Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bitget−0.075%7-day average −0.115% · you buy dearer than you sell
Net, funding: paid 7d − costs−$126as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1251.247% of the position
Funding, last 7 days−0.013%−$1 on $10k
+Price spread, last 7 days+0.051%+$5 · spread now −0.075%, 7d avg −0.115%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.040% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.115%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget OPENUSDT | 0.1442 | 0.0100 | pay 0.0050% / 4h | 57m 14s | $2.2M | $181K | 20x |
| Short | Binance OPENUSDT | 0.1441 | 0.0100 | get 0.0050% / 4h | 57m 14s | $7.1M | $2.5M | 75x |
Bitget OPENUSDT
Binance OPENUSDTFunding 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
- $0
- Price spread: −0.075% → −0.115%
- $4
- Slippage, 4 orders
- −$102.7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$120.7
- Costs to cover
- 1.247%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 5 min ago; Binance: live order book, 12 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, 5 min ago | 6.93 bp | 26.0 bp −$26 | 315.2 bp −$3,152 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 3.46 bp | 35.3 bp −$35 | 172.9 bp −$1,729 | doesn't fit | doesn't fit |
OPEN on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| BloFin OPEN-USDT | +0.0040% | 4h | 0.1437 | −0.347% | $675K | $12K | 75x | as long as short |
| Aster OPENUSDT | +0.0100% | 4h | 0.1440 | −0.105% | $252K | $4K | 5x | as long as short |
| Binance OPENUSDTshort | +0.0100% | 4h | 0.1441 | −0.075% | $7.1M | $2.5M | 75x | |
| Gate OPEN_USDT | +0.0100% | 8h | 0.1440 | −0.139% | $825K | $196K | 75x | as long as short |
| KuCoin OPENUSDTM | +0.0100% | 4h | 0.1442 | −0.035% | $2.4M | $46K | 30x | as long as short |
| Bitget OPENUSDTlong | +0.0100% | 4h | 0.1442 | long leg | $2.2M | $181K | 20x | |
| Extended OPEN-USD | +0.0104% | 1h | 0.1440 | −0.115% | $2K | $109K | 5x | as long as short |
| Bybit OPENUSDT | +0.0918% | 4h | 0.1443 | +0.076% | $1.5M | $690K | 25x | as long as short |
| Kraken Futures PF_OPENUSD | +0.0975% | 1h | 0.1443 | +0.061% | $14K | $55K | 10x | as long as short |
BloFin OPEN-USDT
Aster OPENUSDT
Gate OPEN_USDT
KuCoin OPENUSDTM
Extended OPEN-USD
Bybit OPENUSDT
Kraken Futures PF_OPENUSD