Funding you earn now, next payment 00:00 UTC+0.0119%/8h= +13.0% APRnext payment +$1.19 per $10,000 · paid last 24h +0.005%
Price spread now: Bybit against Bitget+0.070%7-day average +0.043% · 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−$270.268% of the position
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 7 days−0.002%$0 · spread now +0.070%, 7d avg +0.043%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bybit is 0.027% dearer against Bitget than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.043%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget USDCUSDT | 0.9994 | −0.0119 | get 0.0119% / 8h | 37m 17s | $4.3M | $17K | 50x |
| Short | Bybit USDCUSDT | 1.0001 | 0 | get 0.0000% / 8h | 37m 17s | $9.5M | $349K | 50x |
Bitget USDCUSDT
Bybit USDCUSDTFunding 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
- $24.99
- Price spread: +0.070% → +0.043%
- $2.7
- Slippage, 4 orders
- −$3.83
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $0.86
- Costs to cover
- 0.268%
- Break-even
- 6.8 days
Slippage from Bitget: live order book, 1 min ago; Bybit: live order book, 1 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 | 1.00 bp | 7.0 bp −$7 | 7.0 bp −$70 | 15.3 bp −$1,527 | doesn't fit |
| Sell Bybit live order book, 1 min ago | 0.50 bp | 6.0 bp −$6 | 9.8 bp −$98 | 149.2 bp −$14.9K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance USDCUSDT | −0.0129% | 8h | 0.9994 | +0.004% | $4.4M | $3.6M | 50x | as long as short |
| MEXC USDC_USDT | −0.0127% | 8h | 0.9994 | +0.005% | $16.6M | $266K | 200x | as long as short |
| Bitget USDCUSDTlong | −0.0119% | 8h | 0.9994 | long leg | $4.3M | $17K | 50x | |
| Kraken Futures PF_USDCUSD | −0.0067% | 1h | 0.9997 | +0.035% | $14K | $928 | 50x | as long as short |
| KuCoin USDCUSDTM | −0.0031% | 8h | 0.9990 | −0.035% | $2.5M | $19K | 30x | as long as short |
| Bybit USDCUSDTshort | 0.0000% | 8h | 1.0001 | +0.070% | $9.5M | $349K | 50x | |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | +0.058% | $1.1M | $45K | 50x | as long as short |
| Gate USDC_USDT | +0.0097% | 8h | 0.9995 | +0.010% | $253K | $19K | 50x | as long as short |
Binance USDCUSDT
MEXC USDC_USDT
Kraken Futures PF_USDCUSD
KuCoin USDCUSDTM
OKX USDC-USDT-SWAP
Gate USDC_USDT