Funding you earn now, next payment 08:00 UTC−0.0410%/8h= −44.9% APRnext payment −$2.05 per $10,000 · paid last 24h −0.178%
Price spread now: Bitget against Binance−0.346%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$231as in the Funding arb table
Net, price: spread back to 7d avg − costs−$224as in the Price arb table
costs, in and out, $10k−$1881.884% of the position
Funding, last 7 days−0.429%−$43 on $10k
+Price spread, last 7 days+0.488%+$49 · spread now −0.346%, 7d avg +0.008%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bitget is 0.354% cheaper against Binance than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.008%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance MUSDT | 1.4165 | 0.0510 | pay 0.0255% / 4h | 3h 33m | $5.5M | $3.8M | 10x |
| Short | Bitget MUSDT | 1.4116 | 0.0100 | get 0.0050% / 4h | 3h 33m | $1.8M | $253K | 10x |
Binance MUSDT
Bitget MUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$86.17
- Price spread: −0.346% → +0.008%
- −$35.44
- Slippage, 4 orders
- −$166.4
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$310.01
- Costs to cover
- 1.884%
- Break-even
- never at this rate
Slippage from Binance: live order book, 4 min ago; Bitget: 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 Binance live order book, 4 min ago | 0.35 bp | 37.2 bp −$37 | 408.5 bp −$4,085 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 11.26 bp | 62.9 bp −$63 | 428.9 bp −$4,289 | doesn't fit | doesn't fit |
M on 12 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 MUSDT | +0.0100% | 4h | 1.4167 | +0.014% | $4.4M | $1.8M | 20x | as long as short |
| Gate M_USDT | +0.0100% | 8h | 1.4168 | +0.021% | $1.9M | $873K | 10x | as long as short |
| Bitget MUSDTshort | +0.0100% | 4h | 1.4116 | −0.346% | $1.8M | $253K | 10x | |
| Variational Omni M | +0.0100% | 4h | 1.4193 | +0.198% | $88K | $43K | — | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.4203 | +0.268% | $2K | $510 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.4196 | +0.219% | $1K | $774K | 20x | as long as short |
| Aster MUSDT | +0.0322% | 4h | 1.4167 | +0.013% | $15K | $87K | 5x | as long as short |
| BloFin M-USDT | +0.0453% | 4h | 1.4209 | +0.311% | $358K | $449K | 10x | as long as short |
| BingX M-USDT | +0.0476% | 4h | 1.4170 | +0.035% | — | $2.4M | — | as long as short |
| MEXC M_USDT | +0.0510% | 4h | 1.4178 | +0.092% | $235K | $106K | 50x | as long as short |
Bybit MUSDT
Gate M_USDT
Variational Omni M
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
BloFin M-USDT
BingX M-USDT
MEXC M_USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance MUSDTlong | +0.0510% | 4h | 1.4165 | long leg | $5.5M | $3.8M | 10x | |
| KuCoin MUSDTM | +0.1308% | 4h | 1.4041 | −0.877% | $1.4M | $3.9M | 10x | as long as short |
KuCoin MUSDTM