Funding you earn now, next payment 00:00 UTC−0.0086%/8h= −9.4% APRnext payment −$0.43 per $10,000 · paid last 24h −0.019%
Price spread now: Bitget against Binance−0.127%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$162as in the Funding arb table
Net, price: spread back to 7d avg − costs−$126as in the Price arb table
costs, in and out, $10k−$1171.174% of the position
Funding, last 7 days−0.449%−$45 on $10k
+Price spread, last 7 days+0.101%+$10 · spread now −0.127%, 7d avg −0.038%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.089% cheaper against Binance than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.038%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance OUSDT | 0.5520 | 0.0186 | pay 0.0093% / 4h | 2h 18m | $4.6M | $2.0M | 10x |
| Short | Bitget OUSDT | 0.5513 | 0.0100 | get 0.0050% / 4h | 2h 18m | $1.5M | $355K | 10x |
Binance OUSDT
Bitget OUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$17.99
- Price spread: −0.127% → −0.038%
- −$8.93
- Slippage, 4 orders
- −$95.38
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$144.3
- Costs to cover
- 1.174%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Bitget: 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 Binance live order book, 12 min ago | 1.82 bp | 34.4 bp −$34 | 446.5 bp −$4,465 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 11.77 bp | 31.4 bp −$31 | 226.1 bp −$2,261 | doesn't fit | doesn't fit |
O on 11 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Aster OUSDT | +0.0100% | 4h | 0.5512 | −0.152% | $26K | $53K | 3x | as long as short |
| Gate O_USDT | +0.0100% | 4h | 0.5516 | −0.073% | $1.5M | $518K | 20x | as long as short |
| KuCoin OUSDTM | +0.0100% | 4h | 0.5519 | −0.018% | $1.2M | $982K | 20x | as long as short |
| Bitget OUSDTshort | +0.0100% | 4h | 0.5513 | −0.127% | $1.5M | $355K | 10x | |
| Variational Omni O | +0.0100% | 4h | 0.5517 | −0.060% | $3K | $27 | — | as long as short |
| Binance OUSDTlong | +0.0186% | 4h | 0.5520 | long leg | $4.6M | $2.0M | 10x | |
| BloFin O-USDT | +0.0192% | 4h | 0.5519 | −0.018% | $248K | $8K | 20x | as long as short |
| Bybit OUSDT | +0.0225% | 4h | 0.5513 | −0.127% | $636K | $469K | 20x | as long as short |
| BingX O-USDT | +0.0538% | 4h | 0.5520 | 0.000% | — | $1.7M | — | as long as short |
| MEXC O_USDT | +0.0578% | 4h | 0.5516 | −0.073% | $906K | $130K | 50x | as long as short |
Aster OUSDT
Gate O_USDT
KuCoin OUSDTM
Variational Omni O
BloFin O-USDT
Bybit OUSDT
BingX O-USDT
MEXC O_USDTShow all 11 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX O-USDT-SWAP | +0.0578% | 4h | 0.5518 | −0.036% | $1.5M | $1.0M | 10x | as long as short |
OKX O-USDT-SWAP