NOT

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0264%/8h= +28.9% APRnext payment +$1.32 per $10,000 · paid last 24h +0.013%

Price spread now: Bitget against Bybit+0.177%7-day average +0.173% · you sell dearer than you buy

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$1041.040% of the position

Long on Bybit Short on Bitget

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)−0.037%−$4 · spread now +0.177%, 7d avg +0.173%

Together, before fees−0.020%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.173%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.016% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.32 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 NOTUSDT	0.0005080	−0.0164	get 0.0082% / 4h	3h 46m	$2.1M	$828K	25x
Short	Bitget NOTUSDT	0.0005089	0.0100	get 0.0050% / 4h	3h 46m	$667K	$389K	50x

Funding 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 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 BybitbpFee BitgetbpOrdersPrice spread, now +0.177%Rate

Funding earned: $55.39
Price spread: +0.177% → +0.173%: $0.47
Slippage, 4 orders: −$81.03
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$48.17
Costs to cover: 1.040%
Break-even: 13.1 days

Slippage from Bybit: live order book, just now; Bitget: live order book, 24 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, just now	1.97 bp	24.2 bp −$24	112.8 bp −$1,128	doesn't fit	doesn't fit
Sell Bitget live order book, 24 min ago	1.96 bp	19.7 bp −$20	101.4 bp −$1,014	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
Gate NOT_USDT	−0.0352%	4h	0.0005088	+0.157%	$141K	$78K	50x	as long as short
Kraken Futures PF_NOTUSD	−0.0333%	1h	0.0005093	+0.253%	$50K	$10K	10x	as long as short
Bybit NOTUSDTlong	−0.0164%	4h	0.0005080	long leg	$2.1M	$828K	25x
Variational Omni NOT	−0.0097%	4h	0.0005078	−0.035%	$72K	$39K	—	as long as short
Injective NOT/USDC PERP	+0.0033%	1h	0.0004874	−4.055%	$1K	$13K	5.5x	as long as short
Lighter 1000NOT	+0.0096%	1h	0.0005094	+0.280%	$11K	$5K	3x	as long as short
Hyperliquid NOT	+0.0100%	1h	0.0005090	+0.197%	$371K	$50K	3x	as long as short
Aster NOTUSDT	+0.0100%	4h	0.0005088	+0.157%	$14K	$9K	5x	as long as short
Binance NOTUSDT	+0.0100%	4h	0.0005083	+0.069%	$2.1M	$3.1M	50x	as long as short
OKX NOT-USDT-SWAP	+0.0100%	4h	0.0005083	+0.059%	$631K	$612K	20x	as long as short

Show all 16 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC NOT_USDT	+0.0100%	4h	0.0005084	+0.079%	$1.4M	$460K	200x	as long as short
KuCoin NOTUSDTM	+0.0100%	4h	0.0005077	−0.059%	$463K	$136K	50x	as long as short
Bitget NOTUSDTshort	+0.0100%	4h	0.0005089	+0.177%	$667K	$389K	50x
BingX NOT-USDT	+0.0100%	4h	0.0005082	+0.039%	—	$7.4M	—	as long as short
Extended kNOT-USD	+0.0104%	1h	0.0005086	+0.122%	$4K	$491	5x	as long as short
BloFin NOT-USDT	+0.0154%	4h	0.0005083	+0.059%	$112K	$17K	50x	as long as short