Funding you earn now, next payment 00:00 UTC+0.4788%/8h= +524.3% APRnext payment +$23.94 per $10,000 · paid last 24h +0.791%
Price spread now: Bybit against Bitget−0.447%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$178as in the Funding arb table
Net, price: spread back to 7d avg − costs−$290as in the Price arb table
costs, in and out, $10k−$2522.516% of the position
Funding, last 7 days+0.731%+$73 on $10k
+Price spread, last 4 days (all we have)+0.393%+$39 · spread now −0.447%, 7d avg −0.059%
=Funding pays, the price is against you. Bybit is 0.388% cheaper against Bitget than usual: you would sell low and buy high (spread −0.447% now, against its 7-day average of −0.059%). If the spread goes back, that is −$39 on $10k: about 6 hours of funding at the current rate (+$144 a day). At the pace of the last 7 days (+0.731% in total) that is about 3.7 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.731% in total (about 38.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$23.94 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 BIRBUSDT | 0.06934 | 0.0100 | pay 0.0050% / 4h | 1h 49m | $427K | $203K | 20x |
| Short | Bybit BIRBUSDT | 0.06903 | 0.4888 | get 0.2444% / 4h | 1h 49m | $643K | $418K | 25x |
Bitget BIRBUSDT
Bybit BIRBUSDTFunding 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
- $1,005.56
- Price spread: −0.447% → −0.059%
- −$38.81
- Slippage, 4 orders
- −$228.62
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $715.13
- Costs to cover
- 2.516%
- Break-even
- 2.0 days
Slippage from Bitget: live order book, 26 min ago; Bybit: live order book, 26 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, 26 min ago | 7.21 bp | 45.3 bp −$45 | 488.0 bp −$4,880 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 26 min ago | 7.24 bp | 68.0 bp −$68 | doesn't fit | 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 | 0.06939 | +0.072% | $1.2M | $1.6M | 50x | as long as short |
| Gate BIRB_USDT | +0.0100% | 4h | 0.06935 | +0.014% | $62K | $56K | 20x | as long as short |
| MEXC BIRB_USDT | +0.0100% | 4h | 0.06937 | +0.043% | $143K | $100K | 50x | as long as short |
| KuCoin BIRBUSDTM | +0.0100% | 4h | 0.06938 | +0.058% | $81K | $42K | 20x | as long as short |
| Bitget BIRBUSDTlong | +0.0100% | 4h | 0.06934 | long leg | $427K | $203K | 20x | |
| BingX BIRB-USDT | +0.4714% | 4h | 0.06927 | −0.101% | — | $732K | — | as long as short |
| Bybit BIRBUSDTshort | +0.4888% | 4h | 0.06903 | −0.447% | $643K | $418K | 25x | |
| BloFin BIRB-USDT | +0.4960% | 4h | 0.06893 | −0.591% | $83K | $5K | 25x | as long as short |
Aster BIRBUSDT
Binance BIRBUSDT
Gate BIRB_USDT
MEXC BIRB_USDT
KuCoin BIRBUSDTM
BingX BIRB-USDT
BloFin BIRB-USDT