Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Bitget−0.399%7-day average −0.096% · you buy dearer than you sell
Net, funding: paid 7d − costs−$202as in the Funding arb table
Net, price: spread back to 7d avg − costs−$228as in the Price arb table
costs, in and out, $10k−$1981.978% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)+0.373%+$37 · spread now −0.399%, 7d avg −0.096%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.303% cheaper against Bitget than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of −0.096%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget INITUSDT | 0.08271 | 0.0100 | pay 0.0050% / 4h | 58m 02s | $429K | $308K | 25x |
| Short | Bybit INITUSDT | 0.08238 | 0.0100 | get 0.0050% / 4h | 58m 02s | $1.4M | $1.5M | 25x |
Bitget INITUSDT
Bybit INITUSDTFunding 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
- $0
- Price spread: −0.399% → −0.096%
- −$30.33
- Slippage, 4 orders
- −$174.82
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$228.15
- Costs to cover
- 1.978%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 58 min ago; Bybit: live order book, 3 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, 58 min ago | 13.90 bp | 57.1 bp −$57 | 266.0 bp −$2,660 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 5.46 bp | 47.7 bp −$48 | 143.6 bp −$1,436 | doesn't fit | doesn't fit |
INIT on 13 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_INITUSD | −0.5674% | 1h | 0.08223 | −0.575% | $3K | $19K | 10x | as long as short |
| BloFin INIT-USDT | +0.0063% | 4h | 0.08257 | −0.169% | $153K | $112K | 25x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | 0.08259 | −0.145% | $305K | $230K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08271 | +0.003% | $27K | $39K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08258 | −0.157% | $3.4M | $3.7M | 25x | as long as short |
| Bybit INITUSDTshort | +0.0100% | 4h | 0.08238 | −0.399% | $1.4M | $1.5M | 25x | |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08253 | −0.218% | $137K | $660K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08262 | −0.109% | $83K | $56K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08268 | −0.036% | $448K | $209K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08268 | −0.036% | $326K | $56K | 25x | as long as short |
Kraken Futures PF_INITUSD
BloFin INIT-USDT
Hyperliquid INIT
Aster INITUSDT
Binance INITUSDT
OKX INIT-USDT-SWAP
Gate INIT_USDT
MEXC INIT_USDT
KuCoin INITUSDTMShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget INITUSDTlong | +0.0100% | 4h | 0.08271 | long leg | $429K | $308K | 25x | |
| BingX INIT-USDT | +0.0100% | 4h | 0.08271 | 0.000% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08219 | −0.625% | $26K | $23K | — | as long as short |
BingX INIT-USDT
Variational Omni INIT