Funding you earn now, next payment 00:00 UTC−0.0312%/8h= −34.2% APRnext payment −$1.56 per $10,000 · paid last 24h −0.062%
Price spread now: Bybit against Bitget−0.024%7-day average +0.274% · you buy dearer than you sell
Net, funding: paid 7d − costs−$297as in the Funding arb table
Net, price: spread back to 7d avg − costs−$327as in the Price arb table
costs, in and out, $10k−$2972.975% of the position
Funding, last 7 days+0.003%$0 on $10k
+Price spread, last 7 days+0.097%+$10 · spread now −0.024%, 7d avg +0.274%
=Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Bybit is 0.298% cheaper against Bitget than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of +0.274%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.003% in total (about 0.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.56 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 USUSDT | 0.01633 | 0.0412 | pay 0.0206% / 4h | 1h 24m | $4.3M | $248K | 10x |
| Short | Bybit USUSDT | 0.01633 | 0.0100 | get 0.0050% / 4h | 1h 24m | $3.2M | $855K | 20x |
Bitget USUSDT
Bybit USUSDTFunding 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
- −$65.52
- Price spread: −0.024% → +0.274%
- −$29.84
- Slippage, 4 orders
- −$274.48
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$392.84
- Costs to cover
- 2.975%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago | 12.24 bp | 47.0 bp −$47 | 398.2 bp −$3,982 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 6.13 bp | 97.6 bp −$98 | doesn't fit | 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 | −0.0256% | 4h | 0.01627 | −0.410% | $4.2M | $277K | 20x | as long as short |
| BloFin US-USDT | +0.0090% | 4h | 0.01632 | −0.098% | $477K | $48K | 10x | as long as short |
| Aster USUSDT | +0.0100% | 4h | 0.01632 | −0.102% | $12K | $55K | 5x | as long as short |
| Bybit USUSDTshort | +0.0100% | 4h | 0.01633 | −0.024% | $3.2M | $855K | 20x | |
| Gate US_USDT | +0.0100% | 4h | 0.01631 | −0.153% | $2.0M | $551K | 20x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01632 | −0.055% | $16K | $3K | — | as long as short |
| MEXC US_USDT | +0.0116% | 4h | 0.01632 | −0.049% | $5.5M | $115K | 100x | as long as short |
| Binance USUSDT | +0.0120% | 4h | 0.01632 | −0.049% | $9.1M | $3.1M | 10x | as long as short |
| Extended US-USD | +0.0120% | 1h | 0.01632 | −0.068% | $4K | $141K | 5x | as long as short |
| BingX US-USDT | +0.0408% | 4h | 0.01633 | −0.012% | — | $1.3M | — | as long as short |
KuCoin USUSDTM
BloFin US-USDT
Aster USUSDT
Gate US_USDT
Variational Omni US
MEXC US_USDT
Binance USUSDT
Extended US-USD
BingX US-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USUSDTlong | +0.0412% | 4h | 0.01633 | long leg | $4.3M | $248K | 10x |