Funding you earn now, next payment 04:00 UTC−0.1058%/8h= −115.9% APRnext payment −$5.29 per $10,000 · paid last 24h +0.025%
Price spread now: Bitget against BingX−0.072%7-day average −0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$182as in the Funding arb table
Net, price: spread back to 7d avg − costs−$189as in the Price arb table
costs, in and out, $10k−$1841.844% of the position
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.072%, 7d avg −0.026%
=Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Bitget is 0.047% cheaper against BingX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.026%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.026% in total (about 1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.29 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 | BingX THE-USDT | 0.08297 | 0.1158 | pay 0.0579% / 4h | 1h 20m | — | $6.5M | — |
| Short | Bitget THEUSDT | 0.08291 | 0.0100 | get 0.0050% / 4h | 1h 20m | $437K | $365K | 10x |
BingX THE-USDT
Bitget THEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. 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
- −$222.18
- Price spread: −0.072% → −0.026%
- −$4.67
- Slippage, 4 orders
- −$162.43
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$411.28
- Costs to cover
- 1.844%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; Bitget: live order book, 35 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 BingX live order book, 5 min ago | 9.06 bp | 44.8 bp −$45 | 223.3 bp −$2,233 | 1123.3 bp −$112.3K | 1328.8 bp −$664.4K |
| Sell Bitget live order book, 35 min ago | 7.31 bp | 42.8 bp −$43 | 495.1 bp −$4,951 | doesn't fit | doesn't fit |
THE on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Gate THE_USDT | +0.0100% | 4h | 0.08310 | +0.157% | $67K | $77K | 10x | as long as short |
| Bitget THEUSDTshort | +0.0100% | 4h | 0.08291 | −0.072% | $437K | $365K | 10x | |
| KuCoin THEUSDTM | +0.0184% | 4h | 0.08291 | −0.072% | $121K | $105K | 10x | as long as short |
| Aster THEUSDT | +0.0567% | 4h | 0.08285 | −0.146% | $4K | $11K | 5x | as long as short |
| Binance THEUSDT | +0.0590% | 4h | 0.08296 | −0.016% | $2.2M | $4.6M | 10x | as long as short |
| MEXC THE_USDT | +0.0590% | 4h | 0.08296 | −0.012% | $195K | $142K | 50x | as long as short |
| BloFin THE-USDT | +0.0596% | 4h | 0.08309 | +0.145% | $144K | $5K | 50x | as long as short |
| BingX THE-USDTlong | +0.1158% | 4h | 0.08297 | long leg | — | $6.5M | — | |
| Bybit THEUSDT | +0.1234% | 4h | 0.08289 | −0.096% | $561K | $432K | 20x | as long as short |
Gate THE_USDT
KuCoin THEUSDTM
Aster THEUSDT
Binance THEUSDT
MEXC THE_USDT
BloFin THE-USDT
Bybit THEUSDT