Funding you earn now, next payment 04:00 UTC−0.3065%/8h= −335.6% APRnext payment −$15.33 per $10,000 · paid last 24h −1.080%
Price spread now: Bitget against Bybit+0.438%7-day average +0.092% · you sell dearer than you buy
Net, funding: paid 7d − costs−$730as in the Funding arb table
Net, price: spread back to 7d avg − costs−$567as in the Price arb table
costs, in and out, $10k−$6026.015% of the position
Funding, last 7 days−1.284%−$128 on $10k
+Price spread, last 4 days (all we have)−0.820%−$82 · spread now +0.438%, 7d avg +0.092%
=The price spread pays, funding is against you. Bitget is 0.346% dearer against Bybit than usual: you sell high and buy low (spread +0.438% now, against its 7-day average of +0.092%): +$35 on $10k if it goes back. Holding the pair costs −$92 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−1.284% in total) that is about 45 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -1.284% in total (about -66.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$15.33 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 TRUSTUSDT | 0.06163 | 0.3165 | pay 0.1583% / 4h | 1h 18m | $545K | $462K | 25x |
| Short | Bitget TRUSTUSDT | 0.06190 | 0.0100 | get 0.0050% / 4h | 1h 18m | $672K | $76K | 10x |
Bybit TRUSTUSDT
Bitget TRUSTUSDTFunding 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
- −$643.68
- Price spread: +0.438% → +0.092%
- $34.62
- Slippage, 4 orders
- −$578.5
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$1,210.56
- Costs to cover
- 6.015%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 37 min ago; Bitget: live order book, 42 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, 37 min ago | 3.25 bp | 76.6 bp −$77 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 42 min ago | 8.89 bp | 159.9 bp −$160 | 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 | 0.06186 | +0.373% | $114K | $302K | 10x | as long as short |
| Gate TRUST_USDT | +0.0100% | 8h | 0.06201 | +0.617% | $507K | $27K | 10x | as long as short |
| KuCoin TRUSTUSDTM | +0.0100% | 4h | 0.06176 | +0.211% | $300K | $739K | 10x | as long as short |
| Bitget TRUSTUSDTshort | +0.0100% | 4h | 0.06190 | +0.438% | $672K | $76K | 10x | |
| Binance TRUSTUSDT | +0.0298% | 4h | 0.06177 | +0.227% | $1.7M | $2.0M | 10x | as long as short |
| MEXC TRUST_USDT | +0.0306% | 4h | 0.06180 | +0.276% | $215K | $104K | 50x | as long as short |
| Aster TRUSTUSDT | +0.0374% | 4h | 0.06184 | +0.340% | $10K | $8K | 5x | as long as short |
| BingX TRUST-USDT | +0.2868% | 4h | 0.06178 | +0.243% | — | $6.5M | — | as long as short |
| Bybit TRUSTUSDTlong | +0.3165% | 4h | 0.06163 | long leg | $545K | $462K | 25x | |
| Variational Omni TRUST | +0.3510% | 4h | 0.06181 | +0.298% | $56K | $409 | — | as long as short |
OKX TRUST-USDT-SWAP
Gate TRUST_USDT
KuCoin TRUSTUSDTM
Binance TRUSTUSDT
MEXC TRUST_USDT
Aster TRUSTUSDT
BingX TRUST-USDT
Variational Omni TRUST