Funding you earn now, next payment 04:00 UTC+0.1259%/8h= +137.9% APRnext payment +$6.30 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Bybit+0.132%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$236as in the Funding arb table
Net, price: spread back to 7d avg − costs−$226as in the Price arb table
costs, in and out, $10k−$2372.367% of the position
Funding, last 7 days+0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.185%−$19 · spread now +0.132%, 7d avg +0.021%
=Both sides work for this trade now. Funding pays +$38 a day on $10k at the current rate, and Bitget is 0.111% dearer against Bybit than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.021%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.002% in total (about 0.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.30 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 | Bybit DATAUSDT | 0.2265 | −0.1159 | get 0.0580% / 4h | 2h 12m | $1.3M | $1.6M | 20x |
| Short | Bitget DATAUSDT | 0.2268 | 0.0100 | get 0.0050% / 4h | 2h 12m | $680K | $469K | 50x |
Bybit DATAUSDT
Bitget DATAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- $264.4
- Price spread: +0.132% → +0.021%
- $11.14
- Slippage, 4 orders
- −$213.71
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $38.83
- Costs to cover
- 2.367%
- Break-even
- 6.0 days
Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 53 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 Bybit live order book, 4 min ago | 8.72 bp | 41.6 bp −$42 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 53 min ago | 11.03 bp | 64.5 bp −$65 | 363.8 bp −$3,638 | doesn't fit | doesn't fit |
DATA 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX DATA-USDT-SWAP | −0.3073% | 4h | 0.2254 | −0.486% | $1.3M | $7.0M | 20x | as long as short |
| MEXC DATA_USDT | −0.3072% | 4h | 0.2265 | 0.000% | $103K | $273K | 20x | as long as short |
| Gate DATA_USDT | −0.2394% | 4h | 0.2268 | +0.132% | $117K | $86K | 20x | as long as short |
| Extended DATA-USD | −0.1432% | 1h | 0.2255 | −0.422% | $942 | $60 | 5x | as long as short |
| Bybit DATAUSDTlong | −0.1159% | 4h | 0.2265 | long leg | $1.3M | $1.6M | 20x | |
| KuCoin DATAUSDTM | −0.1050% | 4h | 0.2281 | +0.689% | $207K | $1.0M | 30x | as long as short |
| Lighter DATA | −0.0184% | 1h | 0.2266 | +0.044% | $72K | $225K | 10x | as long as short |
| Bitget DATAUSDTshort | +0.0100% | 4h | 0.2268 | +0.132% | $680K | $469K | 50x |
OKX DATA-USDT-SWAP
MEXC DATA_USDT
Gate DATA_USDT
Extended DATA-USD
KuCoin DATAUSDTM
Lighter DATA