Funding you earn now, next payment 12:00 UTC−0.0058%/8h= −6.4% APRnext payment −$0.29 per $10,000 · paid last 24h −0.001%
Price spread now: Binance against Bitget−0.148%7-day average −0.099% · you buy dearer than you sell
Net, funding: paid 7d − costs−$157as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1541.536% of the position
Funding, last 7 days−0.032%−$3 on $10k
+Price spread, last 4 days (all we have)+0.089%+$9 · spread now −0.148%, 7d avg −0.099%
=Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.049% cheaper against Bitget than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.099%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget STOUSDT | 0.04133 | 0.0158 | pay 0.0079% / 4h | 1h 31m | $320K | $21K | 10x |
| Short | Binance STOUSDT | 0.04127 | 0.0100 | get 0.0050% / 4h | 1h 31m | $3.4M | $1.4M | 20x |
Bitget STOUSDT
Binance STOUSDTFunding 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
- −$12.18
- Price spread: −0.148% → −0.099%
- −$4.88
- Slippage, 4 orders
- −$131.63
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$170.68
- Costs to cover
- 1.536%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 6 min ago; Binance: live order book, 12 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, 6 min ago | 4.82 bp | 49.3 bp −$49 | 585.5 bp −$5,855 | doesn't fit | doesn't fit |
| Sell Binance live order book, 12 min ago | 1.21 bp | 22.8 bp −$23 | 96.5 bp −$965 | doesn't fit | doesn't fit |
STO on 9 exchanges
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 STO_USDT | −0.0116% | 4h | 0.04124 | −0.218% | $241K | $112K | 25x | as long as short |
| Aster STOUSDT | +0.0100% | 4h | 0.04129 | −0.098% | $26K | $1K | 5x | as long as short |
| Binance STOUSDTshort | +0.0100% | 4h | 0.04127 | −0.148% | $3.4M | $1.4M | 20x | |
| Bybit STOUSDT | +0.0100% | 4h | 0.04132 | −0.024% | $707K | $258K | 13x | as long as short |
| MEXC STO_USDT | +0.0100% | 4h | 0.04125 | −0.194% | $754K | $101K | 50x | as long as short |
| Bitget STOUSDTlong | +0.0158% | 4h | 0.04133 | long leg | $320K | $21K | 10x | |
| BingX STO-USDT | +0.0162% | 4h | 0.04121 | −0.290% | — | $6.5M | — | as long as short |
| Variational Omni STO | +0.0162% | 4h | 0.04142 | +0.228% | $4K | $12 | — | as long as short |
| KuCoin STOUSDTM | +0.0320% | 4h | 0.04128 | −0.121% | $985K | $14K | 25x | as long as short |
Gate STO_USDT
Aster STOUSDT
Bybit STOUSDT
MEXC STO_USDT
BingX STO-USDT
Variational Omni STO
KuCoin STOUSDTM