Funding you earn now, next payment 00:00 UTC−0.3742%/8h= −409.7% APRnext payment −$18.71 per $10,000 · paid last 24h −0.760%
Price spread now: Bitget against BingX+0.116%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$218as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1381.382% of the position
Funding, last 7 days−0.793%−$79 on $10k
+Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.116%, 7d avg −0.006%
=The price spread pays, funding is against you. Bitget is 0.121% dearer against BingX than usual: you sell high and buy low (spread +0.116% now, against its 7-day average of −0.006%): +$12 on $10k if it goes back. Holding the pair costs −$112 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.793% in total) that is about 26 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.793% in total (about -41.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$18.71 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 | BingX BIRB-USDT | 0.06920 | 0.3842 | pay 0.1921% / 4h | 59m 49s | — | $736K | — |
| Short | Bitget BIRBUSDT | 0.06928 | 0.0100 | get 0.0050% / 4h | 59m 49s | $430K | $203K | 20x |
BingX BIRB-USDT
Bitget BIRBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- −$785.82
- Price spread: +0.116% → −0.006%
- $12.14
- Slippage, 4 orders
- −$116.21
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$911.89
- Costs to cover
- 1.382%
- Break-even
- never at this rate
Slippage from BingX: live order book, 44 min ago; Bitget: 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 BingX live order book, 44 min ago | 10.81 bp | 36.4 bp −$36 | 150.5 bp −$1,505 | 1107.5 bp −$110.8K | doesn't fit |
| Sell Bitget live order book, 11 min ago | 5.06 bp | 25.8 bp −$26 | 235.5 bp −$2,355 | doesn't fit | doesn't fit |
BIRB 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BIRBUSDT | +0.0100% | 4h | 0.06927 | +0.101% | $16K | $17K | 5x | as long as short |
| Binance BIRBUSDT | +0.0100% | 4h | 0.06935 | +0.217% | $1.2M | $1.6M | 50x | as long as short |
| Gate BIRB_USDT | +0.0100% | 4h | 0.06925 | +0.072% | $61K | $57K | 20x | as long as short |
| MEXC BIRB_USDT | +0.0100% | 4h | 0.06937 | +0.246% | $143K | $103K | 50x | as long as short |
| KuCoin BIRBUSDTM | +0.0100% | 4h | 0.06936 | +0.231% | $81K | $40K | 20x | as long as short |
| Bitget BIRBUSDTshort | +0.0100% | 4h | 0.06928 | +0.116% | $430K | $203K | 20x | |
| BingX BIRB-USDTlong | +0.3842% | 4h | 0.06920 | long leg | — | $736K | — | |
| Bybit BIRBUSDT | +0.3984% | 4h | 0.06891 | −0.419% | $637K | $424K | 25x | as long as short |
| BloFin BIRB-USDT | +0.4062% | 4h | 0.06888 | −0.462% | $83K | $5K | 25x | as long as short |
Aster BIRBUSDT
Binance BIRBUSDT
Gate BIRB_USDT
MEXC BIRB_USDT
KuCoin BIRBUSDTM
Bybit BIRBUSDT
BloFin BIRB-USDT