Funding you earn now, next payment 08:00 UTC+0.0224%/8h= +24.5% APRnext payment +$1.12 per $10,000 · paid last 24h +0.028%
Price spread now: Binance against Bitget−0.089%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1291.291% of the position
Funding, last 7 days+0.164%+$16 on $10k
+Price spread, last 7 days+0.083%+$8 · spread now −0.089%, 7d avg −0.018%
=Funding pays, the price is against you. Binance is 0.070% cheaper against Bitget than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of −0.018%). If the spread goes back, that is −$7 on $10k: about 25 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.164% in total) that is about 3.0 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget USUSDT | 0.01633 | 0.0100 | pay 0.0050% / 4h | 43m 38s | $4.3M | $257K | 10x |
| Short | Binance USUSDT | 0.01632 | 0.0324 | get 0.0162% / 4h | 43m 38s | $9.1M | $3.3M | 10x |
Bitget USUSDT
Binance USUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance 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
- $47.02
- Price spread: −0.089% → −0.018%
- −$7.04
- Slippage, 4 orders
- −$107.1
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$89.12
- Costs to cover
- 1.291%
- Break-even
- 20.3 days
Slippage from Bitget: live order book, 4 min ago; Binance: live order book, 11 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, 4 min ago | 14.70 bp | 46.4 bp −$46 | 450.7 bp −$4,507 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 2.76 bp | 14.1 bp −$14 | 135.0 bp −$1,350 | 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 | −0.0400% | 4h | 0.01622 | −0.686% | $3.9M | $449K | 20x | as long as short |
| Bybit USUSDT | +0.0100% | 4h | 0.01632 | −0.080% | $3.2M | $935K | 20x | as long as short |
| Gate US_USDT | +0.0100% | 4h | 0.01629 | −0.269% | $2.1M | $612K | 20x | as long as short |
| Bitget USUSDTlong | +0.0100% | 4h | 0.01633 | long leg | $4.3M | $257K | 10x | |
| Variational Omni US | +0.0100% | 4h | 0.01633 | −0.038% | $16K | $4K | — | as long as short |
| Aster USUSDT | +0.0126% | 4h | 0.01630 | −0.190% | $12K | $50K | 5x | as long as short |
| BingX US-USDT | +0.0318% | 4h | 0.01632 | −0.104% | — | $1.3M | — | as long as short |
| Extended US-USD | +0.0320% | 1h | 0.01631 | −0.138% | $3K | $168K | 5x | as long as short |
| MEXC US_USDT | +0.0322% | 4h | 0.01632 | −0.098% | $5.5M | $114K | 100x | as long as short |
| Binance USUSDTshort | +0.0324% | 4h | 0.01632 | −0.089% | $9.1M | $3.3M | 10x |
KuCoin USUSDTM
Bybit USUSDT
Gate US_USDT
Variational Omni US
Aster USUSDT
BingX US-USDT
Extended US-USD
MEXC US_USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BloFin US-USDT | +0.0352% | 4h | 0.01631 | −0.110% | $482K | $48K | 10x | as long as short |
BloFin US-USDT