Funding you earn now, next payment 04:00 UTC+0.1332%/8h= +145.8% APRnext payment +$6.66 per $10,000 · paid last 24h +0.221%
Price spread now: Bybit against Bitget−0.024%7-day average −0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$407as in the Funding arb table
Net, price: spread back to 7d avg − costs−$432as in the Price arb table
costs, in and out, $10k−$4334.326% of the position
Funding, last 7 days+0.254%+$25 on $10k
+Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.024%, 7d avg −0.034%
=The price spread sits at its 7-day average of −0.034%, 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 0.254% in total (about 13.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.66 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 | 0.08259 | 0.0100 | pay 0.0050% / 4h | 2h 11m | $414K | $358K | 10x |
| Short | Bybit THEUSDT | 0.08257 | 0.1432 | get 0.0716% / 4h | 2h 11m | $566K | $415K | 20x |
Bitget THEUSDT
Bybit THEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $279.67
- Price spread: −0.024% → −0.034%
- $0.96
- Slippage, 4 orders
- −$409.58
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$151.94
- Costs to cover
- 4.326%
- Break-even
- 10.8 days
Slippage from Bitget: live order book, 49 min ago; Bybit: 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 Bitget live order book, 49 min ago | 11.31 bp | 65.8 bp −$66 | 750.2 bp −$7,502 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 49 min ago | 5.65 bp | 172.7 bp −$173 | doesn't fit | 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 THEUSDTlong | +0.0100% | 4h | 0.08259 | long leg | $414K | $358K | 10x | |
| Gate THE_USDT | +0.0168% | 4h | 0.08250 | −0.109% | $67K | $76K | 10x | as long as short |
| Aster THEUSDT | +0.0447% | 4h | 0.08256 | −0.032% | $4K | $9K | 5x | as long as short |
| KuCoin THEUSDTM | +0.0458% | 4h | 0.08241 | −0.218% | $124K | $103K | 10x | as long as short |
| MEXC THE_USDT | +0.0488% | 4h | 0.08265 | +0.073% | $186K | $141K | 50x | as long as short |
| Binance THEUSDT | +0.0489% | 4h | 0.08271 | +0.145% | $2.2M | $4.5M | 10x | as long as short |
| BingX THE-USDT | +0.1428% | 4h | 0.08257 | −0.024% | — | $6.5M | — | as long as short |
| Bybit THEUSDTshort | +0.1432% | 4h | 0.08257 | −0.024% | $566K | $415K | 20x |
Gate THE_USDT
Aster THEUSDT
KuCoin THEUSDTM
MEXC THE_USDT
Binance THEUSDT
BingX THE-USDT