Funding you earn now, next payment 08:00 UTC−0.5352%/8h= −586.1% APRnext payment −$26.76 per $10,000 · paid last 24h −0.023%
Price spread now: Bybit against Bitget−0.152%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$226as in the Funding arb table
Net, price: spread back to 7d avg − costs−$236as in the Price arb table
costs, in and out, $10k−$2242.236% of the position
Funding, last 7 days−0.025%−$2 on $10k
+Price spread, last 4 days (all we have)+0.303%+$30 · spread now −0.152%, 7d avg −0.024%
=Both sides work against this trade now: funding costs −$161 a day on $10k at the current rate, and Bybit is 0.128% cheaper against Bitget than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.024%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.025% in total (about -1.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$26.76 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 DATAUSDT | 0.2230 | −0.0152 | get 0.0076% / 4h | 2h 32m | $676K | $660K | 50x |
| Short | Bybit DATAUSDT | 0.2227 | −0.5504 | pay 0.2752% / 4h | 2h 32m | $1.2M | $2.5M | 20x |
Bitget DATAUSDT
Bybit DATAUSDTFunding 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
- −$1,123.93
- Price spread: −0.152% → −0.024%
- −$12.82
- Slippage, 4 orders
- −$200.65
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$1,360.4
- Costs to cover
- 2.236%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 12 min ago; Bybit: live order book, 9 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, 12 min ago | 11.21 bp | 63.3 bp −$63 | 286.6 bp −$2,866 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 9 min ago | 8.97 bp | 48.2 bp −$48 | 448.5 bp −$4,485 | doesn't fit | doesn't fit |
DATA 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit DATAUSDTshort | −0.5504% | 4h | 0.2227 | −0.152% | $1.2M | $2.5M | 20x | |
| MEXC DATA_USDT | −0.3062% | 4h | 0.2221 | −0.404% | $124K | $276K | 20x | as long as short |
| OKX DATA-USDT-SWAP | −0.3059% | 4h | 0.2219 | −0.493% | $1.2M | $9.6M | 20x | as long as short |
| BloFin DATA-USDT | −0.3031% | 4h | 0.2223 | −0.314% | $116K | $7K | 20x | as long as short |
| Gate DATA_USDT | −0.3012% | 4h | 0.2227 | −0.135% | $114K | $124K | 20x | as long as short |
| Extended DATA-USD | −0.2136% | 1h | 0.2220 | −0.460% | $927 | $60 | 5x | as long as short |
| KuCoin DATAUSDTM | −0.1342% | 4h | 0.2227 | −0.143% | $259K | $978K | 30x | as long as short |
| Lighter DATA | −0.0256% | 1h | 0.2227 | −0.135% | $69K | $276K | 10x | as long as short |
| Bitget DATAUSDTlong | −0.0152% | 4h | 0.2230 | long leg | $676K | $660K | 50x |
MEXC DATA_USDT
OKX DATA-USDT-SWAP
BloFin DATA-USDT
Gate DATA_USDT
Extended DATA-USD
KuCoin DATAUSDTM
Lighter DATA