Funding you earn now, next payment 04:00 UTC−0.0208%/8h= −22.8% APRnext payment −$1.04 per $10,000 · paid last 24h −0.035%
Price spread now: Bitget against Bybit+0.143%7-day average −0.135% · you sell dearer than you buy
Net, funding: paid 7d − costs−$292as in the Funding arb table
Net, price: spread back to 7d avg − costs−$262as in the Price arb table
costs, in and out, $10k−$2902.899% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.143%, 7d avg −0.135%
=The price spread pays, funding is against you. Bitget is 0.278% dearer against Bybit than usual: you sell high and buy low (spread +0.143% now, against its 7-day average of −0.135%): +$28 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 4.5 days. At the pace of the last 7 days (−0.021% in total) that is about 3 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.021% in total (about -1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.04 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 INXUSDT | 0.006303 | 0.0308 | pay 0.0154% / 4h | 5m 28s | $806K | $395K | 13x |
| Short | Bitget INXUSDT | 0.006312 | 0.0100 | get 0.0050% / 4h | 5m 28s | $396K | $112K | 25x |
Bybit INXUSDT
Bitget INXUSDTFunding 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
- −$43.69
- Price spread: +0.143% → −0.135%
- $27.81
- Slippage, 4 orders
- −$266.92
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$305.8
- Costs to cover
- 2.899%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 49 min ago; Bitget: live order book, 45 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, 49 min ago | 5.51 bp | 73.7 bp −$74 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 45 min ago | 10.26 bp | 52.5 bp −$53 | 403.0 bp −$4,030 | doesn't fit | doesn't fit |
INX on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International INX-PERP-INTX | −0.1576% | 1h | 0.006083 | −3.490% | $5K | $5K | 50x | as long as short |
| Bitget INXUSDTshort | +0.0100% | 4h | 0.006312 | +0.143% | $396K | $112K | 25x | |
| KuCoin INXUSDTM | +0.0124% | 4h | 0.006303 | 0.000% | $280K | $55K | 20x | as long as short |
| Deribit INX_USDC-PERPETUAL | +0.0227% | 1h | 0.006292 | −0.175% | $57K | $20K | 10x | as long as short |
| Bybit INXUSDTlong | +0.0308% | 4h | 0.006303 | long leg | $806K | $395K | 13x | |
| Extended INX-USD | +0.0312% | 1h | 0.006301 | −0.029% | $1K | $102K | 5x | as long as short |
| MEXC INX_USDT | +0.0314% | 4h | 0.006301 | −0.032% | $903K | $216K | 50x | as long as short |
| Binance INXUSDT | +0.0316% | 4h | 0.006300 | −0.049% | $2.1M | $1.6M | 25x | as long as short |
| BingX INX-USDT | +0.0380% | 4h | 0.006306 | +0.048% | — | $6.5M | — | as long as short |
| Gate INX_USDT | +0.0458% | 4h | 0.006290 | −0.206% | $1.6M | $72K | 25x | as long as short |
Coinbase International INX-PERP-INTX
KuCoin INXUSDTM
Deribit INX_USDC-PERPETUAL
Extended INX-USD
MEXC INX_USDT
Binance INXUSDT
BingX INX-USDT
Gate INX_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster INXUSDT | +0.0712% | 4h | 0.006301 | −0.033% | $19K | $10K | 5x | as long as short |
Aster INXUSDT