Funding you earn now, next payment 00:00 UTC−0.0026%/8h= −2.8% APRnext payment −$0.13 per $10,000 · paid last 24h −0.020%
Price spread now: Bitget against Binance+0.164%7-day average +0.058% · you sell dearer than you buy
Net, funding: paid 7d − costs−$144as in the Funding arb table
Net, price: spread back to 7d avg − costs−$112as in the Price arb table
costs, in and out, $10k−$1231.225% of the position
Funding, last 7 days−0.214%−$21 on $10k
+Price spread, last 4 days (all we have)−0.224%−$22 · spread now +0.164%, 7d avg +0.058%
=The price spread pays, funding is against you. Bitget is 0.106% dearer against Binance than usual: you sell high and buy low (spread +0.164% now, against its 7-day average of +0.058%): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 14 days. At the pace of the last 7 days (−0.214% in total) that is about 3.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance 1000SATSUSDT | 0.00000001223 | 0.0100 | pay 0.0050% / 4h | 1h 40m | $2.1M | $5.0M | 25x |
| Short | Bitget 1000SATSUSDT | 0.00000001225 | 0.0074 | get 0.0037% / 4h | 1h 40m | $727K | $211K | 25x |
Binance 1000SATSUSDT
Bitget 1000SATSUSDTFunding 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
- −$5.46
- Price spread: +0.164% → +0.058%
- $10.59
- Slippage, 4 orders
- −$100.55
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$117.41
- Costs to cover
- 1.225%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Bitget: live order book, 40 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 | 4.12 bp | 32.3 bp −$32 | 339.4 bp −$3,394 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 40 min ago | 8.24 bp | 34.6 bp −$35 | 298.0 bp −$2,980 | doesn't fit | doesn't fit |
SATS on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget 1000SATSUSDTshort | +0.0074% | 4h | 0.00000001225 | +0.164% | $727K | $211K | 25x | |
| Binance 1000SATSUSDTlong | +0.0100% | 4h | 0.00000001223 | long leg | $2.1M | $5.0M | 25x | |
| Bybit 10000SATSUSDT | +0.0100% | 4h | 0.00000001224 | +0.106% | $283K | $859K | 13x | as long as short |
| Gate SATS_USDT | +0.0100% | 4h | 0.00000001222 | −0.082% | $345K | $232K | 25x | as long as short |
| KuCoin 10000SATSUSDTM | +0.0100% | 4h | 0.00000001223 | 0.000% | $213K | $80K | 10x | as long as short |
| MEXC SATS_USDT | +0.0135% | 8h | 0.00000001225 | +0.164% | $356K | $176K | 100x | as long as short |
| OKX SATS-USDT-SWAP | +0.0136% | 8h | 0.00000001226 | +0.213% | $823K | $2.9M | 10x | as long as short |
| BingX 10000SATS-USDT | +0.0142% | 4h | 0.00000001224 | +0.082% | — | $91.0M | — | as long as short |
Bybit 10000SATSUSDT
Gate SATS_USDT
KuCoin 10000SATSUSDTM
MEXC SATS_USDT
OKX SATS-USDT-SWAP
BingX 10000SATS-USDT