Funding you earn now, next payment 04:00 UTC+0.0700%/8h= +76.6% APRnext payment +$3.50 per $10,000 · paid last 24h +0.040%
Price spread now: BingX against Bitget−0.315%7-day average −0.092% · you buy dearer than you sell
Net, funding: paid 7d − costs−$313as in the Funding arb table
Net, price: spread back to 7d avg − costs−$308as in the Price arb table
costs, in and out, $10k−$2862.857% of the position
Funding, last 7 days−0.269%−$27 on $10k
+Price spread, last 4 days (all we have)+0.422%+$42 · spread now −0.315%, 7d avg −0.092%
=Funding pays, the price is against you. BingX is 0.223% cheaper against Bitget than usual: you would sell low and buy high (spread −0.315% now, against its 7-day average of −0.092%). If the spread goes back, that is −$22 on $10k: about 25 hours of funding at the current rate (+$21 a day). Mind the row above: over the last 7 days funding on this pair cost −0.269%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.269% in total (about -14.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.50 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 CARVUSDT | 0.04450 | 0.0100 | pay 0.0050% / 4h | 53m 31s | $785K | $372K | 25x |
| Short | BingX CARV-USDT | 0.04436 | 0.0800 | get 0.0400% / 4h | 53m 31s | — | $1.3M | — |
Bitget CARVUSDT
BingX CARV-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $147
- Price spread: −0.315% → −0.092%
- −$22.31
- Slippage, 4 orders
- −$263.67
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$160.98
- Costs to cover
- 2.857%
- Break-even
- 14.7 days
Slippage from Bitget: live order book, 2 min ago; BingX: 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, 2 min ago | 7.87 bp | 89.4 bp −$89 | 556.9 bp −$5,569 | doesn't fit | doesn't fit |
| Sell BingX live order book, 5 min ago | 11.34 bp | 41.1 bp −$41 | 175.6 bp −$1,756 | 689.6 bp −$69.0K | 1239.2 bp −$619.6K |
CARV on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni CARV | +0.0054% | 4h | 0.04406 | −0.994% | $462 | $1 | — | as long as short |
| Binance CARVUSDT | +0.0100% | 4h | 0.04442 | −0.182% | $1.4M | $2.9M | 50x | as long as short |
| Bybit CARVUSDT | +0.0100% | 4h | 0.04431 | −0.427% | $890K | $1.1M | 20x | as long as short |
| Gate CARV_USDT | +0.0100% | 4h | 0.04431 | −0.427% | $122K | $46K | 20x | as long as short |
| MEXC CARV_USDT | +0.0100% | 4h | 0.04441 | −0.202% | $102K | $109K | 20x | as long as short |
| KuCoin CARVUSDTM | +0.0100% | 4h | 0.04414 | −0.809% | $164K | $37K | 20x | as long as short |
| Bitget CARVUSDTlong | +0.0100% | 4h | 0.04450 | long leg | $785K | $372K | 25x | |
| BingX CARV-USDTshort | +0.0800% | 4h | 0.04436 | −0.315% | — | $1.3M | — |
Variational Omni CARV
Binance CARVUSDT
Bybit CARVUSDT
Gate CARV_USDT
MEXC CARV_USDT
KuCoin CARVUSDTM