Funding you earn now, next payment 00:00 UTC−0.0082%/8h= −9.0% APRnext payment −$0.41 per $10,000 · paid last 24h +0.019%
Price spread now: Bitget against Binance−0.116%7-day average −0.134% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$77as in the Price arb table
costs, in and out, $10k−$790.792% of the position
Funding, last 7 days+0.362%+$36 on $10k
+Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.116%, 7d avg −0.134%
=The price spread sits at its 7-day average of −0.134%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.362%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance TUSDT | 0.005182 | −0.0688 | get 0.0344% / 4h | 1h 01m | $3.3M | $10.1M | 50x |
| Short | Bitget TUSDT | 0.005176 | −0.0770 | pay 0.0385% / 4h | 1h 01m | $888K | $759K | 50x |
Binance TUSDT
Bitget TUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$17.24
- Price spread: −0.116% → −0.134%
- $1.83
- Slippage, 4 orders
- −$57.16
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$94.58
- Costs to cover
- 0.792%
- Break-even
- never at this rate
Slippage from Binance: live order book, 9 min ago; Bitget: live order book, 15 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 Binance live order book, 9 min ago | 0.96 bp | 14.3 bp −$14 | 34.4 bp −$344 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 15 min ago | 2.90 bp | 30.3 bp −$30 | 114.8 bp −$1,148 | doesn't fit | doesn't fit |
T 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TUSD | −0.4825% | 1h | 0.005177 | −0.105% | $2K | $2K | 10x | as long as short |
| Variational Omni T | −0.1015% | 4h | 0.005186 | +0.073% | $7K | $13K | — | as long as short |
| Gate T_USDT | −0.0992% | 4h | 0.005183 | +0.019% | $215K | $120K | 20x | as long as short |
| KuCoin TUSDTM | −0.0988% | 4h | 0.005178 | −0.077% | $1.4M | $108K | 12x | as long as short |
| Bybit TUSDT | −0.0987% | 4h | 0.005182 | 0.000% | $1.6M | $2.2M | 25x | as long as short |
| Bitget TUSDTshort | −0.0770% | 4h | 0.005176 | −0.116% | $888K | $759K | 50x | |
| Binance TUSDTlong | −0.0688% | 4h | 0.005182 | long leg | $3.3M | $10.1M | 50x | |
| MEXC T_USDT | −0.0686% | 4h | 0.005179 | −0.058% | $3.1M | $266K | 20x | as long as short |
Kraken Futures PF_TUSD
Variational Omni T
Gate T_USDT
KuCoin TUSDTM
Bybit TUSDT
MEXC T_USDT