Funding you earn now, next payment 04:00 UTC+0.1328%/8h= +145.4% APRnext payment +$6.64 per $10,000 · paid last 24h −0.025%
Price spread now: BingX against Bitget+0.024%7-day average +0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$184as in the Funding arb table
Net, price: spread back to 7d avg − costs−$182as in the Price arb table
costs, in and out, $10k−$1821.817% of the position
Funding, last 7 days−0.027%−$3 on $10k
+Price spread, last 4 days (all we have)+0.016%+$2 · spread now +0.024%, 7d avg +0.026%
=The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: +$40 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 -0.027% in total (about -1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.64 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 | 0.08245 | 0.0100 | pay 0.0050% / 4h | 2h 10m | $414K | $358K | 10x |
| Short | BingX THE-USDT | 0.08247 | 0.1428 | get 0.0714% / 4h | 2h 10m | — | $6.5M | — |
Bitget THEUSDT
BingX THE-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX 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
- $278.88
- Price spread: +0.024% → +0.026%
- −$0.15
- Slippage, 4 orders
- −$159.66
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $97.07
- Costs to cover
- 1.817%
- Break-even
- 4.6 days
Slippage from Bitget: live order book, 50 min ago; BingX: live order book, 10 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, 50 min ago | 11.31 bp | 65.8 bp −$66 | 750.2 bp −$7,502 | doesn't fit | doesn't fit |
| Sell BingX live order book, 10 min ago | 7.90 bp | 44.4 bp −$44 | 217.4 bp −$2,174 | 939.9 bp −$94.0K | 1252.8 bp −$626.4K |
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 THEUSDTlong | +0.0100% | 4h | 0.08245 | long leg | $414K | $358K | 10x | |
| Gate THE_USDT | +0.0162% | 4h | 0.08260 | +0.182% | $68K | $76K | 10x | as long as short |
| KuCoin THEUSDTM | +0.0452% | 4h | 0.08250 | +0.061% | $124K | $103K | 10x | as long as short |
| Aster THEUSDT | +0.0453% | 4h | 0.08258 | +0.154% | $4K | $9K | 5x | as long as short |
| MEXC THE_USDT | +0.0488% | 4h | 0.08257 | +0.146% | $186K | $141K | 50x | as long as short |
| Binance THEUSDT | +0.0491% | 4h | 0.08250 | +0.057% | $2.2M | $4.5M | 10x | as long as short |
| Bybit THEUSDT | +0.1388% | 4h | 0.08239 | −0.073% | $564K | $415K | 20x | as long as short |
| BingX THE-USDTshort | +0.1428% | 4h | 0.08247 | +0.024% | — | $6.5M | — |
Gate THE_USDT
KuCoin THEUSDTM
Aster THEUSDT
MEXC THE_USDT
Binance THEUSDT
Bybit THEUSDT