Funding you earn now, next payment 04:00 UTC−0.0391%/8h= −42.9% APRnext payment −$1.96 per $10,000 · paid last 24h −0.019%
Price spread now: Bitget against Binance+0.010%7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$185as in the Funding arb table
Net, price: spread back to 7d avg − costs−$173as in the Price arb table
costs, in and out, $10k−$1791.788% of the position
Funding, last 7 days−0.066%−$7 on $10k
+Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.010%, 7d avg −0.045%
=The price spread pays, funding is against you. Bitget is 0.055% dearer against Binance than usual: you sell high and buy low (spread +0.010% now, against its 7-day average of −0.045%): +$6 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.066% in total) that is about 5.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.066% in total (about -3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.96 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 | Binance THEUSDT | 0.08245 | 0.0491 | pay 0.0246% / 4h | 2h 09m | $2.2M | $4.5M | 10x |
| Short | Bitget THEUSDT | 0.08246 | 0.0100 | get 0.0050% / 4h | 2h 09m | $414K | $358K | 10x |
Binance THEUSDT
Bitget THEUSDTFunding 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
- −$82.21
- Price spread: +0.010% → −0.045%
- $5.52
- Slippage, 4 orders
- −$156.83
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$255.52
- Costs to cover
- 1.788%
- Break-even
- never at this rate
Slippage from Binance: live order book, 12 min ago; Bitget: live order book, 51 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, 12 min ago | 1.84 bp | 35.6 bp −$36 | 294.0 bp −$2,940 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 51 min ago | 11.31 bp | 31.2 bp −$31 | 425.4 bp −$4,254 | doesn't fit | doesn't fit |
THE 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget THEUSDTshort | +0.0100% | 4h | 0.08246 | +0.010% | $414K | $358K | 10x | |
| Gate THE_USDT | +0.0162% | 4h | 0.08250 | +0.058% | $67K | $76K | 10x | as long as short |
| KuCoin THEUSDTM | +0.0452% | 4h | 0.08240 | −0.063% | $124K | $103K | 10x | as long as short |
| Aster THEUSDT | +0.0453% | 4h | 0.08251 | +0.067% | $4K | $9K | 5x | as long as short |
| MEXC THE_USDT | +0.0488% | 4h | 0.08245 | −0.002% | $185K | $141K | 50x | as long as short |
| Binance THEUSDTlong | +0.0491% | 4h | 0.08245 | long leg | $2.2M | $4.5M | 10x | |
| Bybit THEUSDT | +0.1388% | 4h | 0.08239 | −0.075% | $564K | $415K | 20x | as long as short |
| BingX THE-USDT | +0.1428% | 4h | 0.08247 | +0.022% | — | $6.5M | — | as long as short |
Gate THE_USDT
KuCoin THEUSDTM
Aster THEUSDT
MEXC THE_USDT
Bybit THEUSDT
BingX THE-USDT