Q

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0918%/8h= +100.5% APRnext payment +$4.59 per $10,000 · paid last 24h +0.038%

Price spread now: Binance against Bitget−0.002%7-day average +0.123% · you buy dearer than you sell

Net, funding: paid 7d − costs−$99as in the Funding arb table

Net, price: spread back to 7d avg − costs−$137as in the Price arb table

costs, in and out, $10k−$1241.241% of the position

Long on Bitget Short on Binance

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+0.138%+$14 · spread now −0.002%, 7d avg +0.123%

Together, before fees+0.386%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.125% cheaper against Bitget than usual: you would sell low and buy high (spread −0.002% now, against its 7-day average of +0.123%). If the spread goes back, that is −$13 on $10k: about 11 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.247% in total) that is about 3.5 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 +$4.59 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 QUSDT	0.02499	0.0100	pay 0.0050% / 4h	1h 15m	$2.2M	$138K	20x
Short	Binance QUSDT	0.02499	0.1018	get 0.0509% / 4h	1h 15m	$6.9M	$1.4M	20x

Funding 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 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 BitgetbpFee BinancebpOrdersPrice spread, now −0.002%Rate

Funding earned: $192.83
Price spread: −0.002% → +0.123%: −$12.53
Slippage, 4 orders: −$102.07
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: $56.23
Costs to cover: 1.241%
Break-even: 5.0 days

Slippage from Bitget: live order book, 2 min ago; Binance: live order book, 8 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	7.20 bp	26.4 bp −$26	541.4 bp −$5,414	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.40 bp	28.7 bp −$29	295.3 bp −$2,953	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	0.02494	−0.200%	$1.2M	$302K	10x	as long as short
KuCoin QUSDTM	+0.0100%	4h	0.02494	−0.188%	$660K	$20K	20x	as long as short
Bitget QUSDTlong	+0.0100%	4h	0.02499	long leg	$2.2M	$138K	20x
Variational Omni Q	+0.0100%	4h	0.02498	−0.057%	$603	$41	—	as long as short
Bybit QUSDT	+0.0491%	4h	0.02498	−0.064%	$1.5M	$371K	13x	as long as short
Aster QUSDT	+0.0627%	4h	0.02499	−0.007%	$58K	$50K	5x	as long as short
BingX Q-USDT	+0.0958%	4h	0.02499	+0.004%	—	$1.3M	—	as long as short
Extended Q-USD	+0.1016%	1h	0.02499	−0.023%	$8K	$168K	5x	as long as short
MEXC Q_USDT	+0.1018%	4h	0.02499	−0.004%	$122K	$89K	50x	as long as short
Binance QUSDTshort	+0.1018%	4h	0.02499	−0.002%	$6.9M	$1.4M	20x

Show all 11 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin Q-USDT	+0.1055%	4h	0.02499	−0.008%	$371K	$75K	40x	as long as short