Funding you earn now, next payment 04:00 UTC+0.0951%/8h= +104.1% APRnext payment +$1.19 per $10,000 · paid last 24h +0.491%
Price spread now: Binance against Bitget−0.829%7-day average +0.303% · you buy dearer than you sell
Net, funding: paid 7d − costs−$105as in the Funding arb table
Net, price: spread back to 7d avg − costs−$236as in the Price arb table
costs, in and out, $10k−$1231.227% of the position
Funding, last 7 days+0.180%+$18 on $10k
+Price spread, last 7 days+1.467%+$147 · spread now −0.829%, 7d avg +0.303%
=Funding pays, the price is against you. Binance is 1.133% cheaper against Bitget than usual: you would sell low and buy high (spread −0.829% now, against its 7-day average of +0.303%). If the spread goes back, that is −$113 on $10k: about 4.0 days of funding at the current rate (+$29 a day). At the pace of the last 7 days (+0.180% in total) that is about 44 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.180% in total (about 9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.19 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 | Bitget ONEUSDT | 0.004355 | −0.1024 | get 0.0128% / 1h | 56m 34s | $2.0M | $33.0M | 20x |
| Short | Binance ONEUSDT | 0.004319 | −0.0073 | pay 0.0009% / 1h | 56m 34s | $14.9M | $338.0M | 50x |
Bitget ONEUSDT
Binance ONEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Bitget. 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
- $199.63
- Price spread: −0.829% → +0.303%
- −$113.29
- Slippage, 4 orders
- −$100.68
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$36.33
- Costs to cover
- 1.227%
- Break-even
- 8.3 days
Slippage from Bitget: live order book, 2 min ago; Binance: live order book, 2 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, 2 min ago | 3.20 bp | 49.5 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Binance live order book, 2 min ago | 1.15 bp | 14.4 bp −$14 | 72.4 bp −$724 | doesn't fit | doesn't fit |
ONE on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ONE-USDT-SWAP | −3.2303% | 1h | 0.005257 | +20.722% | $6.2M | $250.5M | 10x | as long as short |
| Gate ONE_USDT | −0.1593% | 8h | 0.004296 | −1.348% | $1.7M | $15.2M | 20x | as long as short |
| Aster ONEUSDT | −0.1521% | 1h | 0.004328 | −0.609% | $2.3M | $5.8M | 5x | as long as short |
| Bitget ONEUSDTlong | −0.1024% | 1h | 0.004355 | long leg | $2.0M | $33.0M | 20x | |
| BloFin ONE-USDT | −0.0314% | 1h | 0.004320 | −0.795% | $848K | $2.7M | 50x | as long as short |
| Binance ONEUSDTshort | −0.0073% | 1h | 0.004319 | −0.829% | $14.9M | $338.0M | 50x | |
| MEXC ONE_USDT | −0.0072% | 1h | 0.004334 | −0.473% | $11.7M | $15.3M | 20x | as long as short |
| BingX ONE-USDT | −0.0016% | 1h | 0.004321 | −0.778% | — | $6.0M | — | as long as short |
| Variational Omni ONE | +0.0100% | 1h | 0.004406 | +1.177% | $108K | $50K | — | as long as short |
| KuCoin ONEUSDTM | +0.0792% | 1h | 0.004508 | +3.520% | $4.3M | $12.6M | 30x | as long as short |
OKX ONE-USDT-SWAP
Gate ONE_USDT
Aster ONEUSDT
BloFin ONE-USDT
MEXC ONE_USDT
BingX ONE-USDT
Variational Omni ONE
KuCoin ONEUSDTM