Funding you earn now, next payment 08:00 UTC+0.0126%/8h= +13.8% APRnext payment +$0.63 per $10,000 · paid last 24h +0.065%
Price spread now: Bybit against Bitget+0.135%7-day average +0.219% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs−$132as in the Price arb table
costs, in and out, $10k−$1231.233% of the position
Funding, last 7 days+0.606%+$61 on $10k
+Price spread, last 4 days (all we have)+0.113%+$11 · spread now +0.135%, 7d avg +0.219%
=Funding pays, the price is against you. Bybit is 0.084% cheaper against Bitget than usual: you would sell low and buy high (spread +0.135% now, against its 7-day average of +0.219%). If the spread goes back, that is −$8 on $10k: about 2.2 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.606% in total) that is about 23 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TUSDT | 0.005176 | −0.0026 | get 0.0013% / 4h | 3h 09m | $889K | $504K | 50x |
| Short | Bybit TUSDT | 0.005183 | 0.0100 | get 0.0050% / 4h | 3h 09m | $1.5M | $1.4M | 25x |
Bitget TUSDT
Bybit TUSDTFunding 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
- $26.46
- Price spread: +0.135% → +0.219%
- −$8.38
- Slippage, 4 orders
- −$100.27
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$105.19
- Costs to cover
- 1.233%
- Break-even
- 34.8 days
Slippage from Bitget: live order book, 42 min ago; Bybit: live order book, 2 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, 42 min ago | 1.93 bp | 40.1 bp −$40 | 175.5 bp −$1,755 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.89 bp | 33.9 bp −$34 | 282.4 bp −$2,824 | 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 | −0.2808% | 1h | 0.005192 | +0.312% | $4K | $4K | 10x | as long as short |
| Gate T_USDT | −0.0272% | 4h | 0.005194 | +0.348% | $215K | $84K | 20x | as long as short |
| Variational Omni T | −0.0047% | 4h | 0.005187 | +0.204% | $7K | $6K | — | as long as short |
| Bitget TUSDTlong | −0.0026% | 4h | 0.005176 | long leg | $889K | $504K | 50x | |
| Binance TUSDT | +0.0100% | 4h | 0.005184 | +0.155% | $3.2M | $6.9M | 50x | as long as short |
| Bybit TUSDTshort | +0.0100% | 4h | 0.005183 | +0.135% | $1.5M | $1.4M | 25x | |
| MEXC T_USDT | +0.0100% | 4h | 0.005180 | +0.077% | $3.1M | $223K | 20x | as long as short |
| KuCoin TUSDTM | +0.0100% | 4h | 0.005191 | +0.290% | $1.3M | $83K | 12x | as long as short |
Kraken Futures PF_TUSD
Gate T_USDT
Variational Omni T
Binance TUSDT
MEXC T_USDT
KuCoin TUSDTM