Funding you earn now, next payment 12:00 UTC−0.0033%/8h= −3.6% APRnext payment −$0.17 per $10,000 · paid last 24h −0.030%
Price spread now: Bitget against Binance+0.054%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$205as in the Funding arb table
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$1901.896% of the position
Funding, last 7 days−0.152%−$15 on $10k
+Price spread, last 7 days+0.027%+$3 · spread now +0.054%, 7d avg +0.020%
=The price spread pays, funding is against you. Bitget is 0.034% dearer against Binance than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of +0.020%): +$3 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.4 days. At the pace of the last 7 days (−0.152% in total) that is about 37 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance USUSDT | 0.01549 | 0.0133 | pay 0.0067% / 4h | 3h 23m | $8.7M | $3.6M | 10x |
| Short | Bitget USUSDT | 0.01550 | 0.0100 | get 0.0050% / 4h | 3h 23m | $4.1M | $301K | 10x |
Binance USUSDT
Bitget USUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$6.95
- Price spread: +0.054% → +0.020%
- $3.37
- Slippage, 4 orders
- −$167.56
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$193.15
- Costs to cover
- 1.896%
- Break-even
- never at this rate
Slippage from Binance: live order book, 1 min ago; Bitget: live order book, 5 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 Binance live order book, 1 min ago | 2.60 bp | 51.8 bp −$52 | 320.3 bp −$3,203 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 5 min ago | 15.82 bp | 37.1 bp −$37 | 156.9 bp −$1,569 | doesn't fit | doesn't fit |
US on 11 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USUSDTM | −0.2518% | 4h | 0.01537 | −0.772% | $3.5M | $548K | 20x | as long as short |
| Aster USUSDT | +0.0100% | 4h | 0.01542 | −0.488% | $14K | $52K | 5x | as long as short |
| Bybit USUSDT | +0.0100% | 4h | 0.01550 | +0.041% | $3.1M | $1.0M | 20x | as long as short |
| Gate US_USDT | +0.0100% | 4h | 0.01545 | −0.282% | $1.9M | $680K | 20x | as long as short |
| Bitget USUSDTshort | +0.0100% | 4h | 0.01550 | +0.054% | $4.1M | $301K | 10x | |
| Variational Omni US | +0.0100% | 4h | 0.01540 | −0.624% | $15K | $4K | — | as long as short |
| MEXC US_USDT | +0.0132% | 4h | 0.01549 | −0.017% | $5.2M | $120K | 100x | as long as short |
| BingX US-USDT | +0.0132% | 4h | 0.01550 | +0.041% | — | $1.3M | — | as long as short |
| Binance USUSDTlong | +0.0133% | 4h | 0.01549 | long leg | $8.7M | $3.6M | 10x | |
| Extended US-USD | +0.0136% | 1h | 0.01549 | −0.029% | $4K | $205K | 5x | as long as short |
KuCoin USUSDTM
Aster USUSDT
Bybit USUSDT
Gate US_USDT
Variational Omni US
MEXC US_USDT
BingX US-USDT
Extended US-USDShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin US-USDT | +0.0165% | 4h | 0.01541 | −0.566% | $465K | $46K | 10x | as long as short |
BloFin US-USDT