Funding you earn now, next payment 04:00 UTC−0.1616%/8h= −176.9% APRnext payment −$8.08 per $10,000 · paid last 24h −0.934%
Price spread now: Bitget against Bybit+0.359%7-day average +0.072% · you sell dearer than you buy
Net, funding: paid 7d − costs−$279as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1921.919% of the position
Funding, last 7 days−0.875%−$87 on $10k
+Price spread, last 4 days (all we have)−0.301%−$30 · spread now +0.359%, 7d avg +0.072%
=The price spread pays, funding is against you. Bitget is 0.287% dearer against Bybit than usual: you sell high and buy low (spread +0.359% now, against its 7-day average of +0.072%): +$29 on $10k if it goes back. Holding the pair costs −$48 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.875% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.875% in total (about -45.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.08 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 | Bybit BIRBUSDT | 0.06966 | 0.1716 | pay 0.0858% / 4h | 3h 18m | $649K | $460K | 25x |
| Short | Bitget BIRBUSDT | 0.06991 | 0.0100 | get 0.0050% / 4h | 3h 18m | $439K | $194K | 20x |
Bybit BIRBUSDT
Bitget BIRBUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- −$339.27
- Price spread: +0.359% → +0.072%
- $28.74
- Slippage, 4 orders
- −$168.9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$502.44
- Costs to cover
- 1.919%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 47 min ago; Bitget: live order book, 47 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 Bybit live order book, 47 min ago | 5.80 bp | 71.4 bp −$71 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 47 min ago | 5.05 bp | 31.6 bp −$32 | 207.0 bp −$2,070 | 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 | 0.06992 | +0.379% | $16K | $17K | 5x | as long as short |
| Binance BIRBUSDT | +0.0100% | 4h | 0.06984 | +0.254% | $1.3M | $1.7M | 50x | as long as short |
| Gate BIRB_USDT | +0.0100% | 4h | 0.06980 | +0.201% | $61K | $56K | 20x | as long as short |
| MEXC BIRB_USDT | +0.0100% | 4h | 0.06992 | +0.373% | $142K | $101K | 50x | as long as short |
| KuCoin BIRBUSDTM | +0.0100% | 4h | 0.07000 | +0.488% | $75K | $38K | 20x | as long as short |
| Bitget BIRBUSDTshort | +0.0100% | 4h | 0.06991 | +0.359% | $439K | $194K | 20x | |
| BingX BIRB-USDT | +0.1466% | 4h | 0.06981 | +0.215% | — | $735K | — | as long as short |
| Bybit BIRBUSDTlong | +0.1716% | 4h | 0.06966 | long leg | $649K | $460K | 25x | |
| BloFin BIRB-USDT | +0.1751% | 4h | 0.06995 | +0.416% | $84K | $5K | 25x | as long as short |
Aster BIRBUSDT
Binance BIRBUSDT
Gate BIRB_USDT
MEXC BIRB_USDT
KuCoin BIRBUSDTM
BingX BIRB-USDT
BloFin BIRB-USDT