Funding you earn now, next payment 08:00 UTC−0.1428%/8h= −156.4% APRnext payment −$7.14 per $10,000 · paid last 24h −0.253%
Price spread now: Bitget against Bybit+0.086%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$420as in the Funding arb table
Net, price: spread back to 7d avg − costs−$387as in the Price arb table
costs, in and out, $10k−$3923.915% of the position
Funding, last 7 days−0.286%−$29 on $10k
+Price spread, last 4 days (all we have)−0.076%−$8 · spread now +0.086%, 7d avg +0.035%
=The price spread pays, funding is against you. Bitget is 0.050% dearer against Bybit than usual: you sell high and buy low (spread +0.086% now, against its 7-day average of +0.035%): +$5 on $10k if it goes back. Holding the pair costs −$43 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.286% in total) that is about 30 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.286% in total (about -14.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$7.14 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 | Bybit THEUSDT | 0.08177 | 0.1528 | pay 0.0764% / 4h | 3h 33m | $552K | $450K | 20x |
| Short | Bitget THEUSDT | 0.08184 | 0.0100 | get 0.0050% / 4h | 3h 33m | $414K | $393K | 10x |
Bybit THEUSDT
Bitget THEUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- −$299.97
- Price spread: +0.086% → +0.035%
- $5.03
- Slippage, 4 orders
- −$368.54
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$686.48
- Costs to cover
- 3.915%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 11 min ago; Bitget: live order book, 12 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 Bybit live order book, 11 min ago | 6.70 bp | 165.3 bp −$165 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 12 min ago | 10.97 bp | 37.2 bp −$37 | 408.6 bp −$4,086 | 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 | 0.08190 | +0.159% | $66K | $76K | 10x | as long as short |
| KuCoin THEUSDTM | +0.0100% | 4h | 0.08184 | +0.086% | $113K | $108K | 10x | as long as short |
| Bitget THEUSDTshort | +0.0100% | 4h | 0.08184 | +0.086% | $414K | $393K | 10x | |
| Aster THEUSDT | +0.0308% | 4h | 0.08181 | +0.048% | $5K | $12K | 5x | as long as short |
| Binance THEUSDT | +0.0348% | 4h | 0.08188 | +0.135% | $2.2M | $4.8M | 10x | as long as short |
| MEXC THE_USDT | +0.0350% | 4h | 0.08188 | +0.135% | $198K | $145K | 50x | as long as short |
| BloFin THE-USDT | +0.0373% | 4h | 0.08186 | +0.110% | $142K | $5K | 50x | as long as short |
| Bybit THEUSDTlong | +0.1528% | 4h | 0.08177 | long leg | $552K | $450K | 20x | |
| BingX THE-USDT | +0.1754% | 4h | 0.08184 | +0.086% | — | $6.5M | — | as long as short |
Gate THE_USDT
KuCoin THEUSDTM
Aster THEUSDT
Binance THEUSDT
MEXC THE_USDT
BloFin THE-USDT
BingX THE-USDT