Funding you earn now, next payment 08:00 UTC−0.0107%/8h= −11.7% APRnext payment −$1.07 per $10,000 · paid last 24h −0.023%
Price spread now: Bitget against Bybit−0.070%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$270.270% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 7 days+0.020%+$2 · spread now −0.070%, 7d avg −0.043%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.027% cheaper against Bybit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.043%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit USDCUSDT | 1.0001 | 0 | get 0.0000% / 8h | 2h 32m | $9.5M | $280K | 50x |
| Short | Bitget USDCUSDT | 0.9994 | −0.0107 | pay 0.0107% / 8h | 2h 32m | $4.3M | $8K | 50x |
Bybit USDCUSDT
Bitget USDCUSDTFunding 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
- −$22.47
- Price spread: −0.070% → −0.043%
- −$2.71
- Slippage, 4 orders
- −$4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$52.18
- Costs to cover
- 0.270%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Bitget: 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 Bybit live order book, 1 min ago | 0.50 bp | 6.0 bp −$6 | 8.1 bp −$81 | 449.6 bp −$45.0K | doesn't fit |
| Sell Bitget live order book, 1 min ago | 1.00 bp | 7.0 bp −$7 | 7.4 bp −$74 | 39.1 bp −$3,907 | 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 | |
|---|---|---|---|---|---|---|---|---|
| KuCoin USDCUSDTM | −0.0153% | 8h | 0.9994 | −0.070% | $2.5M | $20K | 30x | as long as short |
| Binance USDCUSDT | −0.0125% | 8h | 0.9996 | −0.053% | $4.8M | $4.3M | 50x | as long as short |
| MEXC USDC_USDT | −0.0125% | 8h | 0.9996 | −0.052% | $20.8M | $750K | 200x | as long as short |
| Bitget USDCUSDTshort | −0.0107% | 8h | 0.9994 | −0.070% | $4.3M | $8K | 50x | |
| Kraken Futures PF_USDCUSD | −0.0068% | 1h | 0.9998 | −0.035% | $14K | $924 | 50x | as long as short |
| Bybit USDCUSDTlong | 0.0000% | 8h | 1.0001 | long leg | $9.5M | $280K | 50x | |
| OKX USDC-USDT-SWAP | 0.0000% | 8h | 1.0000 | −0.011% | $1.1M | $41K | 50x | as long as short |
| Gate USDC_USDT | +0.0079% | 8h | 0.9992 | −0.090% | $253K | $39K | 50x | as long as short |
KuCoin USDCUSDTM
Binance USDCUSDT
MEXC USDC_USDT
Kraken Futures PF_USDCUSD
OKX USDC-USDT-SWAP
Gate USDC_USDT