Funding you earn now, next payment 04:00 UTC−0.0392%/8h= −42.9% APRnext payment −$1.96 per $10,000 · paid last 24h −0.143%
Price spread now: Bitget against Binance+0.173%7-day average +0.117% · you sell dearer than you buy
Net, funding: paid 7d − costs−$256as in the Funding arb table
Net, price: spread back to 7d avg − costs−$215as in the Price arb table
costs, in and out, $10k−$2202.203% of the position
Funding, last 7 days−0.360%−$36 on $10k
+Price spread, last 7 days−0.090%−$9 · spread now +0.173%, 7d avg +0.117%
=The price spread pays, funding is against you. Bitget is 0.056% dearer against Binance than usual: you sell high and buy low (spread +0.173% now, against its 7-day average of +0.117%): +$6 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.360% in total) that is about 26 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NAORISUSDT | 0.03721 | 0.0492 | pay 0.0246% / 4h | 1h 43m | $5.0M | $1.3M | 10x |
| Short | Bitget NAORISUSDT | 0.03727 | 0.0100 | get 0.0050% / 4h | 1h 43m | $3.3M | $239K | 10x |
Binance NAORISUSDT
Bitget NAORISUSDTFunding 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
- −$82.35
- Price spread: +0.173% → +0.117%
- $5.59
- Slippage, 4 orders
- −$198.28
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$297.04
- Costs to cover
- 2.203%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; Bitget: live order book, 4 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, 9 min ago | 4.04 bp | 65.6 bp −$66 | 510.5 bp −$5,105 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 13.45 bp | 48.6 bp −$49 | 532.7 bp −$5,327 | doesn't fit | doesn't fit |
NAORIS 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit NAORISUSDT | +0.0100% | 4h | 0.03719 | −0.034% | $1.1M | $492K | 20x | as long as short |
| Gate NAORIS_USDT | +0.0100% | 4h | 0.03714 | −0.176% | $289K | $16K | 20x | as long as short |
| KuCoin NAORISUSDTM | +0.0100% | 4h | 0.03724 | +0.093% | $439K | $28K | 10x | as long as short |
| Bitget NAORISUSDTshort | +0.0100% | 4h | 0.03727 | +0.173% | $3.3M | $239K | 10x | |
| Variational Omni NAORIS | +0.0100% | 4h | 0.03715 | −0.153% | $76K | $24K | — | as long as short |
| Aster NAORISUSDT | +0.0360% | 4h | 0.03711 | −0.259% | $5K | $5K | 5x | as long as short |
| BingX NAORIS-USDT | +0.0466% | 4h | 0.03720 | −0.015% | — | $1.3M | — | as long as short |
| MEXC NAORIS_USDT | +0.0488% | 4h | 0.03712 | −0.230% | $4.3M | $217K | 100x | as long as short |
| Binance NAORISUSDTlong | +0.0492% | 4h | 0.03721 | long leg | $5.0M | $1.3M | 10x | |
| Extended NAORIS-USD | +0.0496% | 1h | 0.03717 | −0.095% | $3K | $94K | 5x | as long as short |
Bybit NAORISUSDT
Gate NAORIS_USDT
KuCoin NAORISUSDTM
Variational Omni NAORIS
Aster NAORISUSDT
BingX NAORIS-USDT
MEXC NAORIS_USDT
Extended NAORIS-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin NAORIS-USDT | +0.0501% | 4h | 0.03725 | +0.119% | $287K | $10K | 10x | as long as short |
BloFin NAORIS-USDT