Funding you earn now, next payment 04:00 UTC+0.0309%/8h= +33.9% APRnext payment +$1.55 per $10,000 · paid last 24h +0.173%
Price spread now: Bybit against Bitget+0.075%7-day average −0.024% · you sell dearer than you buy
Net, funding: paid 7d − costs−$177as in the Funding arb table
Net, price: spread back to 7d avg − costs−$185as in the Price arb table
costs, in and out, $10k−$1951.953% of the position
Funding, last 7 days+0.181%+$18 on $10k
+Price spread, last 7 days−0.035%−$3 · spread now +0.075%, 7d avg −0.024%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Bybit is 0.099% dearer against Bitget than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.024%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.181% in total (about 9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.55 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 | 0.02527 | 0.0100 | pay 0.0050% / 4h | 2h 11m | $2.2M | $123K | 20x |
| Short | Bybit QUSDT | 0.02529 | 0.0409 | get 0.0205% / 4h | 2h 11m | $1.5M | $352K | 13x |
Bitget QUSDT
Bybit QUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $64.94
- Price spread: +0.075% → −0.024%
- $9.93
- Slippage, 4 orders
- −$172.34
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$120.47
- Costs to cover
- 1.953%
- Break-even
- 20.0 days
Slippage from Bitget: live order book, 1 min ago; Bybit: 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 Bitget live order book, 1 min ago | 9.09 bp | 24.7 bp −$25 | 464.3 bp −$4,643 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 5 min ago | 1.98 bp | 67.5 bp −$68 | doesn't fit | doesn't fit | doesn't fit |
Q 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate Q_USDT | +0.0100% | 4h | 0.02526 | −0.036% | $1.2M | $291K | 10x | as long as short |
| KuCoin QUSDTM | +0.0100% | 4h | 0.02523 | −0.174% | $668K | $19K | 20x | as long as short |
| Bitget QUSDTlong | +0.0100% | 4h | 0.02527 | long leg | $2.2M | $123K | 20x | |
| Bybit QUSDTshort | +0.0409% | 4h | 0.02529 | +0.075% | $1.5M | $352K | 13x | |
| Variational Omni Q | +0.0426% | 4h | 0.02527 | −0.015% | $609 | $2K | — | as long as short |
| Aster QUSDT | +0.0842% | 4h | 0.02526 | −0.019% | $58K | $52K | 5x | as long as short |
| BingX Q-USDT | +0.0894% | 4h | 0.02527 | −0.008% | — | $1.3M | — | as long as short |
| Extended Q-USD | +0.0928% | 1h | 0.02530 | +0.106% | $8K | $164K | 5x | as long as short |
| MEXC Q_USDT | +0.0928% | 4h | 0.02530 | +0.103% | $122K | $88K | 50x | as long as short |
| Binance QUSDT | +0.0928% | 4h | 0.02530 | +0.106% | $7.0M | $1.4M | 20x | as long as short |
Gate Q_USDT
KuCoin QUSDTM
Variational Omni Q
Aster QUSDT
BingX Q-USDT
Extended Q-USD
MEXC Q_USDT
Binance QUSDT