Funding you earn now, next payment 04:00 UTC−0.0562%/8h= −61.5% APRnext payment −$2.81 per $10,000 · paid last 24h −0.084%
Price spread now: Bitget against Bybit−0.193%7-day average −0.227% · you buy dearer than you sell
Net, funding: paid 7d − costs−$136as in the Funding arb table
Net, price: spread back to 7d avg − costs−$131as in the Price arb table
costs, in and out, $10k−$1341.340% of the position
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 4 days (all we have)−0.105%−$11 · spread now −0.193%, 7d avg −0.227%
=The price spread pays, funding is against you. Bitget is 0.034% dearer against Bybit than usual: you sell high and buy low (spread −0.193% now, against its 7-day average of −0.227%): +$3 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.018% in total) that is about 13 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.018% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.81 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 TUSDT | 0.005168 | 0.0100 | pay 0.0050% / 4h | 3h 21m | $1.6M | $1.7M | 25x |
| Short | Bitget TUSDT | 0.005158 | −0.0462 | pay 0.0231% / 4h | 3h 21m | $881K | $613K | 50x |
Bybit TUSDT
Bitget TUSDTFunding 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
- −$118.02
- Price spread: −0.193% → −0.227%
- $3.38
- Slippage, 4 orders
- −$111.01
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$248.65
- Costs to cover
- 1.340%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 49 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, 5 min ago | 2.90 bp | 36.8 bp −$37 | 283.9 bp −$2,839 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 49 min ago | 1.94 bp | 30.3 bp −$30 | 120.9 bp −$1,209 | 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 | −0.3801% | 1h | 0.005173 | +0.096% | $2K | $2K | 10x | as long as short |
| KuCoin TUSDTM | −0.0698% | 4h | 0.005176 | +0.155% | $1.4M | $83K | 12x | as long as short |
| MEXC T_USDT | −0.0674% | 4h | 0.005166 | −0.039% | $3.1M | $257K | 20x | as long as short |
| Binance TUSDT | −0.0662% | 4h | 0.005165 | −0.058% | $3.3M | $8.3M | 50x | as long as short |
| Variational Omni T | −0.0631% | 4h | 0.005168 | −0.007% | $8K | $9K | — | as long as short |
| Bitget TUSDTshort | −0.0462% | 4h | 0.005158 | −0.193% | $881K | $613K | 50x | |
| Gate T_USDT | −0.0082% | 4h | 0.005179 | +0.213% | $214K | $100K | 20x | as long as short |
| Bybit TUSDTlong | +0.0100% | 4h | 0.005168 | long leg | $1.6M | $1.7M | 25x |
Kraken Futures PF_TUSD
KuCoin TUSDTM
MEXC T_USDT
Binance TUSDT
Variational Omni T
Gate T_USDT