Funding you earn now, next payment 00:00 UTC−0.0408%/8h= −44.7% APRnext payment −$2.04 per $10,000 · paid last 24h −0.030%
Price spread now: Bitget against Binance−0.142%7-day average −0.070% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$660.657% of the position
Funding, last 7 days+0.128%+$13 on $10k
+Price spread, last 7 days+0.129%+$13 · spread now −0.142%, 7d avg −0.070%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Bitget is 0.072% cheaper against Binance than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.070%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.128%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.128% in total (about 6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.04 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 RIVERUSDT | 1.2738 | 0.0670 | pay 0.0335% / 4h | 1h 41m | $6.1M | $10.2M | 50x |
| Short | Bitget RIVERUSDT | 1.2720 | 0.0262 | get 0.0131% / 4h | 1h 41m | $3.0M | $1.9M | 20x |
Binance RIVERUSDT
Bitget RIVERUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$85.68
- Price spread: −0.142% → −0.070%
- −$7.24
- Slippage, 4 orders
- −$43.66
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$158.58
- Costs to cover
- 0.657%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 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, 13 min ago | 3.93 bp | 15.4 bp −$15 | 86.5 bp −$865 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 3.93 bp | 17.0 bp −$17 | 214.2 bp −$2,142 | doesn't fit | doesn't fit |
RIVER on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RIVER | +0.0096% | 1h | 1.2720 | −0.142% | $41K | $17K | 3x | as long as short |
| OKX RIVER-USDT-SWAP | +0.0100% | 4h | 1.2740 | +0.015% | $2.1M | $3.8M | 20x | as long as short |
| KuCoin RIVERUSDTM | +0.0100% | 4h | 1.2720 | −0.142% | $2.5M | $2.0M | 50x | as long as short |
| GRVT RIVER_USDT_Perp | +0.0100% | 4h | 1.2699 | −0.311% | $39K | $415K | 10x | as long as short |
| SunX RIVER-USDT | +0.0100% | 4h | 1.2690 | −0.378% | $1K | $949K | 20x | as long as short |
| HTX RIVER-USDT | +0.0100% | 4h | 1.2740 | +0.015% | $49K | $95K | 20x | as long as short |
| Bitget RIVERUSDTshort | +0.0262% | 4h | 1.2720 | −0.142% | $3.0M | $1.9M | 20x | |
| Gate RIVER_USDT | +0.0384% | 4h | 1.2710 | −0.221% | $421K | $106K | 20x | as long as short |
| Kraken Futures PF_RIVERUSD | +0.0558% | 1h | 1.2745 | +0.052% | $57K | $61K | 10x | as long as short |
| Aster RIVERUSDT | +0.0651% | 4h | 1.2710 | −0.221% | $73K | $29K | 10x | as long as short |
Lighter RIVER
OKX RIVER-USDT-SWAP
KuCoin RIVERUSDTM
GRVT RIVER_USDT_Perp
SunX RIVER-USDT
HTX RIVER-USDT
Gate RIVER_USDT
Kraken Futures PF_RIVERUSD
Aster RIVERUSDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC RIVER_USDT | +0.0668% | 4h | 1.2730 | −0.064% | $3.7M | $1.5M | 50x | as long as short |
| Binance RIVERUSDTlong | +0.0670% | 4h | 1.2738 | long leg | $6.1M | $10.2M | 50x | |
| BloFin RIVER-USDT | +0.0678% | 4h | 1.2720 | −0.142% | $421K | $33K | 50x | as long as short |
| Variational Omni RIVER | +0.1119% | 4h | 1.2684 | −0.426% | $42K | $20K | — | as long as short |
| BingX RIVER-USDT | +0.1482% | 4h | 1.2740 | +0.015% | — | $6.8M | — | as long as short |
| Bybit RIVERUSDT | +0.1600% | 4h | 1.2730 | −0.064% | $3.8M | $1.7M | 25x | as long as short |
MEXC RIVER_USDT
BloFin RIVER-USDT
Variational Omni RIVER
BingX RIVER-USDT
Bybit RIVERUSDT