Funding you earn now, next payment 04:00 UTC+0.0305%/8h= +33.4% APRnext payment +$1.52 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bitget−0.280%7-day average −0.095% · you buy dearer than you sell
Net, funding: paid 7d − costs−$179as in the Funding arb table
Net, price: spread back to 7d avg − costs−$202as in the Price arb table
costs, in and out, $10k−$1831.831% of the position
Funding, last 7 days+0.040%+$4 on $10k
+Price spread, last 4 days (all we have)+0.160%+$16 · spread now −0.280%, 7d avg −0.095%
=Funding pays, the price is against you. Binance is 0.185% cheaper against Bitget than usual: you would sell low and buy high (spread −0.280% now, against its 7-day average of −0.095%). If the spread goes back, that is −$18 on $10k: about 2.0 days of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.040% in total) that is about 32 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.040% in total (about 2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.52 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 INUSDT | 0.03571 | 0.0100 | pay 0.0050% / 4h | 2h 10m | $838K | $168K | 25x |
| Short | Binance INUSDT | 0.03561 | 0.0405 | get 0.0202% / 4h | 2h 10m | $2.0M | $1.3M | 25x |
Bitget INUSDT
Binance INUSDTFunding 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
- $64.02
- Price spread: −0.280% → −0.095%
- −$18.49
- Slippage, 4 orders
- −$161.06
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$137.52
- Costs to cover
- 1.831%
- Break-even
- 22.0 days
Slippage from Bitget: live order book, 55 min ago; Binance: 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, 55 min ago | 5.67 bp | 54.2 bp −$54 | 603.2 bp −$6,032 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 4.22 bp | 36.0 bp −$36 | 214.1 bp −$2,141 | doesn't fit | doesn't fit |
IN 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 INUSDT | +0.0100% | 4h | 0.03567 | −0.112% | $760K | $167K | 20x | as long as short |
| KuCoin INUSDTM | +0.0100% | 4h | 0.03570 | −0.028% | $297K | $67K | 30x | as long as short |
| Bitget INUSDTlong | +0.0100% | 4h | 0.03571 | long leg | $838K | $168K | 25x | |
| Variational Omni IN | +0.0100% | 4h | 0.03561 | −0.283% | $1K | $6 | — | as long as short |
| Aster INUSDT | +0.0362% | 4h | 0.03554 | −0.484% | $128K | $21K | 5x | as long as short |
| BingX IN-USDT | +0.0384% | 4h | 0.03561 | −0.280% | — | $2.3M | — | as long as short |
| MEXC IN_USDT | +0.0398% | 4h | 0.03561 | −0.280% | $275K | $93K | 20x | as long as short |
| Binance INUSDTshort | +0.0405% | 4h | 0.03561 | −0.280% | $2.0M | $1.3M | 25x | |
| Gate IN_USDT | +0.0662% | 4h | 0.03559 | −0.336% | $234K | $138K | 50x | as long as short |
Bybit INUSDT
KuCoin INUSDTM
Variational Omni IN
Aster INUSDT
BingX IN-USDT
MEXC IN_USDT
Gate IN_USDT