Funding you earn now, next payment 04:00 UTC−0.0256%/8h= −28.0% APRnext payment −$1.28 per $10,000 · paid last 24h +0.001%
Price spread now: Bitget against Bybit−0.119%7-day average −0.063% · you buy dearer than you sell
Net, funding: paid 7d − costs−$221as in the Funding arb table
Net, price: spread back to 7d avg − costs−$221as in the Price arb table
costs, in and out, $10k−$2152.155% of the position
Funding, last 7 days−0.054%−$5 on $10k
+Price spread, last 4 days (all we have)−0.030%−$3 · spread now −0.119%, 7d avg −0.063%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bitget is 0.056% cheaper against Bybit than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.063%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.054% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.28 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 | Bybit STOUSDT | 0.04204 | 0.0356 | pay 0.0178% / 4h | 30m 00s | $718K | $268K | 13x |
| Short | Bitget STOUSDT | 0.04199 | 0.0100 | get 0.0050% / 4h | 30m 00s | $322K | $27K | 10x |
Bybit STOUSDT
Bitget STOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- −$53.79
- Price spread: −0.119% → −0.063%
- −$5.58
- Slippage, 4 orders
- −$192.49
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$274.86
- Costs to cover
- 2.155%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 25 min ago; Bitget: live order book, 20 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 Bybit live order book, 25 min ago | 5.97 bp | 45.1 bp −$45 | 180.8 bp −$1,808 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 20 min ago | 4.80 bp | 71.2 bp −$71 | 669.3 bp −$6,693 | 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 | −0.281% | $26K | $1K | 5x | as long as short |
| Binance STOUSDT | +0.0100% | 4h | 0.04196 | −0.187% | $3.4M | $1.4M | 20x | as long as short |
| Gate STO_USDT | +0.0100% | 4h | 0.04187 | −0.404% | $252K | $116K | 25x | as long as short |
| MEXC STO_USDT | +0.0100% | 4h | 0.04196 | −0.190% | $778K | $102K | 50x | as long as short |
| Bitget STOUSDTshort | +0.0100% | 4h | 0.04199 | −0.119% | $322K | $27K | 10x | |
| BingX STO-USDT | +0.0252% | 4h | 0.04198 | −0.143% | — | $6.5M | — | as long as short |
| Bybit STOUSDTlong | +0.0356% | 4h | 0.04204 | long leg | $718K | $268K | 13x | |
| Variational Omni STO | +0.0416% | 4h | 0.04198 | −0.136% | $4K | $213 | — | as long as short |
| KuCoin STOUSDTM | +0.0830% | 4h | 0.04195 | −0.214% | $997K | $17K | 25x | as long as short |
Aster STOUSDT
Binance STOUSDT
Gate STO_USDT
MEXC STO_USDT
BingX STO-USDT
Variational Omni STO
KuCoin STOUSDTM