Funding you earn now, next payment 00:00 UTC−0.0251%/8h= −27.4% APRnext payment −$1.25 per $10,000 · paid last 24h −0.297%
Price spread now: Bitget against Binance+0.365%7-day average +0.005% · you sell dearer than you buy
Net, funding: paid 7d − costs−$224as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$980.979% of the position
Funding, last 7 days−1.263%−$126 on $10k
+Price spread, last 7 days−0.423%−$42 · spread now +0.365%, 7d avg +0.005%
=The price spread pays, funding is against you. Bitget is 0.360% dearer against Binance than usual: you sell high and buy low (spread +0.365% now, against its 7-day average of +0.005%): +$36 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 4.8 days. At the pace of the last 7 days (−1.263% in total) that is about 48 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance BTWUSDT | 0.8989 | 0.1873 | pay 0.0936% / 4h | 2h 41m | $125.9M | $155.8M | 10x |
| Short | Bitget BTWUSDT | 0.9022 | 0.1622 | get 0.0811% / 4h | 2h 41m | $28.5M | $12.6M | 5x |
Binance BTWUSDT
Bitget BTWUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$52.63
- Price spread: +0.365% → +0.005%
- $36.04
- Slippage, 4 orders
- −$75.86
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$114.44
- Costs to cover
- 0.979%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; Bitget: live order book, 3 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 Binance live order book, 2 min ago | 1.28 bp | 17.4 bp −$17 | 137.7 bp −$1,377 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 8.87 bp | 23.4 bp −$23 | doesn't fit | doesn't fit | doesn't fit |
BTW 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 | |
|---|---|---|---|---|---|---|---|---|
| HTX BTW-USDT | +0.0100% | 4h | 0.8951 | −0.419% | $219K | $763K | 10x | as long as short |
| Gate BTW_USDT | +0.0188% | 4h | 0.8943 | −0.513% | $3.9M | $14.9M | 10x | as long as short |
| KuCoin BTWUSDTM | +0.1394% | 4h | 0.8974 | −0.166% | $8.3M | $4.6M | 10x | as long as short |
| Aster BTWUSDT | +0.1454% | 4h | 0.8965 | −0.272% | $2.5M | $2.6M | 5x | as long as short |
| Bitget BTWUSDTshort | +0.1622% | 4h | 0.9022 | +0.365% | $28.5M | $12.6M | 5x | |
| BingX BTW-USDT | +0.1780% | 4h | 0.8996 | +0.078% | — | $4.4M | — | as long as short |
| Bybit BTWUSDT | +0.1828% | 4h | 0.8981 | −0.086% | $17.4M | $34.8M | 10x | as long as short |
| MEXC BTW_USDT | +0.1870% | 4h | 0.8997 | +0.089% | $12.0M | $5.9M | 20x | as long as short |
| Extended BTW-USD | +0.1872% | 1h | 0.9010 | +0.229% | $43K | $13K | 5x | as long as short |
| Binance BTWUSDTlong | +0.1873% | 4h | 0.8989 | long leg | $125.9M | $155.8M | 10x |
HTX BTW-USDT
Gate BTW_USDT
KuCoin BTWUSDTM
Aster BTWUSDT
BingX BTW-USDT
Bybit BTWUSDT
MEXC BTW_USDT
Extended BTW-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX BTWUSDC | +0.1888% | 4h | 0.9010 | +0.237% | $371K | $488K | 10x | as long as short |
edgeX BTWUSDC