Funding you earn now, next payment 00:00 UTC−0.1156%/8h= −126.6% APRnext payment −$5.78 per $10,000 · paid last 24h −0.114%
Price spread now: Bitget against Gate−0.366%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$191as in the Funding arb table
Net, price: spread back to 7d avg − costs−$208as in the Price arb table
costs, in and out, $10k−$1751.751% of the position
Funding, last 7 days−0.157%−$16 on $10k
+Price spread, last 4 days (all we have)+0.732%+$73 · spread now −0.366%, 7d avg −0.036%
=Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and Bitget is 0.330% cheaper against Gate than usual: you would sell low and buy high (−$33 if the spread goes back to its 7-day average of −0.036%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.157% in total (about -8.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.78 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 | Gate B2_USDT | 0.4923 | 0.2706 | pay 0.1353% / 4h | 2h 42m | $863K | $441K | 20x |
| Short | Bitget B2USDT | 0.4905 | 0.1550 | get 0.0775% / 4h | 2h 42m | $2.7M | $1.4M | 50x |
Gate B2_USDT
Bitget B2USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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
- −$242.76
- Price spread: −0.366% → −0.036%
- −$33.01
- Slippage, 4 orders
- −$148.13
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$450.9
- Costs to cover
- 1.751%
- Break-even
- never at this rate
Slippage from Gate: live order book, 44 min ago; Bitget: live order book, 5 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 Gate live order book, 44 min ago | 12.16 bp | 45.9 bp −$46 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 4.08 bp | 29.1 bp −$29 | 154.4 bp −$1,544 | doesn't fit | doesn't fit |
B2 on 9 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 B2USDT | +0.0924% | 4h | 0.4910 | −0.264% | $1.5M | $2.8M | 20x | as long as short |
| Aster B2USDT | +0.0949% | 4h | 0.4913 | −0.200% | $155K | $187K | 5x | as long as short |
| Binance B2USDT | +0.0983% | 4h | 0.4913 | −0.209% | $7.9M | $13.2M | 50x | as long as short |
| MEXC B2_USDT | +0.0986% | 4h | 0.4911 | −0.244% | $560K | $559K | 100x | as long as short |
| BingX B2-USDT | +0.1478% | 4h | 0.4910 | −0.264% | — | $1.4M | — | as long as short |
| Bitget B2USDTshort | +0.1550% | 4h | 0.4905 | −0.366% | $2.7M | $1.4M | 50x | |
| KuCoin B2USDTM | +0.1842% | 4h | 0.4919 | −0.081% | $1.1M | $317K | 50x | as long as short |
| Variational Omni B2 | +0.1870% | 4h | 0.4900 | −0.477% | $14K | $2K | — | as long as short |
| Gate B2_USDTlong | +0.2706% | 4h | 0.4923 | long leg | $863K | $441K | 20x |
Bybit B2USDT
Aster B2USDT
Binance B2USDT
MEXC B2_USDT
BingX B2-USDT
KuCoin B2USDTM
Variational Omni B2