Funding you earn now, next payment 04:00 UTC+0.2753%/8h= +301.4% APRnext payment +$13.76 per $10,000 · paid last 24h +1.081%
Price spread now: Bybit against Bitget−0.566%7-day average −0.088% · you buy dearer than you sell
Net, funding: paid 7d − costs−$519as in the Funding arb table
Net, price: spread back to 7d avg − costs−$695as in the Price arb table
costs, in and out, $10k−$6476.471% of the position
Funding, last 7 days+1.285%+$129 on $10k
+Price spread, last 4 days (all we have)+0.727%+$73 · spread now −0.566%, 7d avg −0.088%
=Funding pays, the price is against you. Bybit is 0.478% cheaper against Bitget than usual: you would sell low and buy high (spread −0.566% now, against its 7-day average of −0.088%). If the spread goes back, that is −$48 on $10k: about 14 hours of funding at the current rate (+$83 a day). At the pace of the last 7 days (+1.285% in total) that is about 2.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 1.285% in total (about 67.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$13.76 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 TRUSTUSDT | 0.06187 | 0.0100 | pay 0.0050% / 4h | 2h 11m | $664K | $71K | 10x |
| Short | Bybit TRUSTUSDT | 0.06152 | 0.2853 | get 0.1426% / 4h | 2h 11m | $532K | $449K | 25x |
Bitget TRUSTUSDT
Bybit TRUSTUSDTFunding 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
- $578.08
- Price spread: −0.566% → −0.088%
- −$47.81
- Slippage, 4 orders
- −$624.1
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$116.83
- Costs to cover
- 6.471%
- Break-even
- 8.4 days
Slippage from Bitget: live order book, 54 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, 54 min ago | 12.26 bp | 299.2 bp −$299 | 9640.4 bp −$96.4K | doesn't fit | doesn't fit |
| Sell Bybit live order book, 49 min ago | 3.29 bp | 65.2 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
TRUST on 10 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX TRUST-USDT-SWAP | +0.0100% | 4h | 0.06171 | −0.259% | $117K | $289K | 10x | as long as short |
| Gate TRUST_USDT | +0.0100% | 8h | 0.06213 | +0.420% | $508K | $29K | 10x | as long as short |
| KuCoin TRUSTUSDTM | +0.0100% | 4h | 0.06184 | −0.048% | $294K | $732K | 10x | as long as short |
| Bitget TRUSTUSDTlong | +0.0100% | 4h | 0.06187 | long leg | $664K | $71K | 10x | |
| MEXC TRUST_USDT | +0.0544% | 4h | 0.06180 | −0.113% | $215K | $104K | 50x | as long as short |
| Binance TRUSTUSDT | +0.0546% | 4h | 0.06178 | −0.153% | $1.7M | $1.8M | 10x | as long as short |
| Aster TRUSTUSDT | +0.0672% | 4h | 0.06184 | −0.056% | $10K | $7K | 5x | as long as short |
| Bybit TRUSTUSDTshort | +0.2853% | 4h | 0.06152 | −0.566% | $532K | $449K | 25x | |
| BingX TRUST-USDT | +0.2890% | 4h | 0.06174 | −0.210% | — | $6.5M | — | as long as short |
| Variational Omni TRUST | +0.3637% | 4h | 0.06179 | −0.132% | $56K | $409 | — | as long as short |
OKX TRUST-USDT-SWAP
Gate TRUST_USDT
KuCoin TRUSTUSDTM
MEXC TRUST_USDT
Binance TRUSTUSDT
Aster TRUSTUSDT
BingX TRUST-USDT
Variational Omni TRUST