Funding you earn now, next payment 04:00 UTC+0.0300%/8h= +32.8% APRnext payment +$1.50 per $10,000 · paid last 24h −0.017%
Price spread now: Bitget against Bybit−0.089%7-day average +0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$240as in the Funding arb table
Net, price: spread back to 7d avg − costs−$205as in the Price arb table
costs, in and out, $10k−$1861.861% of the position
Funding, last 7 days−0.538%−$54 on $10k
+Price spread, last 7 days−0.016%−$2 · spread now −0.089%, 7d avg +0.096%
=Funding pays, the price is against you. Bitget is 0.185% cheaper against Bybit than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of +0.096%). If the spread goes back, that is −$18 on $10k: about 2.1 days of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.538%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit BTWUSDT | 0.7858 | 0.0292 | pay 0.0146% / 4h | 1h 19m | $15.3M | $40.7M | 10x |
| Short | Bitget BTWUSDT | 0.7851 | 0.0592 | get 0.0296% / 4h | 1h 19m | $24.7M | $14.4M | 5x |
Bybit BTWUSDT
Bitget BTWUSDTFunding 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
- $62.97
- Price spread: −0.089% → +0.096%
- −$18.48
- Slippage, 4 orders
- −$163.09
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$141.6
- Costs to cover
- 1.861%
- Break-even
- 22.7 days
Slippage from Bybit: live order book, 5 min ago; Bitget: 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 Bybit live order book, 5 min ago | 7.62 bp | 72.0 bp −$72 | 325.3 bp −$3,253 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 8.02 bp | 30.2 bp −$30 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin BTWUSDTM | +0.0100% | 4h | 0.7587 | −3.454% | $6.8M | $4.8M | 10x | as long as short |
| HTX BTW-USDT | +0.0100% | 4h | 0.7648 | −2.671% | $196K | $794K | 10x | as long as short |
| Bybit BTWUSDTlong | +0.0292% | 4h | 0.7858 | long leg | $15.3M | $40.7M | 10x | |
| Gate BTW_USDT | +0.0388% | 4h | 0.7808 | −0.640% | $3.2M | $17.0M | 10x | as long as short |
| Bitget BTWUSDTshort | +0.0592% | 4h | 0.7851 | −0.089% | $24.7M | $14.4M | 5x | |
| BingX BTW-USDT | +0.0758% | 4h | 0.7828 | −0.383% | — | $4.4M | — | as long as short |
| edgeX BTWUSDC | +0.0820% | 4h | 0.8123 | +3.374% | $335K | $501K | 10x | as long as short |
| MEXC BTW_USDT | +0.0854% | 4h | 0.7723 | −1.719% | $8.9M | $6.3M | 20x | as long as short |
| Extended BTW-USD | +0.0880% | 1h | 0.7721 | −1.741% | $33K | $15K | 5x | as long as short |
| Binance BTWUSDT | +0.0883% | 4h | 0.7780 | −0.999% | $108.3M | $175.5M | 10x | as long as short |
KuCoin BTWUSDTM
HTX BTW-USDT
Gate BTW_USDT
BingX BTW-USDT
edgeX BTWUSDC
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster BTWUSDT | +0.1028% | 4h | 0.7616 | −3.084% | $2.1M | $3.1M | 5x | as long as short |
Aster BTWUSDT