Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bitget+0.065%7-day average −0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$137as in the Funding arb table
Net, price: spread back to 7d avg − costs−$121as in the Price arb table
costs, in and out, $10k−$1331.328% of the position
Funding, last 7 days−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.065%, 7d avg −0.051%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.116% dearer against Bitget than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.051%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget SPELLUSDT | 0.00009250 | 0.0100 | pay 0.0100% / 8h | 7h 44m | $614K | $38K | 25x |
| Short | Binance SPELLUSDT | 0.00009256 | 0.0100 | get 0.0100% / 8h | 7h 44m | $1.5M | $1.5M | 50x |
Bitget SPELLUSDT
Binance SPELLUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $0
- Price spread: +0.065% → −0.051%
- $11.57
- Slippage, 4 orders
- −$110.82
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$121.24
- Costs to cover
- 1.328%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 25 min ago; Binance: live order book, 3 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, 25 min ago | 10.89 bp | 52.4 bp −$52 | 330.9 bp −$3,309 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 5.41 bp | 24.1 bp −$24 | 165.1 bp −$1,651 | doesn't fit | doesn't fit |
SPELL on 7 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance SPELLUSDTshort | +0.0100% | 8h | 0.00009256 | +0.065% | $1.5M | $1.5M | 50x | |
| Gate SPELL_USDT | +0.0100% | 8h | 0.00009220 | −0.324% | $52K | $24K | 20x | as long as short |
| MEXC SPELL_USDT | +0.0100% | 8h | 0.00009250 | 0.000% | $413K | $125K | 20x | as long as short |
| KuCoin SPELLUSDTM | +0.0100% | 8h | 0.00009230 | −0.216% | $193K | $26K | 30x | as long as short |
| Bitget SPELLUSDTlong | +0.0100% | 8h | 0.00009250 | long leg | $614K | $38K | 25x | |
| Variational Omni SPELL | +0.0100% | 8h | 0.00009244 | −0.070% | $212 | $1K | — | as long as short |
| Kraken Futures PF_SPELLUSD | +0.0976% | 1h | 0.00009251 | +0.008% | $15K | $2K | 10x | as long as short |
Gate SPELL_USDT
MEXC SPELL_USDT
KuCoin SPELLUSDTM
Variational Omni SPELL
Kraken Futures PF_SPELLUSD