Funding you earn now, next payment 00:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.63 per $10,000 · paid last 24h +0.015%
Price spread now: Bybit against Bitget−0.015%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$230.230% of the position
Funding, last 7 days+0.011%+$1 on $10k
+Price spread, last 7 days+0.008%+$1 · spread now −0.015%, 7d avg +0.001%
=The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BTCUSDT | 87,093.2 | 0.0014 | pay 0.0014% / 8h | 3h 29m | $2.97B | $5.06B | 150x |
| Short | Bybit BTCUSDT | 87,080 | 0.0077 | get 0.0077% / 8h | 3h 29m | $5.33B | $9.60B | 150x |
Bitget BTCUSDT
Bybit BTCUSDTFunding 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
- $13.17
- Price spread: −0.015% → +0.001%
- −$1.65
- Slippage, 4 orders
- −$0.02
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$11.5
- Costs to cover
- 0.230%
- Break-even
- 13.1 days
Slippage from Bitget: live order book, 5 min ago; Bybit: live order book, 5 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, 5 min ago | 0.01 bp | 6.0 bp −$6 | 6.0 bp −$60 | 6.5 bp −$652 | 7.6 bp −$3,779 |
| Sell Bybit live order book, 5 min ago | 0.01 bp | 5.5 bp −$6 | 5.5 bp −$55 | 5.8 bp −$579 | 7.1 bp −$3,531 |
BTC on 56 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX BTC-USD | −0.0124% | 1h | 87,251.1 | +0.181% | $18.3M | $19.7M | 50x | as long as short |
| Phoenix BTC | −0.0123% | 1h | 87,236 | +0.164% | $2.2M | $12.0M | 40x | as long as short |
| Perpl BTC | −0.0112% | 43m | 87,237.8 | +0.166% | $425K | $25.9M | 6.7x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 87,242 | +0.171% | $9K | $3K | 50x | as long as short |
| Aftermath Perps BTCUSD | −0.0053% | 1h | 87,113.2 | +0.023% | $85K | $188K | 20x | as long as short |
| ApeX Omni BTCUSDT | −0.0034% | 1h | 86,865.4 | −0.262% | $141.8M | $321.8M | 100x | as long as short |
| 01 Exchange BTCUSD | −0.0016% | 1h | 87,216.2 | +0.141% | $305K | $2.4M | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0005% | 8h | 87,102 | +0.010% | $845.7M | $701.5M | 125x | as long as short |
| Deribit BTC-PERPETUAL | 0.0000% | 1h | 87,267.1 | +0.200% | $934.1M | $1.32B | 50x | as long as short |
| Phemex BTCUSDT | +0.0002% | 8h | 87,248 | +0.178% | $153.6M | $457.2M | 150x | as long as short |
dYdX BTC-USD
Phoenix BTC
Perpl BTC
Hotstuff BTC-PERP
Aftermath Perps BTCUSD
ApeX Omni BTCUSDT
01 Exchange BTCUSD
KuCoin XBTUSDTM
Deribit BTC-PERPETUAL
Phemex BTCUSDTShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) BTC/USD | L +0.0005% / S −0.0004% | 1h | 87,113.3 | +0.023% | $36.9M | — | 200x | as long as short |
| BingX BTC-USDC | +0.0010% | 8h | 87,073 | −0.023% | — | $15.2M | — | as long as short |
| RISEx BTC/USDC | +0.0010% | 1h | 87,279.3 | +0.214% | $8.7M | $40.9M | 25x | as long as short |
| Bitget BTCUSDTlong | +0.0014% | 8h | 87,093.2 | long leg | $2.97B | $5.06B | 150x | |
| Reya BTCRUSDPERP | +0.0016% | 1h | 87,118.7 | +0.029% | $7.0M | $142.0M | 40x | as long as short |
| Injective BTC/USDC PERP | +0.0035% | 1h | 87,347 | +0.291% | $312K | $26.9M | 52x | as long as short |
| Aster BTCUSDT | +0.0036% | 8h | 87,271.9 | +0.205% | $510.7M | $1.16B | 200x | as long as short |
| OKX BTC-USDT-SWAP | +0.0038% | 8h | 87,094 | +0.001% | $2.62B | $12.68B | 100x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0041% | 1h | 87,289.4 | +0.225% | $198.4M | $916.7M | 100x | as long as short |
| MEXC BTC_USDT | +0.0045% | 8h | 87,104.1 | +0.013% | $5.22B | $5.53B | 500x | as long as short |
| Binance BTCUSDT | +0.0047% | 8h | 87,091.2 | −0.002% | $9.56B | $24.08B | 150x | as long as short |
| Aevo BTC-PERP | +0.0048% | 1h | 87,100.1 | +0.008% | $2.4M | $1.3M | 20x | as long as short |
| Gate BTC_USDT | +0.0059% | 8h | 87,116.6 | +0.027% | $5.93B | $10.50B | 200x | as long as short |
| SoDEX BTC-USD | +0.0075% | 1h | 87,241 | +0.170% | $61.1M | $336.4M | 40x | as long as short |
| Bybit BTCUSDTshort | +0.0077% | 8h | 87,080 | −0.015% | $5.33B | $9.60B | 150x | |
| Bulk BTC-USD | +0.0090% | 1h | 87,280.5 | +0.215% | $575.7M | $25.9M | 40x | as long as short |
| Variational Omni BTC | +0.0091% | 8h | 87,268.9 | +0.202% | $164.1M | $550.2M | — | as long as short |
| Orderly PERP_BTC_USDC | +0.0093% | 8h | 87,106.4 | +0.015% | $2.5M | $8.2M | 100x | as long as short |
| Lighter BTC | +0.0096% | 1h | 87,244.8 | +0.174% | $174.5M | $1.00B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 87,255.6 | +0.186% | $24.7M | $148.7M | 50x | as long as short |
| GRVT BTC_USDT_Perp | +0.0096% | 8h | 86,876.6 | −0.249% | $218.0M | $185.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 87,194 | +0.116% | $8.6M | $52.1M | 100x | as long as short |
| Paradex BTC-USD-PERP | +0.0099% | 8h | 87,314.8 | +0.254% | $4.6M | $7.8M | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 87,243 | +0.172% | $177K | $6.6M | 50x | as long as short |
| Nado BTC-PERP | +0.0100% | 1h | 87,150.1 | +0.065% | $23.3M | $235.4M | 50x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 87,265 | +0.197% | $37.4M | $470.9M | 50x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 87,278 | +0.212% | $4.0M | $18.8M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 87,329.6 | +0.271% | $7.5M | $94.0M | 40x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 87,226.8 | +0.153% | $38.7M | $143.8M | 75x | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 87,259.3 | +0.191% | $286.7M | $923.9M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 87,334.4 | +0.277% | $31.1M | $206.3M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 87,226.8 | +0.153% | — | $11.6M | 50x | as long as short |
| Polymarket Perps BTC-USD | +0.0100% | 1h | 87,139 | +0.053% | $11.1M | $13.7M | 50x | as long as short |
| Bullet BTC-USD | +0.0100% | 1h | 87,214 | +0.139% | $229K | $3.4M | 20x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 87,057.9 | −0.041% | $160K | $573K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 87,105 | +0.013% | $30.2M | $60.6M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 87,244.4 | +0.174% | $3.5M | $5.7M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 87,238.3 | +0.167% | $2.32B | $935.0M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 87,078.9 | −0.016% | $46.7M | $228.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERP | L +0.0104% / S +0.0048% | 1h | 87,268.1 | +0.201% | — | $95.1M | 500x | as long as short |
| Hibachi BTC/USDT-P | +0.0120% | 1h | 87,261.3 | +0.193% | $630K | $6.9M | 30x | as long as short |
| Kalshi KXBTCPERP | +0.0125% | 8h | 87,341 | +0.285% | $9.2M | $715.6M | 6.4x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0136% | 1h | 87,288 | +0.224% | $132.8M | $5.99B | 50x | as long as short |
| BloFin BTC-USDT | +0.0164% | 8h | 87,279.7 | +0.214% | $423.5M | $638.8M | 150x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0179% / S −0.0206% | 1h | 87,111.4 | +0.021% | $14.5M | — | 200x | as long as short |
| Hyperliquid BTC | +0.0261% | 1h | 87,196 | +0.118% | $3.95B | $5.00B | 40x | as long as short |
gTrade (Gains Network) BTC/USD
BingX BTC-USDC
RISEx BTC/USDC
Reya BTCRUSDPERP
Injective BTC/USDC PERP
Aster BTCUSDT
OKX BTC-USDT-SWAP
Kraken Futures PF_XBTUSD
MEXC BTC_USDT
Binance BTCUSDT
Aevo BTC-PERP
Gate BTC_USDT
SoDEX BTC-USD
Bulk BTC-USD
Variational Omni BTC
Orderly PERP_BTC_USDC
Lighter BTC
Lighter RH BTC
GRVT BTC_USDT_Perp
Popdex BTCUSDT
Paradex BTC-USD-PERP
Katana Perps BTC-USD
Nado BTC-PERP
Pacifica BTC
Ondo Perps BTC-USD.P
Arcus BTC-USD
Backpack BTC_USDC_PERP
edgeX BTCUSDC
StandX BTC-USD
Vest BTC-PERP
Polymarket Perps BTC-USD
Bullet BTC-USD
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Jupiter Perps WBTC-PERP
Hibachi BTC/USDT-P
Kalshi KXBTCPERP
Coinbase International BTC-PERP-INTX
BloFin BTC-USDT
GMX BTC/USD [WBTC.b-USDC]
Hyperliquid BTC