Settings8H · net · $10k
Funding arb · Price arb /

BIRB

all BIRB markets
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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Bitget+0.058%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$95as in the Price arb table
costs, in and out, $10k−$1000.995% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.033%+$3 on $10k
Price spread, last 4 days (all we have)−0.063%−$6 · spread now +0.058%, 7d avg +0.017%
Together, before fees−0.031%−$3 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.041% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BIRBUSDT0.069050.0100pay 0.0050% / 4h2h 28m$434K$189K20x
ShortMEXC BIRB_USDT0.069090.0100get 0.0050% / 4h2h 28m$141K$102K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Bitget. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.058% → +0.017%
$4.06
Slippage, 4 orders
−$83.53
Fee Bitget: 6 bp × 2 orders
−$12
Fee MEXC: 2 bp × 2 orders
−$4
Net
−$95.47
Costs to cover
0.995%
Break-even
never at this rate
Slippage from Bitget: live order book, 32 min ago; MEXC: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 32 min ago5.81 bp33.8 bp −$34doesn't fitdoesn't fitdoesn't fit
Sell MEXC live order book, 11 min ago7.28 bp18.9 bp −$1971.3 bp −$713287.7 bp −$28.8K870.9 bp −$435.4K

BIRB on 8 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster BIRBUSDT+0.0100%4h0.06920+0.216%$16K$17K5xas long as short
Binance BIRBUSDT+0.0100%4h0.06910+0.068%$1.3M$1.8M50xas long as short
Gate BIRB_USDT+0.0100%4h0.06911+0.087%$57K$60K20xas long as short
MEXC BIRB_USDTshort+0.0100%4h0.06909+0.058%$141K$102K50x
KuCoin BIRBUSDTM+0.0100%4h0.06915+0.145%$72K$37K20xas long as short
Bitget BIRBUSDTlong+0.0100%4h0.06905long leg$434K$189K20x
BingX BIRB-USDT+0.1636%4h0.06903−0.029%$739Kas long as short
Bybit BIRBUSDT+0.1758%4h0.06880−0.362%$641K$477K25xas long as short