Funding you earn now, next payment 08:00 UTC−0.0540%/8h= −59.2% APRnext payment −$2.70 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Bybit−0.139%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$442as in the Funding arb table
Net, price: spread back to 7d avg − costs−$450as in the Price arb table
costs, in and out, $10k−$4394.390% of the position
Funding, last 7 days−0.028%−$3 on $10k
+Price spread, last 4 days (all we have)+0.045%+$4 · spread now −0.139%, 7d avg −0.030%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Bitget is 0.110% cheaper against Bybit than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.030%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.028% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.70 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 | Bybit ATUSDT | 0.1579 | 0.0640 | pay 0.0320% / 4h | 2h 43m | $548K | $1.0M | 25x |
| Short | Bitget ATUSDT | 0.1577 | 0.0100 | get 0.0050% / 4h | 2h 43m | $669K | $171K | 50x |
Bybit ATUSDT
Bitget ATUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- −$113.48
- Price spread: −0.139% → −0.030%
- −$10.96
- Slippage, 4 orders
- −$416.05
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$563.49
- Costs to cover
- 4.390%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 2 min ago; Bitget: live order book, 2 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 Bybit live order book, 2 min ago | 6.92 bp | 169.2 bp −$169 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 6.30 bp | 47.1 bp −$47 | 300.4 bp −$3,004 | doesn't fit | doesn't fit |
AT 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance ATUSDT | +0.0100% | 4h | 0.1577 | −0.148% | $8.6M | $3.6M | 50x | as long as short |
| OKX AT-USDT-SWAP | +0.0100% | 4h | 0.1580 | +0.051% | $220K | $533K | 20x | as long as short |
| Gate AT_USDT | +0.0100% | 4h | 0.1575 | −0.298% | $154K | $185K | 20x | as long as short |
| MEXC AT_USDT | +0.0100% | 4h | 0.1577 | −0.139% | $248K | $169K | 50x | as long as short |
| KuCoin ATUSDTM | +0.0100% | 4h | 0.1575 | −0.266% | $256K | $158K | 50x | as long as short |
| Bitget ATUSDTshort | +0.0100% | 4h | 0.1577 | −0.139% | $669K | $171K | 50x | |
| BloFin AT-USDT | +0.0110% | 4h | 0.1579 | −0.013% | $363K | $7K | 50x | as long as short |
| Aster ATUSDT | +0.0259% | 4h | 0.1577 | −0.138% | $32K | $13K | 5x | as long as short |
| Bybit ATUSDTlong | +0.0640% | 4h | 0.1579 | long leg | $548K | $1.0M | 25x | |
| BingX AT-USDT | +0.0860% | 4h | 0.1577 | −0.139% | — | $6.5M | — | as long as short |
Binance ATUSDT
OKX AT-USDT-SWAP
Gate AT_USDT
MEXC AT_USDT
KuCoin ATUSDTM
BloFin AT-USDT
Aster ATUSDT
BingX AT-USDT