Funding you earn now, next payment 04:00 UTC+0.0485%/8h= +53.2% APRnext payment +$2.43 per $10,000 · paid last 24h +0.019%
Price spread now: Binance against Bitget+0.049%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$171as in the Funding arb table
Net, price: spread back to 7d avg − costs−$178as in the Price arb table
costs, in and out, $10k−$1781.780% of the position
Funding, last 7 days+0.066%+$7 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.049%, 7d avg +0.045%
=The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate.
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 +$2.43 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 | Bitget THEUSDT | 0.08296 | 0.0100 | pay 0.0050% / 4h | 1h 19m | $437K | $365K | 10x |
| Short | Binance THEUSDT | 0.08300 | 0.0585 | get 0.0293% / 4h | 1h 19m | $2.2M | $4.6M | 10x |
Bitget THEUSDT
Binance THEUSDTFunding 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
- $101.95
- Price spread: +0.049% → +0.045%
- $0.4
- Slippage, 4 orders
- −$155.97
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$75.61
- Costs to cover
- 1.780%
- Break-even
- 12.2 days
Slippage from Bitget: live order book, 36 min ago; Binance: live order book, 3 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, 36 min ago | 7.31 bp | 64.6 bp −$65 | 573.8 bp −$5,738 | doesn't fit | doesn't fit |
| Sell Binance live order book, 3 min ago | 3.01 bp | 31.6 bp −$32 | 213.5 bp −$2,135 | 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 | 0.08300 | +0.048% | $67K | $77K | 10x | as long as short |
| Bitget THEUSDTlong | +0.0100% | 4h | 0.08296 | long leg | $437K | $365K | 10x | |
| KuCoin THEUSDTM | +0.0182% | 4h | 0.08279 | −0.205% | $121K | $105K | 10x | as long as short |
| Aster THEUSDT | +0.0559% | 4h | 0.08281 | −0.181% | $4K | $11K | 5x | as long as short |
| Binance THEUSDTshort | +0.0585% | 4h | 0.08300 | +0.049% | $2.2M | $4.6M | 10x | |
| MEXC THE_USDT | +0.0588% | 4h | 0.08298 | +0.024% | $195K | $142K | 50x | as long as short |
| BloFin THE-USDT | +0.0613% | 4h | 0.08304 | +0.096% | $144K | $5K | 50x | as long as short |
| BingX THE-USDT | +0.1158% | 4h | 0.08275 | −0.253% | — | $6.5M | — | as long as short |
| Bybit THEUSDT | +0.1308% | 4h | 0.08282 | −0.169% | $559K | $433K | 20x | as long as short |
Gate THE_USDT
KuCoin THEUSDTM
Aster THEUSDT
MEXC THE_USDT
BloFin THE-USDT
BingX THE-USDT
Bybit THEUSDT