Funding you earn now, next payment 12:00 UTC−0.0687%/8h= −75.3% APRnext payment −$3.44 per $10,000 · paid last 24h +0.122%
Price spread now: Binance against Bitget+0.030%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$161as in the Funding arb table
Net, price: spread back to 7d avg − costs−$196as in the Price arb table
costs, in and out, $10k−$2001.998% of the position
Funding, last 7 days+0.383%+$38 on $10k
+Price spread, last 7 days−0.108%−$11 · spread now +0.030%, 7d avg −0.008%
=The price spread pays, funding is against you. Binance is 0.038% dearer against Bitget than usual: you sell high and buy low (spread +0.030% now, against its 7-day average of −0.008%): +$4 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 4 hours. Mind the row above: over the last 7 days funding on this pair paid +0.383%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.383% in total (about 20.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.44 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 | Bitget MUSDT | 1.3449 | 0.1186 | pay 0.0593% / 4h | 3h 23m | $1.7M | $256K | 10x |
| Short | Binance MUSDT | 1.3453 | 0.0499 | get 0.0249% / 4h | 3h 23m | $5.4M | $3.9M | 10x |
Bitget MUSDT
Binance MUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- −$144.34
- Price spread: +0.030% → −0.008%
- $3.77
- Slippage, 4 orders
- −$177.78
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$340.36
- Costs to cover
- 1.998%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 min ago; Binance: live order book, 14 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, 4 min ago | 14.94 bp | 66.6 bp −$67 | 650.7 bp −$6,507 | doesn't fit | doesn't fit |
| Sell Binance live order book, 14 min ago | 1.87 bp | 41.7 bp −$42 | 275.1 bp −$2,751 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate M_USDT | +0.0100% | 8h | 1.3448 | −0.007% | $1.8M | $906K | 10x | as long as short |
| Orderly PERP_M_USDC | +0.0100% | 4h | 1.3468 | +0.141% | $2K | $510 | 10x | as long as short |
| SunX M-USDT | +0.0100% | 4h | 1.3433 | −0.119% | $2K | $901K | 20x | as long as short |
| Aster MUSDT | +0.0223% | 4h | 1.3441 | −0.057% | $12K | $83K | 5x | as long as short |
| Bybit MUSDT | +0.0395% | 4h | 1.3454 | +0.037% | $4.2M | $1.7M | 20x | as long as short |
| MEXC M_USDT | +0.0498% | 4h | 1.3461 | +0.089% | $248K | $112K | 50x | as long as short |
| Binance MUSDTshort | +0.0499% | 4h | 1.3453 | +0.030% | $5.4M | $3.9M | 10x | |
| BloFin M-USDT | +0.0522% | 4h | 1.3475 | +0.193% | $346K | $454K | 10x | as long as short |
| Variational Omni M | +0.0871% | 4h | 1.3394 | −0.410% | $89K | $42K | — | as long as short |
| BingX M-USDT | +0.1130% | 4h | 1.3447 | −0.015% | — | $2.4M | — | as long as short |
Gate M_USDT
Orderly PERP_M_USDC
SunX M-USDT
Aster MUSDT
Bybit MUSDT
MEXC M_USDT
BloFin M-USDT
Variational Omni M
BingX M-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget MUSDTlong | +0.1186% | 4h | 1.3449 | long leg | $1.7M | $256K | 10x | |
| KuCoin MUSDTM | +0.2014% | 4h | 1.3321 | −0.950% | $1.3M | $3.6M | 10x | as long as short |
KuCoin MUSDTM