Funding you earn now, next payment 04:00 UTC−0.1550%/8h= −169.7% APRnext payment −$7.75 per $10,000 · paid last 24h −0.005%
Price spread now: Bybit against Bitget−0.162%7-day average +0.055% · you buy dearer than you sell
Net, funding: paid 7d − costs−$341as in the Funding arb table
Net, price: spread back to 7d avg − costs−$353as in the Price arb table
costs, in and out, $10k−$3323.317% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)+0.343%+$34 · spread now −0.162%, 7d avg +0.055%
=Both sides work against this trade now: funding costs −$47 a day on $10k at the current rate, and Bybit is 0.217% cheaper against Bitget than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.055%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.092% in total (about -4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.75 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 NEWTUSDT | 0.04943 | 0.0100 | pay 0.0050% / 4h | 1h 45m | $355K | $244K | 20x |
| Short | Bybit NEWTUSDT | 0.04935 | −0.1450 | pay 0.0725% / 4h | 1h 45m | $658K | $709K | 20x |
Bitget NEWTUSDT
Bybit NEWTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- −$325.51
- Price spread: −0.162% → +0.055%
- −$21.73
- Slippage, 4 orders
- −$308.73
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$678.98
- Costs to cover
- 3.317%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 10 min ago; Bybit: live order book, 10 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, 10 min ago | 9.10 bp | 43.6 bp −$44 | 365.7 bp −$3,657 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 10 min ago | 5.06 bp | 140.9 bp −$141 | doesn't fit | doesn't fit | doesn't fit |
NEWT on 6 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 NEWTUSDTshort | −0.1450% | 4h | 0.04935 | −0.162% | $658K | $709K | 20x | |
| Binance NEWTUSDT | +0.0100% | 4h | 0.04935 | −0.165% | $1.3M | $2.4M | 25x | as long as short |
| Gate NEWT_USDT | +0.0100% | 8h | 0.04927 | −0.324% | $133K | $66K | 10x | as long as short |
| MEXC NEWT_USDT | +0.0100% | 4h | 0.04934 | −0.182% | $368K | $161K | 50x | as long as short |
| KuCoin NEWTUSDTM | +0.0100% | 4h | 0.04935 | −0.162% | $329K | $46K | 25x | as long as short |
| Bitget NEWTUSDTlong | +0.0100% | 4h | 0.04943 | long leg | $355K | $244K | 20x |
Binance NEWTUSDT
Gate NEWT_USDT
MEXC NEWT_USDT
KuCoin NEWTUSDTM