Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bitget−0.027%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$106as in the Price arb table
costs, in and out, $10k−$1071.069% of the position
Funding, last 7 days−0.014%−$1 on $10k
+Price spread, last 4 days (all we have)−0.016%−$2 · spread now −0.027%, 7d avg −0.035%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget AUCTIONUSDT | 3.7220 | 0.0100 | pay 0.0050% / 4h | 1h 08m | $380K | $150K | 25x |
| Short | Binance AUCTIONUSDT | 3.7210 | 0.0100 | get 0.0050% / 4h | 1h 08m | $2.4M | $1.7M | 50x |
Bitget AUCTIONUSDT
Binance AUCTIONUSDTFunding 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
- $0
- Price spread: −0.027% → −0.035%
- $0.86
- Slippage, 4 orders
- −$84.89
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$106.03
- Costs to cover
- 1.069%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 27 min ago; Binance: live order book, 11 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, 27 min ago | 4.06 bp | 27.7 bp −$28 | 173.6 bp −$1,736 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 2.69 bp | 27.7 bp −$28 | 126.5 bp −$1,265 | doesn't fit | doesn't fit |
AUCTION on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_AUCTIONUSD | −0.0206% | 1h | 3.7223 | +0.008% | $8K | $259 | 10x | as long as short |
| Aster AUCTIONUSDT | +0.0100% | 4h | 3.7199 | −0.057% | $715 | $3K | 5x | as long as short |
| Binance AUCTIONUSDTshort | +0.0100% | 4h | 3.7210 | −0.027% | $2.4M | $1.7M | 50x | |
| Bybit AUCTIONUSDT | +0.0100% | 4h | 3.7250 | +0.081% | $591K | $264K | 25x | as long as short |
| OKX AUCTION-USDT-SWAP | +0.0100% | 4h | 3.7210 | −0.027% | $794K | $680K | 20x | as long as short |
| Gate AUCTION_USDT | +0.0100% | 8h | 3.7210 | −0.027% | $103K | $67K | 50x | as long as short |
| MEXC AUCTION_USDT | +0.0100% | 4h | 3.7220 | 0.000% | $436K | $149K | 20x | as long as short |
| KuCoin AUCTIONUSDTM | +0.0100% | 4h | 3.7210 | −0.027% | $341K | $122K | 20x | as long as short |
| Bitget AUCTIONUSDTlong | +0.0100% | 4h | 3.7220 | long leg | $380K | $150K | 25x | |
| BingX AUCTION-USDT | +0.0100% | 4h | 3.7200 | −0.054% | — | $13.8M | — | as long as short |
Kraken Futures PF_AUCTIONUSD
Aster AUCTIONUSDT
Bybit AUCTIONUSDT
OKX AUCTION-USDT-SWAP
Gate AUCTION_USDT
MEXC AUCTION_USDT
KuCoin AUCTIONUSDTM
BingX AUCTION-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni AUCTION | +0.0100% | 4h | 3.7193 | −0.072% | $172 | $38 | — | as long as short |
Variational Omni AUCTION