Funding you earn now, next payment 04:00 UTC−0.0317%/8h= −34.7% APRnext payment −$1.58 per $10,000 · paid last 24h +0.033%
Price spread now: Binance against Bitget+0.034%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$174as in the Funding arb table
Net, price: spread back to 7d avg − costs−$166as in the Price arb table
costs, in and out, $10k−$1681.685% of the position
Funding, last 7 days−0.056%−$6 on $10k
+Price spread, last 4 days (all we have)−0.157%−$16 · spread now +0.034%, 7d avg +0.006%
=The price spread pays, funding is against you. Binance is 0.028% dearer against Bitget than usual: you sell high and buy low (spread +0.034% now, against its 7-day average of +0.006%): +$3 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 7 days (−0.056% in total) that is about 3.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.056% in total (about -2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.58 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 CTRUSDT | 0.01189 | 0.0624 | pay 0.0312% / 4h | 58m 49s | $543K | $58K | 20x |
| Short | Binance CTRUSDT | 0.01189 | 0.0307 | get 0.0154% / 4h | 58m 49s | $2.2M | $818K | 20x |
Bitget CTRUSDT
Binance CTRUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$66.57
- Price spread: +0.034% → +0.006%
- $2.78
- Slippage, 4 orders
- −$146.49
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$232.28
- Costs to cover
- 1.685%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 61 min ago; Binance: live order book, 6 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, 61 min ago | 12.64 bp | 49.9 bp −$50 | 707.1 bp −$7,071 | doesn't fit | doesn't fit |
| Sell Binance live order book, 6 min ago | 1.68 bp | 43.8 bp −$44 | 365.4 bp −$3,654 | doesn't fit | doesn't fit |
CTR 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter CTR | +0.0096% | 1h | 0.01188 | −0.084% | $10K | $329 | 3x | as long as short |
| Bybit CTRUSDT | +0.0100% | 4h | 0.01190 | +0.050% | $249K | $129K | 20x | as long as short |
| Gate CTR_USDT | +0.0100% | 4h | 0.01190 | +0.084% | $114K | $14K | 20x | as long as short |
| KuCoin CTRUSDTM | +0.0100% | 4h | 0.01188 | −0.084% | $279K | $353K | 20x | as long as short |
| MEXC CTR_USDT | +0.0304% | 4h | 0.01190 | +0.050% | $610K | $142K | 20x | as long as short |
| Binance CTRUSDTshort | +0.0307% | 4h | 0.01189 | +0.034% | $2.2M | $818K | 20x | |
| Aster CTRUSDT | +0.0456% | 4h | 0.01189 | −0.017% | $9K | $8K | 5x | as long as short |
| Bitget CTRUSDTlong | +0.0624% | 4h | 0.01189 | long leg | $543K | $58K | 20x |
Lighter CTR
Bybit CTRUSDT
Gate CTR_USDT
KuCoin CTRUSDTM
MEXC CTR_USDT
Aster CTRUSDT