Funding you earn now, next payment 08:00 UTC+0.0370%/8h= +40.6% APRnext payment +$1.85 per $10,000 · paid last 24h +0.007%
Price spread now: Bybit against Bitget+0.167%7-day average +0.064% · you sell dearer than you buy
Net, funding: paid 7d − costs−$184as in the Funding arb table
Net, price: spread back to 7d avg − costs−$180as in the Price arb table
costs, in and out, $10k−$1911.907% of the position
Funding, last 7 days+0.063%+$6 on $10k
+Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.167%, 7d avg +0.064%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Bybit is 0.103% dearer against Bitget than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.064%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.063% in total (about 3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.85 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 | Bitget STOUSDT | 0.04193 | 0.0100 | pay 0.0050% / 4h | 3h 33m | $322K | $25K | 10x |
| Short | Bybit STOUSDT | 0.04200 | 0.0470 | get 0.0235% / 4h | 3h 33m | $723K | $274K | 13x |
Bitget STOUSDT
Bybit STOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $77.8
- Price spread: +0.167% → +0.064%
- $10.34
- Slippage, 4 orders
- −$167.65
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$102.51
- Costs to cover
- 1.907%
- Break-even
- 16.2 days
Slippage from Bitget: live order book, 12 min ago; Bybit: live order book, 16 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, 12 min ago | 5.95 bp | 59.7 bp −$60 | 609.8 bp −$6,098 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 16 min ago | 3.57 bp | 41.2 bp −$41 | 184.5 bp −$1,845 | doesn't fit | doesn't fit |
STO on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster STOUSDT | +0.0100% | 4h | 0.04192 | −0.016% | $26K | $1K | 5x | as long as short |
| Binance STOUSDT | +0.0100% | 4h | 0.04188 | −0.131% | $3.4M | $1.4M | 20x | as long as short |
| Gate STO_USDT | +0.0100% | 4h | 0.04194 | +0.024% | $252K | $115K | 25x | as long as short |
| MEXC STO_USDT | +0.0100% | 4h | 0.04187 | −0.143% | $776K | $102K | 50x | as long as short |
| Bitget STOUSDTlong | +0.0100% | 4h | 0.04193 | long leg | $322K | $25K | 10x | |
| BingX STO-USDT | +0.0116% | 4h | 0.04191 | −0.048% | — | $6.5M | — | as long as short |
| Variational Omni STO | +0.0433% | 4h | 0.04199 | +0.137% | $4K | $213 | — | as long as short |
| Bybit STOUSDTshort | +0.0470% | 4h | 0.04200 | +0.167% | $723K | $274K | 13x | |
| KuCoin STOUSDTM | +0.0982% | 4h | 0.04205 | +0.286% | $1.0M | $18K | 25x | as long as short |
Aster STOUSDT
Binance STOUSDT
Gate STO_USDT
MEXC STO_USDT
BingX STO-USDT
Variational Omni STO
KuCoin STOUSDTM