Funding you earn now, next payment 08:00 UTC−0.0358%/8h= −39.2% APRnext payment −$1.79 per $10,000 · paid last 24h −0.080%
Price spread now: Bitget against Bybit−0.036%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$658as in the Funding arb table
Net, price: spread back to 7d avg − costs−$641as in the Price arb table
costs, in and out, $10k−$6376.368% of the position
Funding, last 7 days−0.210%−$21 on $10k
+Price spread, last 4 days (all we have)−0.127%−$13 · spread now −0.036%, 7d avg +0.006%
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bitget is 0.042% cheaper against Bybit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.006%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.210% in total (about -11.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.79 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 OUSDT | 0.5602 | 0.0458 | pay 0.0229% / 4h | 1h 08m | $734K | $972K | 20x |
| Short | Bitget OUSDT | 0.5600 | 0.0100 | get 0.0050% / 4h | 1h 08m | $1.6M | $353K | 10x |
Bybit OUSDT
Bitget OUSDTFunding 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
- −$75.1
- Price spread: −0.036% → +0.006%
- −$4.18
- Slippage, 4 orders
- −$613.79
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$716.07
- Costs to cover
- 6.368%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 32 min ago; Bitget: live order book, 3 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, 32 min ago | 2.70 bp | 315.9 bp −$316 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 9.81 bp | 24.8 bp −$25 | 232.1 bp −$2,321 | doesn't fit | doesn't fit |
O on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster OUSDT | +0.0100% | 4h | 0.5598 | −0.064% | $20K | $54K | 3x | as long as short |
| Binance OUSDT | +0.0100% | 4h | 0.5599 | −0.054% | $4.7M | $2.1M | 10x | as long as short |
| Gate O_USDT | +0.0100% | 4h | 0.5593 | −0.161% | $1.5M | $609K | 20x | as long as short |
| Bitget OUSDTshort | +0.0100% | 4h | 0.5600 | −0.036% | $1.6M | $353K | 10x | |
| Variational Omni O | +0.0100% | 4h | 0.5610 | +0.142% | $3K | $518 | — | as long as short |
| KuCoin OUSDTM | +0.0274% | 4h | 0.5602 | 0.000% | $1.3M | $636K | 20x | as long as short |
| Bybit OUSDTlong | +0.0458% | 4h | 0.5602 | long leg | $734K | $972K | 20x | |
| BloFin O-USDT | +0.0480% | 4h | 0.5608 | +0.107% | $240K | $6K | 20x | as long as short |
| BingX O-USDT | +0.0714% | 4h | 0.5601 | −0.018% | — | $1.6M | — | as long as short |
| MEXC O_USDT | +0.0742% | 4h | 0.5595 | −0.125% | $960K | $168K | 50x | as long as short |
Aster OUSDT
Binance OUSDT
Gate O_USDT
Variational Omni O
KuCoin OUSDTM
BloFin O-USDT
BingX O-USDT
MEXC O_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX O-USDT-SWAP | +0.0742% | 4h | 0.5594 | −0.143% | $1.5M | $1.2M | 10x | as long as short |
OKX O-USDT-SWAP