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: Binance against Bitget−0.208%7-day average −0.117% · you buy dearer than you sell
Net, funding: paid 7d − costs−$184as in the Funding arb table
Net, price: spread back to 7d avg − costs−$229as 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+0.125%+$12 · spread now −0.208%, 7d avg −0.117%
=Funding pays, the price is against you. Binance is 0.091% cheaper against Bitget than usual: you would sell low and buy high (spread −0.208% now, against its 7-day average of −0.117%). If the spread goes back, that is −$9 on $10k: about 18 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.360% in total) that is about 42 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget NAORISUSDT | 0.03725 | 0.0100 | pay 0.0050% / 4h | 1h 43m | $3.3M | $239K | 10x |
| Short | Binance NAORISUSDT | 0.03717 | 0.0492 | get 0.0246% / 4h | 1h 43m | $5.0M | $1.3M | 10x |
Bitget NAORISUSDT
Binance NAORISUSDTFunding 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
- $82.35
- Price spread: −0.208% → −0.117%
- −$9.07
- Slippage, 4 orders
- −$198.28
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$147
- Costs to cover
- 2.203%
- Break-even
- 19.5 days
Slippage from Bitget: live order book, 4 min ago; Binance: live order book, 9 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 | 13.45 bp | 55.7 bp −$56 | 574.7 bp −$5,747 | doesn't fit | doesn't fit |
| Sell Binance live order book, 9 min ago | 4.04 bp | 50.4 bp −$50 | 419.5 bp −$4,195 | 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 | 0.03717 | −0.209% | $1.1M | $492K | 20x | as long as short |
| Gate NAORIS_USDT | +0.0100% | 4h | 0.03714 | −0.295% | $289K | $16K | 20x | as long as short |
| KuCoin NAORISUSDTM | +0.0100% | 4h | 0.03707 | −0.483% | $437K | $28K | 10x | as long as short |
| Bitget NAORISUSDTlong | +0.0100% | 4h | 0.03725 | long leg | $3.3M | $239K | 10x | |
| Variational Omni NAORIS | +0.0100% | 4h | 0.03715 | −0.272% | $76K | $24K | — | as long as short |
| Aster NAORISUSDT | +0.0360% | 4h | 0.03714 | −0.303% | $5K | $5K | 5x | as long as short |
| BloFin NAORIS-USDT | +0.0435% | 4h | 0.03709 | −0.430% | $286K | $10K | 10x | as long as short |
| BingX NAORIS-USDT | +0.0466% | 4h | 0.03718 | −0.188% | — | $1.3M | — | as long as short |
| Extended NAORIS-USD | +0.0488% | 1h | 0.03715 | −0.270% | $3K | $94K | 5x | as long as short |
| MEXC NAORIS_USDT | +0.0488% | 4h | 0.03716 | −0.242% | $4.3M | $217K | 100x | as long as short |
Bybit NAORISUSDT
Gate NAORIS_USDT
KuCoin NAORISUSDTM
Variational Omni NAORIS
Aster NAORISUSDT
BloFin NAORIS-USDT
BingX NAORIS-USDT
Extended NAORIS-USD
MEXC NAORIS_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance NAORISUSDTshort | +0.0492% | 4h | 0.03717 | −0.208% | $5.0M | $1.3M | 10x |