Funding you earn now, next payment 08:00 UTC−0.0326%/8h= −35.7% APRnext payment −$1.63 per $10,000 · paid last 24h −0.044%
Price spread now: Bitget against Bybit+0.090%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$513as in the Funding arb table
Net, price: spread back to 7d avg − costs−$505as in the Price arb table
costs, in and out, $10k−$5105.100% of the position
Funding, last 7 days−0.031%−$3 on $10k
+Price spread, last 7 days+0.053%+$5 · spread now +0.090%, 7d avg +0.037%
=The price spread pays, funding is against you. Bitget is 0.053% dearer against Bybit than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of +0.037%): +$5 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 13 hours. At the pace of the last 7 days (−0.031% in total) that is about 12 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.031% in total (about -1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.63 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 OPENUSDT | 0.1444 | 0.0426 | pay 0.0213% / 4h | 2h 32m | $1.5M | $741K | 25x |
| Short | Bitget OPENUSDT | 0.1445 | 0.0100 | get 0.0050% / 4h | 2h 32m | $2.2M | $161K | 20x |
Bybit OPENUSDT
Bitget OPENUSDTFunding 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
- −$68.56
- Price spread: +0.090% → +0.037%
- $5.34
- Slippage, 4 orders
- −$487.01
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$573.23
- Costs to cover
- 5.100%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 9 min ago; Bitget: live order book, 5 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, 9 min ago | 3.47 bp | 242.9 bp −$243 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 6.92 bp | 32.2 bp −$32 | 231.6 bp −$2,316 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster OPENUSDT | +0.0100% | 4h | 0.1443 | −0.073% | $252K | $4K | 5x | as long as short |
| Binance OPENUSDT | +0.0100% | 4h | 0.1442 | −0.118% | $7.1M | $2.5M | 75x | as long as short |
| Gate OPEN_USDT | +0.0100% | 8h | 0.1442 | −0.118% | $823K | $201K | 75x | as long as short |
| KuCoin OPENUSDTM | +0.0100% | 4h | 0.1441 | −0.194% | $2.4M | $55K | 30x | as long as short |
| Bitget OPENUSDTshort | +0.0100% | 4h | 0.1445 | +0.090% | $2.2M | $161K | 20x | |
| Extended OPEN-USD | +0.0104% | 1h | 0.1442 | −0.123% | $2K | $190K | 5x | as long as short |
| BloFin OPEN-USDT | +0.0122% | 4h | 0.1440 | −0.256% | $672K | $12K | 75x | as long as short |
| Bybit OPENUSDTlong | +0.0426% | 4h | 0.1444 | long leg | $1.5M | $741K | 25x | |
| Kraken Futures PF_OPENUSD | +0.0960% | 1h | 0.1444 | 0.000% | $14K | $55K | 10x | as long as short |
Aster OPENUSDT
Binance OPENUSDT
Gate OPEN_USDT
KuCoin OPENUSDTM
Extended OPEN-USD
BloFin OPEN-USDT
Kraken Futures PF_OPENUSD