1.7M | — | as long as short |
| MEXC ARX_USDT | +0.0362% | 4h | 0.2009 | −0.085% | $865K | $401K | 20x | as long as short |
| Binance ARXUSDT | +0.0362% | 4h | 0.2009 | −0.085% | $5.5M | $11.0M | 20x | as long as short |
| Bybit ARXUSDTshort | +0.0510% | 4h | 0.2010 | −0.035% | $4.0M | $2.3M | 20x | |
| Aster ARXUSDT | +0.0634% | 4h | 0.2011 | +0.015% | $101K | $72K | 10x | as long as short |
Gate ARX_USDT
KuCoin ARXUSDTM
OKX ARX-USDT-SWAP
BloFin ARX-USDT
BingX ARX-USDT
MEXC ARX_USDT
Binance ARXUSDT
Aster ARXUSDT