Funding you earn now, next payment 00:00 UTC+0.0242%/8h= +26.5% APRnext payment +$1.21 per $10,000 · paid last 24h −0.022%
Price spread now: Bitget against Bybit+0.196%7-day average +0.077% · you sell dearer than you buy
Net, funding: paid 7d − costs−$2,501as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2,507as in the Price arb table
costs, in and out, $10k−$2,51925.188% of the position
Funding, last 7 days+0.179%+$18 on $10k
+Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.196%, 7d avg +0.077%
=Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Bitget is 0.119% dearer against Bybit than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.077%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TOWNSUSDT | 0.002041 | 0.0364 | pay 0.0182% / 4h | 9m 08s | $368K | $113K | 5x |
| Short | Bitget TOWNSUSDT | 0.002045 | 0.0606 | get 0.0303% / 4h | 9m 08s | $336K | $48K | 5x |
Bybit TOWNSUSDT
Bitget TOWNSUSDTFunding 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
- $50.73
- Price spread: +0.196% → +0.077%
- $11.92
- Slippage, 4 orders
- −$2,495.8
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$2,456.15
- Costs to cover
- 25.188%
- Break-even
- 345.9 days
Slippage from Bybit: live order book, 60 min ago; Bitget: live order book, 61 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, 60 min ago | 7.36 bp | 1800.5 bp −$1,801 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 61 min ago | 9.77 bp | 38.1 bp −$38 | 374.9 bp −$3,749 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Coinbase International TOWNS-PERP-INTX | −0.0648% | 1h | 0.002031 | −0.490% | $76K | $4K | 25x | as long as short |
| Aster TOWNSUSDT | +0.0100% | 4h | 0.002040 | −0.048% | $10K | $6K | 5x | as long as short |
| Gate TOWNS_USDT | +0.0100% | 4h | 0.002045 | +0.196% | $70K | $19K | 10x | as long as short |
| MEXC TOWNS_USDT | +0.0100% | 4h | 0.002043 | +0.098% | $392K | $127K | 100x | as long as short |
| Variational Omni TOWNS | +0.0100% | 4h | 0.002043 | +0.108% | $456 | $286 | — | as long as short |
| Binance TOWNSUSDT | +0.0112% | 4h | 0.002044 | +0.169% | $2.0M | $1.3M | 10x | as long as short |
| BloFin TOWNS-USDT | +0.0148% | 4h | 0.002043 | +0.098% | $131K | $4K | 10x | as long as short |
| Bybit TOWNSUSDTlong | +0.0364% | 4h | 0.002041 | long leg | $368K | $113K | 5x | |
| BingX TOWNS-USDT | +0.0478% | 4h | 0.002043 | +0.098% | — | $2.3M | — | as long as short |
| Bitget TOWNSUSDTshort | +0.0606% | 4h | 0.002045 | +0.196% | $336K | $48K | 5x |
Coinbase International TOWNS-PERP-INTX
Aster TOWNSUSDT
Gate TOWNS_USDT
MEXC TOWNS_USDT
Variational Omni TOWNS
Binance TOWNSUSDT
BloFin TOWNS-USDT
BingX TOWNS-USDTShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TOWNSUSDTM | +0.0738% | 4h | 0.002045 | +0.196% | $259K | $24K | 10x | as long as short |
| Deribit TOWNS_USDC-PERPETUAL | +0.3176% | 1h | 0.002050 | +0.441% | — | — | 25x | as long as short |
KuCoin TOWNSUSDTM
Deribit TOWNS_USDC-PERPETUAL