Funding you earn now, next payment 00:00 UTC+0.0126%/8h= +13.8% APRnext payment +$0.63 per $10,000 · paid last 24h −0.019%
Price spread now: Binance against Bitget+0.271%7-day average +0.135% · you sell dearer than you buy
Net, funding: paid 7d − costs−$131as in the Funding arb table
Net, price: spread back to 7d avg − costs−$83as in the Price arb table
costs, in and out, $10k−$970.965% of the position
Funding, last 7 days−0.349%−$35 on $10k
+Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.271%, 7d avg +0.135%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Binance is 0.136% dearer against Bitget than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.135%. Mind the row above: over the last 7 days funding on this pair cost −0.349%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TUSDT | 0.005157 | −0.0616 | get 0.0308% / 4h | 1h 56m | $887K | $771K | 50x |
| Short | Binance TUSDT | 0.005171 | −0.0490 | pay 0.0245% / 4h | 1h 56m | $3.2M | $10.2M | 50x |
Bitget TUSDT
Binance TUSDTFunding 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
- $26.46
- Price spread: +0.271% → +0.135%
- $13.6
- Slippage, 4 orders
- −$74.54
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$56.47
- Costs to cover
- 0.965%
- Break-even
- 21.9 days
Slippage from Bitget: live order book, 24 min ago; Binance: live order book, 13 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, 24 min ago | 1.94 bp | 29.3 bp −$29 | 131.2 bp −$1,312 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 0.97 bp | 18.2 bp −$18 | 41.4 bp −$414 | 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 | −0.4848% | 1h | 0.005152 | −0.101% | $2K | $2K | 10x | as long as short |
| Gate T_USDT | −0.1160% | 4h | 0.005162 | +0.097% | $214K | $119K | 20x | as long as short |
| Bybit TUSDT | −0.1141% | 4h | 0.005169 | +0.233% | $1.6M | $2.2M | 25x | as long as short |
| KuCoin TUSDTM | −0.0918% | 4h | 0.005161 | +0.078% | $1.3M | $109K | 12x | as long as short |
| Variational Omni T | −0.0909% | 4h | 0.005148 | −0.168% | $7K | $13K | — | as long as short |
| Bitget TUSDTlong | −0.0616% | 4h | 0.005157 | long leg | $887K | $771K | 50x | |
| Binance TUSDTshort | −0.0490% | 4h | 0.005171 | +0.271% | $3.2M | $10.2M | 50x | |
| MEXC T_USDT | −0.0486% | 4h | 0.005170 | +0.252% | $3.1M | $262K | 20x | as long as short |
Kraken Futures PF_TUSD
Gate T_USDT
Bybit TUSDT
KuCoin TUSDTM
Variational Omni T
MEXC T_USDT