Funding you earn now, next payment 04:00 UTC+0.0683%/8h= +74.8% APRnext payment +$3.42 per $10,000 · paid last 24h +0.005%
Price spread now: Bitget against Bybit+0.040%7-day average −0.057% · you sell dearer than you buy
Net, funding: paid 7d − costs−$346as in the Funding arb table
Net, price: spread back to 7d avg − costs−$346as in the Price arb table
costs, in and out, $10k−$3563.557% of the position
Funding, last 7 days+0.092%+$9 on $10k
+Price spread, last 4 days (all we have)−0.120%−$12 · spread now +0.040%, 7d avg −0.057%
=Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and Bitget is 0.097% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.057%.
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 +$3.42 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 | Bybit NEWTUSDT | 0.04966 | −0.0583 | get 0.0292% / 4h | 4m 01s | $623K | $772K | 20x |
| Short | Bitget NEWTUSDT | 0.04968 | 0.0100 | get 0.0050% / 4h | 4m 01s | $357K | $287K | 20x |
Bybit NEWTUSDT
Bitget NEWTUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- $143.44
- Price spread: +0.040% → −0.057%
- $9.74
- Slippage, 4 orders
- −$332.67
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$202.49
- Costs to cover
- 3.557%
- Break-even
- 16.9 days
Slippage from Bybit: live order book, 46 min ago; Bitget: live order book, 46 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 Bybit live order book, 46 min ago | 4.97 bp | 118.2 bp −$118 | 611.7 bp −$6,117 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 46 min ago | 9.93 bp | 56.9 bp −$57 | 357.3 bp −$3,573 | 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 NEWTUSDTlong | −0.0583% | 4h | 0.04966 | long leg | $623K | $772K | 20x | |
| Binance NEWTUSDT | +0.0100% | 4h | 0.04966 | 0.000% | $1.4M | $2.7M | 25x | as long as short |
| Gate NEWT_USDT | +0.0100% | 8h | 0.04954 | −0.242% | $139K | $88K | 10x | as long as short |
| MEXC NEWT_USDT | +0.0100% | 4h | 0.04965 | −0.020% | $416K | $181K | 50x | as long as short |
| KuCoin NEWTUSDTM | +0.0100% | 4h | 0.04972 | +0.121% | $332K | $45K | 25x | as long as short |
| Bitget NEWTUSDTshort | +0.0100% | 4h | 0.04968 | +0.040% | $357K | $287K | 20x |
Binance NEWTUSDT
Gate NEWT_USDT
MEXC NEWT_USDT
KuCoin NEWTUSDTM