Funding you earn now, next payment 04:00 UTC+1.3038%/8h= +1427.7% APRnext payment +$65.19 per $10,000 · paid last 24h +0.873%
Price spread now: Bitget against Bybit−0.228%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1391.392% of the position
Funding, last 7 days+0.873%+$87 on $10k
+Price spread, last 4 days (all we have)+0.179%+$18 · spread now −0.228%, 7d avg −0.070%
=Funding pays, the price is against you. Bitget is 0.158% cheaper against Bybit than usual: you would sell low and buy high (spread −0.228% now, against its 7-day average of −0.070%). If the spread goes back, that is −$16 on $10k: about under an hour of funding at the current rate (+$391 a day). At the pace of the last 7 days (+0.873% in total) that is about 30 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.873% in total (about 45.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$65.19 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 KERNELUSDT | 0.06591 | −2.0624 | get 1.0312% / 4h | 2h 12m | $1.9M | $9.8M | 20x |
| Short | Bitget KERNELUSDT | 0.06576 | −0.7586 | pay 0.3793% / 4h | 2h 12m | $768K | $4.8M | 25x |
Bybit KERNELUSDT
Bitget KERNELUSDTFunding 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
- $2,738.07
- Price spread: −0.228% → −0.070%
- −$15.8
- Slippage, 4 orders
- −$116.24
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $2,583.03
- Costs to cover
- 1.392%
- Break-even
- 0.4 days
Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 5 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, 5 min ago | 4.52 bp | 32.9 bp −$33 | 225.8 bp −$2,258 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 9.87 bp | 26.7 bp −$27 | doesn't fit | doesn't fit | doesn't fit |
KERNEL on 8 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 KERNELUSDTlong | −2.0624% | 4h | 0.06591 | long leg | $1.9M | $9.8M | 20x | |
| BingX KERNEL-USDT | −1.8669% | 4h | 0.06579 | −0.182% | — | $7.0M | — | as long as short |
| Variational Omni KERNEL | −1.2327% | 4h | 0.06680 | +1.347% | $11K | $24K | — | as long as short |
| Gate KERNEL_USDT | −1.1118% | 4h | 0.06557 | −0.516% | $257K | $1.0M | 50x | as long as short |
| KuCoin KERNELUSDTM | −1.0528% | 4h | 0.06559 | −0.486% | $264K | $422K | 30x | as long as short |
| Binance KERNELUSDT | −0.9604% | 4h | 0.06561 | −0.459% | $3.8M | $43.0M | 25x | as long as short |
| MEXC KERNEL_USDT | −0.9486% | 4h | 0.06561 | −0.455% | $1.4M | $1.6M | 20x | as long as short |
| Bitget KERNELUSDTshort | −0.7586% | 4h | 0.06576 | −0.228% | $768K | $4.8M | 25x |
BingX KERNEL-USDT
Variational Omni KERNEL
Gate KERNEL_USDT
KuCoin KERNELUSDTM
Binance KERNELUSDT
MEXC KERNEL_USDT