Funding you earn now, next payment 00:00 UTC+0.0661%/8h= +72.4% APRnext payment +$3.31 per $10,000 · paid last 24h +0.025%
Price spread now: Binance against Bitget−0.081%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$138as in the Funding arb table
Net, price: spread back to 7d avg − costs−$151as in the Price arb table
costs, in and out, $10k−$1401.401% of the position
Funding, last 7 days+0.025%+$3 on $10k
+Price spread, last 4 days (all we have)+0.074%+$7 · spread now −0.081%, 7d avg +0.029%
=Funding pays, the price is against you. Binance is 0.110% cheaper against Bitget than usual: you would sell low and buy high (spread −0.081% now, against its 7-day average of +0.029%). If the spread goes back, that is −$11 on $10k: about 13 hours of funding at the current rate (+$20 a day). At the pace of the last 7 days (+0.025% in total) that is about 31 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.025% in total (about 1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.31 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 ASRUSDT | 0.8700 | 0.0100 | pay 0.0050% / 4h | 33m 17s | $194K | $71K | 10x |
| Short | Binance ASRUSDT | 0.8693 | 0.0761 | get 0.0381% / 4h | 33m 17s | $1.9M | $715K | 10x |
Bitget ASRUSDT
Binance ASRUSDTFunding 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
- $138.85
- Price spread: −0.081% → +0.029%
- −$11.04
- Slippage, 4 orders
- −$118.09
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$12.27
- Costs to cover
- 1.401%
- Break-even
- 7.6 days
Slippage from Bitget: live order book, 36 min ago; Binance: live order book, 16 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, 36 min ago | 5.76 bp | 39.5 bp −$40 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 2.87 bp | 27.0 bp −$27 | 453.8 bp −$4,538 | doesn't fit | doesn't fit |
ASR on 8 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 ASR_USDT | +0.0100% | 4h | 0.8700 | 0.000% | $29K | $7K | 20x | as long as short |
| KuCoin ASRUSDTM | +0.0100% | 4h | 0.8700 | 0.000% | $187K | $48K | 10x | as long as short |
| Bitget ASRUSDTlong | +0.0100% | 4h | 0.8700 | long leg | $194K | $71K | 10x | |
| Variational Omni ASR | +0.0100% | 4h | 0.8706 | +0.075% | $4K | $6K | — | as long as short |
| Bybit ASRUSDT | +0.0102% | 4h | 0.8700 | 0.000% | $134K | $73K | 25x | as long as short |
| BingX ASR-USDT | +0.0752% | 4h | 0.8694 | −0.069% | — | $1.2M | — | as long as short |
| MEXC ASR_USDT | +0.0760% | 4h | 0.8694 | −0.069% | $650K | $96K | 50x | as long as short |
| Binance ASRUSDTshort | +0.0761% | 4h | 0.8693 | −0.081% | $1.9M | $715K | 10x |
Gate ASR_USDT
KuCoin ASRUSDTM
Variational Omni ASR
Bybit ASRUSDT
BingX ASR-USDT
MEXC ASR_USDT