Funding you earn now, next payment 08:00 UTC−0.0508%/8h= −55.6% APRnext payment −$2.54 per $10,000 · paid last 24h −0.201%
Price spread now: Bitget against Bybit+0.051%7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$236as in the Funding arb table
Net, price: spread back to 7d avg − costs−$211as in the Price arb table
costs, in and out, $10k−$2142.138% of the position
Funding, last 7 days−0.219%−$22 on $10k
+Price spread, last 7 days−0.017%−$2 · spread now +0.051%, 7d avg +0.025%
=The price spread pays, funding is against you. Bitget is 0.026% dearer against Bybit than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of +0.025%): +$3 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.219% in total) that is about 20 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.219% in total (about -11.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.54 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 QUSDT | 0.02568 | 0.0608 | pay 0.0304% / 4h | 2h 43m | $1.6M | $394K | 13x |
| Short | Bitget QUSDT | 0.02569 | 0.0100 | get 0.0050% / 4h | 2h 43m | $2.3M | $141K | 20x |
Bybit QUSDT
Bitget QUSDTFunding 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
- −$106.61
- Price spread: +0.051% → +0.025%
- $2.56
- Slippage, 4 orders
- −$190.84
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$317.88
- Costs to cover
- 2.138%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Bitget: live order book, 4 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, 3 min ago | 3.90 bp | 65.0 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 4 min ago | 8.96 bp | 37.3 bp −$37 | 452.1 bp −$4,521 | 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 | 0.02566 | −0.078% | $1.2M | $296K | 10x | as long as short |
| KuCoin QUSDTM | +0.0100% | 4h | 0.02565 | −0.125% | $683K | $19K | 20x | as long as short |
| Bitget QUSDTshort | +0.0100% | 4h | 0.02569 | +0.051% | $2.3M | $141K | 20x | |
| Aster QUSDT | +0.0140% | 4h | 0.02565 | −0.132% | $59K | $45K | 5x | as long as short |
| Binance QUSDT | +0.0249% | 4h | 0.02569 | +0.035% | $7.1M | $1.4M | 20x | as long as short |
| Extended Q-USD | +0.0256% | 1h | 0.02568 | +0.017% | $8K | $247K | 5x | as long as short |
| MEXC Q_USDT | +0.0256% | 4h | 0.02569 | +0.031% | $122K | $86K | 50x | as long as short |
| BloFin Q-USDT | +0.0262% | 4h | 0.02568 | −0.008% | $387K | $71K | 40x | as long as short |
| Bybit QUSDTlong | +0.0608% | 4h | 0.02568 | long leg | $1.6M | $394K | 13x | |
| BingX Q-USDT | +0.0740% | 4h | 0.02572 | +0.164% | — | $1.3M | — | as long as short |
Gate Q_USDT
KuCoin QUSDTM
Aster QUSDT
Binance QUSDT
Extended Q-USD
MEXC Q_USDT
BloFin Q-USDT
BingX Q-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni Q | +0.0802% | 4h | 0.02566 | −0.091% | $619 | $2K | — | as long as short |
Variational Omni Q