Funding you earn now, next payment 04:00 UTC−0.0227%/8h= −24.8% APRnext payment −$1.13 per $10,000 · paid last 24h +0.034%
Price spread now: Bybit against Bitget−0.024%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$562as in the Funding arb table
Net, price: spread back to 7d avg − costs−$538as in the Price arb table
costs, in and out, $10k−$5405.402% of the position
Funding, last 7 days−0.215%−$22 on $10k
+Price spread, last 4 days (all we have)−0.058%−$6 · spread now −0.024%, 7d avg −0.045%
=The price spread pays, funding is against you. Bybit is 0.021% dearer against Bitget than usual: you sell high and buy low (spread −0.024% now, against its 7-day average of −0.045%): +$2 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.215% in total) that is about 16 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget COOKIEUSDT | 0.01270 | 0.0100 | pay 0.0050% / 4h | 5m 31s | $367K | $299K | 5x |
| Short | Bybit COOKIEUSDT | 0.01270 | −0.0127 | pay 0.0063% / 4h | 5m 31s | $876K | $1.4M | 25x |
Bitget COOKIEUSDT
Bybit COOKIEUSDTFunding 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
- −$47.64
- Price spread: −0.024% → −0.045%
- $2.09
- Slippage, 4 orders
- −$517.17
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$585.72
- Costs to cover
- 5.402%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 45 min ago; Bybit: live order book, just now.
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, 45 min ago | 7.99 bp | 60.1 bp −$60 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, just now | 8.65 bp | 164.7 bp −$165 | 434.0 bp −$4,340 | doesn't fit | doesn't fit |
COOKIE on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_COOKIEUSD | −0.0478% | 1h | 0.01267 | −0.204% | $10K | $37K | 10x | as long as short |
| Bybit COOKIEUSDTshort | −0.0127% | 4h | 0.01270 | −0.024% | $876K | $1.4M | 25x | |
| Binance COOKIEUSDT | +0.0100% | 4h | 0.01271 | +0.047% | $2.1M | $8.6M | 20x | as long as short |
| Gate COOKIE_USDT | +0.0100% | 4h | 0.01271 | +0.079% | $129K | $210K | 25x | as long as short |
| MEXC COOKIE_USDT | +0.0100% | 4h | 0.01269 | −0.079% | $606K | $340K | 100x | as long as short |
| KuCoin COOKIEUSDTM | +0.0100% | 4h | 0.01270 | 0.000% | $230K | $141K | 20x | as long as short |
| Bitget COOKIEUSDTlong | +0.0100% | 4h | 0.01270 | long leg | $367K | $299K | 5x | |
| BingX COOKIE-USDT | +0.0100% | 4h | 0.01270 | −0.024% | — | $6.5M | — | as long as short |
| Variational Omni COOKIE | +0.0100% | 4h | 0.01267 | −0.273% | $11K | $19K | — | as long as short |
Kraken Futures PF_COOKIEUSD
Binance COOKIEUSDT
Gate COOKIE_USDT
MEXC COOKIE_USDT
KuCoin COOKIEUSDTM
BingX COOKIE-USDT
Variational Omni COOKIE