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: Bitget against Bybit+0.012%7-day average +0.098% · you sell dearer than you buy
Net, funding: paid 7d − costs−$198as in the Funding arb table
Net, price: spread back to 7d avg − costs−$212as in the Price arb table
costs, in and out, $10k−$2032.029% of the position
Funding, last 7 days+0.046%+$5 on $10k
+Price spread, last 4 days (all we have)+0.139%+$14 · spread now +0.012%, 7d avg +0.098%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.086% cheaper against Bybit than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.098%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit INITUSDT | 0.08285 | 0.0100 | pay 0.0050% / 4h | 2h 52m | $1.4M | $1.5M | 25x |
| Short | Bitget INITUSDT | 0.08286 | 0.0100 | get 0.0050% / 4h | 2h 52m | $430K | $303K | 25x |
Bybit INITUSDT
Bitget INITUSDTFunding 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
- $0
- Price spread: +0.012% → +0.098%
- −$8.6
- Slippage, 4 orders
- −$179.91
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$211.51
- Costs to cover
- 2.029%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 4 min ago; Bitget: live order book, 8 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 | 5.45 bp | 55.3 bp −$55 | 143.6 bp −$1,436 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 8 min ago | 10.84 bp | 41.2 bp −$41 | 264.0 bp −$2,640 | 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 | +0.0034% | 1h | 0.08284 | −0.007% | $5K | $17K | 10x | as long as short |
| BloFin INIT-USDT | +0.0053% | 4h | 0.08265 | −0.241% | $155K | $112K | 25x | as long as short |
| Hyperliquid INIT | +0.0100% | 1h | 0.08286 | +0.012% | $300K | $232K | 3x | as long as short |
| Aster INITUSDT | +0.0100% | 4h | 0.08291 | +0.067% | $27K | $37K | 5x | as long as short |
| Binance INITUSDT | +0.0100% | 4h | 0.08286 | +0.014% | $3.4M | $3.7M | 25x | as long as short |
| Bybit INITUSDTlong | +0.0100% | 4h | 0.08285 | long leg | $1.4M | $1.5M | 25x | |
| OKX INIT-USDT-SWAP | +0.0100% | 4h | 0.08284 | −0.012% | $136K | $649K | 10x | as long as short |
| Gate INIT_USDT | +0.0100% | 8h | 0.08275 | −0.121% | $84K | $55K | 25x | as long as short |
| MEXC INIT_USDT | +0.0100% | 4h | 0.08287 | +0.024% | $450K | $210K | 20x | as long as short |
| KuCoin INITUSDTM | +0.0100% | 4h | 0.08289 | +0.048% | $330K | $54K | 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 INITUSDTshort | +0.0100% | 4h | 0.08286 | +0.012% | $430K | $303K | 25x | |
| BingX INIT-USDT | +0.0100% | 4h | 0.08284 | −0.012% | — | $6.6M | — | as long as short |
| Variational Omni INIT | +0.0100% | 4h | 0.08251 | −0.408% | $26K | $23K | — | as long as short |
BingX INIT-USDT
Variational Omni INIT