Funding you earn now, next payment 00:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.12 per $10,000 · paid last 24h +0.011%
Price spread now: Bybit against Bitget+0.084%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$59as in the Price arb table
costs, in and out, $10k−$650.646% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 7 days−0.052%−$5 · spread now +0.084%, 7d avg +0.030%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Bybit is 0.054% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.030%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ETHFIUSDT | 0.7158 | 0.0076 | pay 0.0038% / 4h | 1h 40m | $6.1M | $5.7M | 75x |
| Short | Bybit ETHFIUSDT | 0.7164 | 0.0100 | get 0.0050% / 4h | 1h 40m | $18.2M | $12.9M | 25x |
Bitget ETHFIUSDT
Bybit ETHFIUSDTFunding 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
- $5.04
- Price spread: +0.084% → +0.030%
- $5.35
- Slippage, 4 orders
- −$41.6
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$54.21
- Costs to cover
- 0.646%
- Break-even
- 82.3 days
Slippage from Bitget: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago | 2.10 bp | 15.2 bp −$15 | 25.2 bp −$252 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 0.70 bp | 13.9 bp −$14 | 41.0 bp −$410 | doesn't fit | doesn't fit |
ETHFI on 24 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit ETHFI_USDC-PERPETUAL | −0.0448% | 1h | 0.7159 | +0.014% | $42K | $18K | 10x | as long as short |
| HTX ETHFI-USDT | −0.0270% | 4h | 0.7148 | −0.140% | $83K | $165K | 20x | as long as short |
| Kraken Futures PF_ETHFIUSD | −0.0253% | 1h | 0.7169 | +0.150% | $281K | $146K | 20x | as long as short |
| Orderly PERP_ETHFI_USDC | −0.0179% | 4h | 0.7153 | −0.070% | $16K | $1K | 10x | as long as short |
| Injective ETHFI/USDC PERP | +0.0033% | 1h | 0.7240 | +1.146% | $321 | $51K | 5.5x | as long as short |
| Paradex ETHFI-USD-PERP | +0.0043% | 8h | 0.7159 | +0.012% | $6K | — | 5x | as long as short |
| Extended ETHFI-USD | +0.0064% | 1h | 0.7153 | −0.072% | $93K | $493K | 10x | as long as short |
| Binance ETHFIUSDT | +0.0064% | 4h | 0.7159 | +0.014% | $24.9M | $37.0M | 75x | as long as short |
| MEXC ETHFI_USDT | +0.0066% | 4h | 0.7155 | −0.042% | $15.1M | $3.8M | 125x | as long as short |
| Bitget ETHFIUSDTlong | +0.0076% | 4h | 0.7158 | long leg | $6.1M | $5.7M | 75x |
Deribit ETHFI_USDC-PERPETUAL
HTX ETHFI-USDT
Kraken Futures PF_ETHFIUSD
Orderly PERP_ETHFI_USDC
Injective ETHFI/USDC PERP
Paradex ETHFI-USD-PERP
Extended ETHFI-USD
Binance ETHFIUSDT
MEXC ETHFI_USDTShow all 24 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter ETHFI | +0.0096% | 1h | 0.7160 | +0.029% | $1.1M | $898K | 5x | as long as short |
| Aevo ETHFI-PERP | +0.0096% | 1h | 0.7151 | −0.098% | $9K | — | 3x | as long as short |
| Hyperliquid ETHFI | +0.0100% | 1h | 0.7167 | +0.122% | $18.1M | $8.9M | 5x | as long as short |
| Aster ETHFIUSDT | +0.0100% | 4h | 0.7160 | +0.028% | $183K | $259K | 10x | as long as short |
| Bybit ETHFIUSDTshort | +0.0100% | 4h | 0.7164 | +0.084% | $18.2M | $12.9M | 25x | |
| OKX ETHFI-USDT-SWAP | +0.0100% | 4h | 0.7166 | +0.112% | $4.9M | $12.5M | 20x | as long as short |
| Gate ETHFI_USDT | +0.0100% | 4h | 0.7165 | +0.098% | $1.7M | $2.1M | 75x | as long as short |
| KuCoin ETHFIUSDTM | +0.0100% | 4h | 0.7161 | +0.042% | $1.2M | $271K | 50x | as long as short |
| BingX ETHFI-USDT | +0.0100% | 4h | 0.7163 | +0.070% | — | $25.9M | — | as long as short |
| Variational Omni ETHFI | +0.0100% | 4h | 0.7132 | −0.366% | $1.0M | $755K | — | as long as short |
| Polymarket Perps ETHFI-USD | +0.0100% | 1h | 0.7158 | +0.004% | $59K | $86K | 5x | as long as short |
| SunX ETHFI-USDT | +0.0100% | 4h | 0.7163 | +0.070% | $2K | $1.1M | 20x | as long as short |
| BloFin ETHFI-USDT | +0.0258% | 4h | 0.7154 | −0.056% | $1.2M | $292K | 75x | as long as short |
| Coinbase International ETHFI-PERP-INTX | +0.0304% | 1h | 0.7164 | +0.084% | $31K | $7K | 50x | as long as short |
Lighter ETHFI
Aevo ETHFI-PERP
Hyperliquid ETHFI
Aster ETHFIUSDT
OKX ETHFI-USDT-SWAP
Gate ETHFI_USDT
KuCoin ETHFIUSDTM
BingX ETHFI-USDT
Variational Omni ETHFI
Polymarket Perps ETHFI-USD
SunX ETHFI-USDT
BloFin ETHFI-USDT
Coinbase International ETHFI-PERP-INTX