Funding you earn now, next payment 08:00 UTC+0.0898%/8h= +98.3% APRnext payment +$4.49 per $10,000 · paid last 24h −0.069%
Price spread now: Bybit against Bitget+0.021%7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$182as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$1541.544% of the position
Funding, last 7 days−0.271%−$27 on $10k
+Price spread, last 7 days−0.042%−$4 · spread now +0.021%, 7d avg −0.043%
=Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Bybit is 0.064% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.043%. Mind the row above: over the last 7 days funding on this pair cost −0.271%, 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 -0.271% in total (about -14.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.49 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 CPUSDT | 0.01437 | 0.0100 | pay 0.0050% / 4h | 3h 08m | $827K | $1.8M | 20x |
| Short | Bybit CPUSDT | 0.01437 | 0.0998 | get 0.0499% / 4h | 3h 08m | $1.5M | $3.0M | 20x |
Bitget CPUSDT
Bybit CPUSDTFunding 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
- $188.53
- Price spread: +0.021% → −0.043%
- $6.42
- Slippage, 4 orders
- −$131.43
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $40.51
- Costs to cover
- 1.544%
- Break-even
- 5.5 days
Slippage from Bitget: live order book, 3 min ago; Bybit: live order book, 4 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 | 6.96 bp | 26.8 bp −$27 | 186.1 bp −$1,861 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 10.44 bp | 51.3 bp −$51 | 298.1 bp −$2,981 | doesn't fit | doesn't fit |
CP 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 | |
|---|---|---|---|---|---|---|---|---|
| BingX CP-USDT | +0.0070% | 4h | 0.01436 | −0.049% | — | $1.1M | — | as long as short |
| OKX CP-USDT-SWAP | +0.0100% | 4h | 0.01437 | +0.021% | $4.0M | $12.4M | 20x | as long as short |
| Gate CP_USDT | +0.0100% | 4h | 0.01437 | +0.021% | $621K | $585K | 20x | as long as short |
| MEXC CP_USDT | +0.0100% | 4h | 0.01436 | −0.049% | $1.6M | $393K | 20x | as long as short |
| KuCoin CPUSDTM | +0.0100% | 4h | 0.01437 | +0.021% | $204K | $897K | 20x | as long as short |
| Bitget CPUSDTlong | +0.0100% | 4h | 0.01437 | long leg | $827K | $1.8M | 20x | |
| BloFin CP-USDT | +0.0118% | 4h | 0.01441 | +0.299% | $429 | $45K | 20x | as long as short |
| Bybit CPUSDTshort | +0.0998% | 4h | 0.01437 | +0.021% | $1.5M | $3.0M | 20x |
BingX CP-USDT
OKX CP-USDT-SWAP
Gate CP_USDT
MEXC CP_USDT
KuCoin CPUSDTM
BloFin CP-USDT