Funding you earn now, next payment 08:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.23 per $10,000 · paid last 24h +0.007%
Price spread now: Binance against Bitget+0.011%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$240.239% of the position
Funding, last 7 days+0.016%+$2 on $10k
+Price spread, last 7 days+0.015%+$1 · spread now +0.011%, 7d avg +0.012%
=The price spread sits at its 7-day average of +0.012%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget USDCUSDT | 0.9994 | −0.0180 | get 0.0180% / 8h | 6h 11m | $4.3M | $16K | 50x |
| Short | Binance USDCUSDT | 0.9995 | −0.0157 | pay 0.0157% / 8h | 6h 11m | $4.6M | $4.4M | 50x |
Bitget USDCUSDT
Binance USDCUSDTFunding 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
- $4.81
- Price spread: +0.011% → +0.012%
- −$0.03
- Slippage, 4 orders
- −$1.92
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$19.14
- Costs to cover
- 0.239%
- Break-even
- 34.8 days
Slippage from Bitget: live order book, 1 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, 1 min ago | 0.50 bp | 6.5 bp −$7 | 6.5 bp −$65 | 12.5 bp −$1,246 | doesn't fit |
| Sell Binance live order book, 11 min ago | 0.00 bp | 5.0 bp −$5 | 5.0 bp −$50 | 5.3 bp −$528 | doesn't fit |
USDC on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget USDCUSDTlong | −0.0180% | 8h | 0.9994 | long leg | $4.3M | $16K | 50x | |
| Binance USDCUSDTshort | −0.0157% | 8h | 0.9995 | +0.011% | $4.6M | $4.4M | 50x | |
| MEXC USDC_USDT | −0.0156% | 8h | 0.9995 | +0.011% | $19.4M | $588K | 200x | as long as short |
| KuCoin USDCUSDTM | −0.0097% | 8h | 0.9990 | −0.037% | $2.5M | $20K | 30x | as long as short |
| Gate USDC_USDT | −0.0079% | 8h | 0.9990 | −0.040% | $253K | $40K | 50x | as long as short |
| Kraken Futures PF_USDCUSD | −0.0059% | 1h | 0.9998 | +0.035% | $14K | $930 | 50x | as long as short |
| Bybit USDCUSDT | 0.0000% | 8h | 1.0001 | +0.070% | $9.5M | $337K | 50x | as long as short |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.059% | $1.1M | $42K | 50x | as long as short |
MEXC USDC_USDT
KuCoin USDCUSDTM
Gate USDC_USDT
Kraken Futures PF_USDCUSD
Bybit USDCUSDT
OKX USDC-USDT-SWAP