Q

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0633%/8h= −69.3% APRnext payment −$3.16 per $10,000 · paid last 24h −0.038%

Price spread now: Bitget against Binance+0.008%7-day average −0.124% · you sell dearer than you buy

Net, funding: paid 7d − costs−$197as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1721.724% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.247%−$25 on $10k

Price spread, last 7 days−0.045%−$4 · spread now +0.008%, 7d avg −0.124%

Together, before fees−0.292%−$29 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Bitget is 0.132% dearer against Binance than usual: you sell high and buy low (spread +0.008% now, against its 7-day average of −0.124%): +$13 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 7 days (−0.247% in total) that is about 3.7 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.247% in total (about -12.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.16 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	Binance QUSDT	0.02497	0.0733	pay 0.0366% / 4h	2h 41m	$6.9M	$1.5M	20x
Short	Bitget QUSDT	0.02497	0.0100	get 0.0050% / 4h	2h 41m	$2.2M	$140K	20x

Funding 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 it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BitgetbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$132.92
Price spread: +0.008% → −0.124%: $13.17
Slippage, 4 orders: −$150.36
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$292.11
Costs to cover: 1.724%
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	0.20 bp	61.0 bp −$61	482.8 bp −$4,828	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	4.20 bp	45.0 bp −$45	368.8 bp −$3,688	doesn't fit	doesn't fit

Q 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
Gate Q_USDT	+0.0100%	4h	0.02495	−0.088%	$1.2M	$314K	10x	as long as short
KuCoin QUSDTM	+0.0100%	4h	0.02492	−0.196%	$660K	$21K	20x	as long as short
Bitget QUSDTshort	+0.0100%	4h	0.02497	+0.008%	$2.2M	$140K	20x
Variational Omni Q	+0.0100%	4h	0.02496	−0.032%	$602	$41	—	as long as short
Bybit QUSDT	+0.0149%	4h	0.02494	−0.124%	$1.5M	$392K	13x	as long as short
Aster QUSDT	+0.0695%	4h	0.02500	+0.113%	$59K	$61K	5x	as long as short
BingX Q-USDT	+0.0696%	4h	0.02496	−0.044%	—	$1.3M	—	as long as short
MEXC Q_USDT	+0.0732%	4h	0.02498	+0.036%	$122K	$87K	50x	as long as short
Binance QUSDTlong	+0.0733%	4h	0.02497	long leg	$6.9M	$1.5M	20x
Extended Q-USD	+0.0736%	1h	0.02497	−0.011%	$8K	$168K	5x	as long as short

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin Q-USDT	+0.0783%	4h	0.02500	+0.140%	$373K	$75K	40x	as long as short