Funding you earn now, next payment 08:00 UTC−0.0218%/8h= −23.9% APRnext payment −$1.09 per $10,000 · paid last 24h −0.053%
Price spread now: Bybit against Bitget−0.074%7-day average −0.124% · you buy dearer than you sell
Net, funding: paid 7d − costs−$673as in the Funding arb table
Net, price: spread back to 7d avg − costs−$666as in the Price arb table
costs, in and out, $10k−$6716.710% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 7 days+0.106%+$11 · spread now −0.074%, 7d avg −0.124%
=The price spread pays, funding is against you. Bybit is 0.049% dearer against Bitget than usual: you sell high and buy low (spread −0.074% now, against its 7-day average of −0.124%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.021% in total) that is about 16 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.09 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 BUSDT | 0.2016 | 0.0318 | pay 0.0159% / 4h | 3h 34m | $2.8M | $298K | 10x |
| Short | Bybit BUSDT | 0.2014 | 0.0100 | get 0.0050% / 4h | 3h 34m | $1.8M | $987K | 13x |
Bitget BUSDT
Bybit BUSDTFunding 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
- −$45.78
- Price spread: −0.074% → −0.124%
- $4.93
- Slippage, 4 orders
- −$647.98
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$711.83
- Costs to cover
- 6.710%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Bybit: 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 Bitget live order book, 3 min ago | 4.94 bp | 29.0 bp −$29 | 472.6 bp −$4,726 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 5.94 bp | 144.7 bp −$145 | 1478.9 bp −$14.8K | doesn't fit | doesn't fit |
B 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit BUSDTshort | +0.0100% | 4h | 0.2014 | −0.074% | $1.8M | $987K | 13x | |
| Gate B_USDT | +0.0100% | 4h | 0.2019 | +0.149% | $3.4M | $628K | 20x | as long as short |
| KuCoin BUSDTM | +0.0100% | 4h | 0.2019 | +0.159% | $1.9M | $82K | 10x | as long as short |
| edgeX BUSDC | +0.0269% | 4h | 0.2026 | +0.491% | $3K | $389K | 5x | as long as short |
| Binance BUSDT | +0.0277% | 4h | 0.2017 | +0.039% | $11.7M | $2.0M | 20x | as long as short |
| MEXC B_USDT | +0.0278% | 4h | 0.2020 | +0.198% | $966K | $373K | 100x | as long as short |
| Extended B-USD | +0.0280% | 1h | 0.2020 | +0.213% | $16K | $216K | 5x | as long as short |
| Bitget BUSDTlong | +0.0318% | 4h | 0.2016 | long leg | $2.8M | $298K | 10x | |
| BloFin B-USDT | +0.0319% | 4h | 0.2027 | +0.546% | $605K | $38K | 20x | as long as short |
| BingX B-USDT | +0.0332% | 4h | 0.2021 | +0.248% | — | $1.3M | — | as long as short |
Gate B_USDT
KuCoin BUSDTM
edgeX BUSDC
Binance BUSDT
MEXC B_USDT
Extended B-USD
BloFin B-USDT
BingX B-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster BUSDT | +0.0966% | 4h | 0.2022 | +0.283% | $1.9M | $223K | 5x | as long as short |
Aster BUSDT