Funding you earn now, next payment 04:00 UTC+0.0203%/8h= +22.2% APRnext payment +$1.02 per $10,000 · paid last 24h +0.017%
Price spread now: Bybit against Bitget−0.138%7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$159as in the Funding arb table
Net, price: spread back to 7d avg − costs−$217as in the Price arb table
costs, in and out, $10k−$2132.131% of the position
Funding, last 7 days+0.537%+$54 on $10k
+Price spread, last 7 days+0.242%+$24 · spread now −0.138%, 7d avg −0.100%
=Funding pays, the price is against you. Bybit is 0.038% cheaper against Bitget than usual: you would sell low and buy high (spread −0.138% now, against its 7-day average of −0.100%). If the spread goes back, that is −$4 on $10k: about 15 hours of funding at the current rate (+$6 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BTWUSDT | 0.7635 | 0.0614 | pay 0.0307% / 4h | 2h 11m | $24.0M | $13.7M | 5x |
| Short | Bybit BTWUSDT | 0.7624 | 0.0817 | get 0.0409% / 4h | 2h 11m | $14.4M | $39.4M | 10x |
Bitget BTWUSDT
Bybit BTWUSDTFunding 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
- $42.65
- Price spread: −0.138% → −0.100%
- −$3.77
- Slippage, 4 orders
- −$190.14
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$174.26
- Costs to cover
- 2.131%
- Break-even
- 35.6 days
Slippage from Bitget: live order book, 3 min ago; Bybit: 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 Bitget live order book, 3 min ago | 9.24 bp | 39.2 bp −$39 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 7.50 bp | 75.9 bp −$76 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate BTW_USDT | +0.0100% | 4h | 0.7606 | −0.371% | $3.2M | $16.4M | 10x | as long as short |
| HTX BTW-USDT | +0.0100% | 4h | 0.7635 | +0.011% | $189K | $744K | 10x | as long as short |
| KuCoin BTWUSDTM | +0.0234% | 4h | 0.7622 | −0.167% | $6.9M | $4.8M | 10x | as long as short |
| Bitget BTWUSDTlong | +0.0614% | 4h | 0.7635 | long leg | $24.0M | $13.7M | 5x | |
| Aster BTWUSDT | +0.0706% | 4h | 0.7624 | −0.142% | $2.1M | $3.0M | 5x | as long as short |
| Bybit BTWUSDTshort | +0.0817% | 4h | 0.7624 | −0.138% | $14.4M | $39.4M | 10x | |
| BingX BTW-USDT | +0.0826% | 4h | 0.7635 | +0.005% | — | $4.3M | — | as long as short |
| MEXC BTW_USDT | +0.0862% | 4h | 0.7621 | −0.178% | $9.0M | $6.3M | 20x | as long as short |
| Extended BTW-USD | +0.0864% | 1h | 0.7628 | −0.086% | $33K | $15K | 5x | as long as short |
| Binance BTWUSDT | +0.0867% | 4h | 0.7629 | −0.073% | $106.1M | $170.8M | 10x | as long as short |
Gate BTW_USDT
HTX BTW-USDT
KuCoin BTWUSDTM
Aster BTWUSDT
BingX BTW-USDT
MEXC BTW_USDT
Extended BTW-USD
Binance BTWUSDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX BTWUSDC | +0.0882% | 4h | 0.7603 | −0.411% | $313K | $503K | 10x | as long as short |
edgeX BTWUSDC