Funding you earn now, next payment 00:00 UTC+0.0300%/8h= +32.8% APRnext payment +$1.50 per $10,000 · paid last 24h +0.062%
Price spread now: Bitget against Bybit+0.159%7-day average −0.274% · you sell dearer than you buy
Net, funding: paid 7d − costs−$327as in the Funding arb table
Net, price: spread back to 7d avg − costs−$283as in the Price arb table
costs, in and out, $10k−$3263.264% of the position
Funding, last 7 days−0.003%$0 on $10k
+Price spread, last 7 days−0.241%−$24 · spread now +0.159%, 7d avg −0.274%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Bitget is 0.433% dearer against Bybit than usual: you sell high and buy low: +$43 more if the spread goes back to its 7-day average of −0.274%.
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 +$1.50 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 USUSDT | 0.01640 | 0.0100 | pay 0.0050% / 4h | 1h 56m | $3.2M | $844K | 20x |
| Short | Bitget USUSDT | 0.01643 | 0.0400 | get 0.0200% / 4h | 1h 56m | $4.3M | $243K | 10x |
Bybit USUSDT
Bitget USUSDTFunding 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
- $63
- Price spread: +0.159% → −0.274%
- $43.3
- Slippage, 4 orders
- −$303.38
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$220.08
- Costs to cover
- 3.264%
- Break-even
- 31.5 days
Slippage from Bybit: live order book, 1 min ago; Bitget: live order book, 2 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, 1 min ago | 6.09 bp | 135.7 bp −$136 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 12.48 bp | 47.2 bp −$47 | 208.6 bp −$2,086 | 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 | −0.0112% | 4h | 0.01636 | −0.232% | $4.2M | $276K | 20x | as long as short |
| BloFin US-USDT | +0.0076% | 4h | 0.01641 | +0.073% | $481K | $49K | 10x | as long as short |
| Aster USUSDT | +0.0100% | 4h | 0.01638 | −0.119% | $12K | $54K | 5x | as long as short |
| Binance USUSDT | +0.0100% | 4h | 0.01641 | +0.055% | $9.2M | $3.1M | 10x | as long as short |
| Bybit USUSDTlong | +0.0100% | 4h | 0.01640 | long leg | $3.2M | $844K | 20x | |
| Gate US_USDT | +0.0100% | 4h | 0.01638 | −0.140% | $2.1M | $544K | 20x | as long as short |
| MEXC US_USDT | +0.0100% | 4h | 0.01640 | +0.024% | $5.5M | $114K | 100x | as long as short |
| Variational Omni US | +0.0100% | 4h | 0.01641 | +0.057% | $16K | $3K | — | as long as short |
| Extended US-USD | +0.0104% | 1h | 0.01640 | +0.021% | $4K | $141K | 5x | as long as short |
| BingX US-USDT | +0.0370% | 4h | 0.01641 | +0.067% | — | $1.3M | — | as long as short |
KuCoin USUSDTM
BloFin US-USDT
Aster USUSDT
Binance USUSDT
Gate US_USDT
MEXC US_USDT
Variational Omni US
Extended US-USD
BingX US-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget USUSDTshort | +0.0400% | 4h | 0.01643 | +0.159% | $4.3M | $243K | 10x |