Funding you earn now, next payment 04:00 UTC−0.0360%/8h= −39.4% APRnext payment −$1.80 per $10,000 · paid last 24h +0.007%
Price spread now: Bybit against Bitget+0.097%7-day average −0.075% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,074as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,038as in the Price arb table
costs, in and out, $10k−$2,05520.552% of the position
Funding, last 7 days−0.188%−$19 on $10k
+Price spread, last 4 days (all we have)−0.595%−$60 · spread now +0.097%, 7d avg −0.075%
=The price spread pays, funding is against you. Bybit is 0.172% dearer against Bitget than usual: you sell high and buy low (spread +0.097% now, against its 7-day average of −0.075%): +$17 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 7 days (−0.188% in total) that is about 6.4 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.188% in total (about -9.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.80 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 TOWNSUSDT | 0.002071 | 0.0460 | pay 0.0230% / 4h | 1h 44m | $338K | $47K | 5x |
| Short | Bybit TOWNSUSDT | 0.002073 | 0.0100 | get 0.0050% / 4h | 1h 44m | $374K | $114K | 5x |
Bitget TOWNSUSDT
Bybit TOWNSUSDTFunding 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
- −$75.6
- Price spread: +0.097% → −0.075%
- $17.18
- Slippage, 4 orders
- −$2,032.15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$2,113.58
- Costs to cover
- 20.552%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 11 min ago; Bybit: 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, 11 min ago | 9.66 bp | 35.9 bp −$36 | 688.1 bp −$6,881 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 10 min ago | 9.67 bp | 712.2 bp −$712 | doesn't fit | doesn't fit | doesn't fit |
TOWNS on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster TOWNSUSDT | +0.0100% | 4h | 0.002072 | +0.049% | $10K | $6K | 5x | as long as short |
| Bybit TOWNSUSDTshort | +0.0100% | 4h | 0.002073 | +0.097% | $374K | $114K | 5x | |
| Gate TOWNS_USDT | +0.0100% | 4h | 0.002071 | 0.000% | $71K | $19K | 10x | as long as short |
| Variational Omni TOWNS | +0.0100% | 4h | 0.002068 | −0.138% | $193 | $555 | — | as long as short |
| BloFin TOWNS-USDT | +0.0155% | 4h | 0.002069 | −0.097% | $132K | $5K | 10x | as long as short |
| MEXC TOWNS_USDT | +0.0188% | 4h | 0.002072 | +0.048% | $401K | $121K | 100x | as long as short |
| Binance TOWNSUSDT | +0.0190% | 4h | 0.002072 | +0.048% | $2.0M | $1.3M | 10x | as long as short |
| KuCoin TOWNSUSDTM | +0.0414% | 4h | 0.002073 | +0.097% | $247K | $30K | 10x | as long as short |
| BingX TOWNS-USDT | +0.0426% | 4h | 0.002074 | +0.145% | — | $2.3M | — | as long as short |
| Bitget TOWNSUSDTlong | +0.0460% | 4h | 0.002071 | long leg | $338K | $47K | 5x |
Aster TOWNSUSDT
Gate TOWNS_USDT
Variational Omni TOWNS
BloFin TOWNS-USDT
MEXC TOWNS_USDT
Binance TOWNSUSDT
KuCoin TOWNSUSDTM
BingX TOWNS-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TOWNS-PERP-INTX | +0.1192% | 1h | 0.002074 | +0.145% | $77K | $4K | 25x | as long as short |
| Deribit TOWNS_USDC-PERPETUAL | +0.3617% | 1h | 0.002077 | +0.290% | — | — | 25x | as long as short |
Coinbase International TOWNS-PERP-INTX
Deribit TOWNS_USDC-PERPETUAL