Funding you earn now, next payment 00:00 UTC−0.0520%/8h= −56.9% APRnext payment −$2.60 per $10,000 · paid last 24h −0.113%
Price spread now: Bybit against Bitget−0.021%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$108as in the Funding arb table
Net, price: spread back to 7d avg − costs−$101as in the Price arb table
costs, in and out, $10k−$980.983% of the position
Funding, last 7 days−0.098%−$10 on $10k
+Price spread, last 7 days+0.152%+$15 · spread now −0.021%, 7d avg +0.008%
=Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Bybit is 0.028% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.008%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.098% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.60 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 BRUSDT | 1.1029 | 0.0620 | pay 0.0310% / 4h | 1h 02m | $8.1M | $12.6M | 10x |
| Short | Bybit BRUSDT | 1.1027 | 0.0100 | get 0.0050% / 4h | 1h 02m | $10.7M | $25.8M | 5x |
Bitget BRUSDT
Bybit BRUSDTFunding 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
- −$109.2
- Price spread: −0.021% → +0.008%
- −$2.84
- Slippage, 4 orders
- −$75.34
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$210.38
- Costs to cover
- 0.983%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 1 min ago; Bybit: live order book, 1 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, 1 min ago | 2.45 bp | 33.1 bp −$33 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 2.58 bp | 23.6 bp −$24 | 102.8 bp −$1,028 | doesn't fit | doesn't fit |
BR on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX BR-USDT | +0.0080% | 4h | 1.1034 | +0.044% | — | $6.3M | — | as long as short |
| Bybit BRUSDTshort | +0.0100% | 4h | 1.1027 | −0.021% | $10.7M | $25.8M | 5x | |
| Gate BR_USDT | +0.0100% | 4h | 1.1030 | +0.006% | $7.4M | $8.7M | 20x | as long as short |
| Variational Omni BR | +0.0100% | 4h | 1.1041 | +0.110% | $262K | $296K | — | as long as short |
| SunX BR-USDT | +0.0100% | 4h | 1.1065 | +0.322% | — | $693K | 10x | as long as short |
| HTX BR-USDT | +0.0100% | 4h | 1.1085 | +0.510% | $85K | $238K | 20x | as long as short |
| KuCoin BRUSDTM | +0.0204% | 4h | 1.1037 | +0.069% | $4.8M | $5.4M | 30x | as long as short |
| Aster BRUSDT | +0.0512% | 4h | 1.1043 | +0.123% | $723K | $2.7M | 5x | as long as short |
| Bitget BRUSDTlong | +0.0620% | 4h | 1.1029 | long leg | $8.1M | $12.6M | 10x | |
| MEXC BR_USDT | +0.1262% | 4h | 1.1044 | +0.131% | $15.2M | $7.5M | 100x | as long as short |
BingX BR-USDT
Gate BR_USDT
Variational Omni BR
SunX BR-USDT
HTX BR-USDT
KuCoin BRUSDTM
Aster BRUSDT
MEXC BR_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance BRUSDT | +0.1264% | 4h | 1.1042 | +0.114% | $52.9M | $162.5M | 25x | as long as short |
Binance BRUSDT