NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0038%/8h= −4.1% APRnext payment −$0.19 per $10,000 · paid last 24h −0.013%

Price spread now: Bybit against Bitget−0.138%7-day average −0.173% · you buy dearer than you sell

Net, funding: paid 7d − costs−$110as in the Funding arb table

Net, price: spread back to 7d avg − costs−$105as in the Price arb table

costs, in and out, $10k−$1081.080% of the position

Long on Bitget Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.138%, 7d avg −0.173%

Together, before fees−0.019%−$2 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bybit is 0.034% dearer against Bitget than usual: you sell high and buy low (spread −0.138% now, against its 7-day average of −0.173%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.1 days. At the pace of the last 7 days (−0.016% in total) that is about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget NOTUSDT	0.0005068	0.0100	pay 0.0050% / 4h	2h 50m	$669K	$408K	50x
Short	Bybit NOTUSDT	0.0005061	0.0062	get 0.0031% / 4h	2h 50m	$2.1M	$866K	25x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee BybitbpOrdersPrice spread, now −0.138%Rate

Funding earned: −$7.89
Price spread: −0.138% → −0.173%: $3.44
Slippage, 4 orders: −$85.04
Fee Bitget: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$112.49
Costs to cover: 1.080%
Break-even: never at this rate

Slippage from Bitget: live order book, 14 min ago; Bybit: live order book, 1 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, 14 min ago	8.79 bp	33.6 bp −$34	174.9 bp −$1,749	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	3.96 bp	21.9 bp −$22	84.4 bp −$844	doesn't fit	doesn't fit

NOT on 16 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
Variational Omni NOT	−0.0231%	4h	0.0005058	−0.203%	$71K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−3.828%	$1K	$13K	5.5x	as long as short
Bybit NOTUSDTshort	+0.0062%	4h	0.0005061	−0.138%	$2.1M	$866K	25x
KuCoin NOTUSDTM	+0.0090%	4h	0.0005055	−0.257%	$462K	$135K	50x	as long as short
BloFin NOT-USDT	+0.0094%	4h	0.0005064	−0.079%	$112K	$17K	50x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005075	+0.138%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005070	+0.039%	$370K	$51K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005062	−0.118%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005069	+0.012%	$2.1M	$3.2M	50x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005068	0.000%	$625K	$644K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate NOT_USDT	+0.0100%	4h	0.0005056	−0.237%	$143K	$81K	50x	as long as short
MEXC NOT_USDT	+0.0100%	4h	0.0005068	0.000%	$1.3M	$465K	200x	as long as short
Bitget NOTUSDTlong	+0.0100%	4h	0.0005068	long leg	$669K	$408K	50x
BingX NOT-USDC	+0.0100%	4h	0.0005068	0.000%	—	$722K	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005062	−0.122%	$4K	$491	5x	as long as short
Kraken Futures PF_NOTUSD	+0.0202%	1h	0.0005082	+0.274%	$50K	$10K	10x	as long as short