Funding you earn now, next payment 00:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.48 per $10,000 · paid last 24h −0.032%
Price spread now: Bitget against BingX0.000%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$163as in the Funding arb table
Net, price: spread back to 7d avg − costs−$143as in the Price arb table
costs, in and out, $10k−$1381.384% of the position
Funding, last 7 days−0.248%−$25 on $10k
+Price spread, last 4 days (all we have)+0.046%+$5 · spread now 0.000%, 7d avg +0.048%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.048% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.048%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX 10000SATS-USDT | 0.00000001223 | 0.0100 | pay 0.0050% / 4h | 10m 22s | — | $90.8M | — |
| Short | Bitget 1000SATSUSDT | 0.00000001223 | 0.0004 | get 0.0002% / 4h | 10m 22s | $721K | $216K | 25x |
BingX 10000SATS-USDT
Bitget 1000SATSUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- −$20.16
- Price spread: 0.000% → +0.048%
- −$4.8
- Slippage, 4 orders
- −$116.41
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$163.37
- Costs to cover
- 1.384%
- Break-even
- never at this rate
Slippage from BingX: live order book, 4 min ago; Bitget: live order book, 65 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 BingX live order book, 4 min ago | 4.10 bp | 33.0 bp −$33 | 165.4 bp −$1,654 | 720.9 bp −$72.1K | doesn't fit |
| Sell Bitget live order book, 65 min ago | 4.11 bp | 48.8 bp −$49 | 286.8 bp −$2,868 | 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 | +0.0004% | 4h | 0.00000001223 | 0.000% | $721K | $216K | 25x | |
| Binance 1000SATSUSDT | +0.0100% | 4h | 0.00000001222 | −0.082% | $2.1M | $5.1M | 25x | as long as short |
| Bybit 10000SATSUSDT | +0.0100% | 4h | 0.00000001223 | +0.016% | $283K | $859K | 13x | as long as short |
| OKX SATS-USDT-SWAP | +0.0100% | 8h | 0.00000001224 | +0.065% | $824K | $3.0M | 10x | as long as short |
| Gate SATS_USDT | +0.0100% | 4h | 0.00000001221 | −0.164% | $352K | $243K | 25x | as long as short |
| MEXC SATS_USDT | +0.0100% | 8h | 0.00000001224 | +0.082% | $374K | $181K | 100x | as long as short |
| KuCoin 10000SATSUSDTM | +0.0100% | 4h | 0.00000001222 | −0.082% | $220K | $83K | 10x | as long as short |
| BingX 10000SATS-USDTlong | +0.0100% | 4h | 0.00000001223 | long leg | — | $90.8M | — |
Binance 1000SATSUSDT
Bybit 10000SATSUSDT
OKX SATS-USDT-SWAP
Gate SATS_USDT
MEXC SATS_USDT
KuCoin 10000SATSUSDTM