Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bitget−0.117%7-day average −0.119% · you buy dearer than you sell
Net, funding: paid 7d − costs−$96as in the Funding arb table
Net, price: spread back to 7d avg − costs−$96as in the Price arb table
costs, in and out, $10k−$960.963% of the position
Funding, last 7 days0.000%$0 on $10k
+Price spread, last 4 days (all we have)+0.225%+$23 · spread now −0.117%, 7d avg −0.119%
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget USUALUSDT | 0.01390 | 0.0100 | pay 0.0050% / 4h | 1h 19m | $832K | $354K | 50x |
| Short | Binance USUALUSDT | 0.01388 | 0.0100 | get 0.0050% / 4h | 1h 19m | $2.2M | $3.1M | 50x |
Bitget USUALUSDT
Binance USUALUSDTFunding 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
- $0
- Price spread: −0.117% → −0.119%
- $0.16
- Slippage, 4 orders
- −$74.31
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$96.15
- Costs to cover
- 0.963%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 41 min ago; Binance: live order book, 16 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, 41 min ago | 3.61 bp | 25.8 bp −$26 | 118.0 bp −$1,180 | doesn't fit | doesn't fit |
| Sell Binance live order book, 16 min ago | 3.26 bp | 24.1 bp −$24 | 113.0 bp −$1,130 | doesn't fit | doesn't fit |
USUAL 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 | |
|---|---|---|---|---|---|---|---|---|
| Injective USUAL/USDC PERP | −0.4981% | 1h | 0.01375 | −1.079% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0745% | 1h | 0.01392 | +0.178% | $113K | $18K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01391 | +0.072% | $398K | $171K | 3x | as long as short |
| Binance USUALUSDTshort | +0.0100% | 4h | 0.01388 | −0.117% | $2.2M | $3.1M | 50x | |
| Bybit USUALUSDT | +0.0100% | 4h | 0.01389 | −0.065% | $1.1M | $731K | 25x | as long as short |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01391 | +0.072% | $940K | $102K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01388 | −0.122% | $6.1M | $229K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01390 | 0.000% | $273K | $56K | 20x | as long as short |
| Bitget USUALUSDTlong | +0.0100% | 4h | 0.01390 | long leg | $832K | $354K | 50x | |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01390 | −0.022% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Bybit USUALUSDT
Gate USUAL_USDT
MEXC USUAL_USDT
KuCoin USUALUSDTM
BingX USUAL-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Variational Omni USUAL | +0.0100% | 4h | 0.01395 | +0.366% | $10K | $208 | — | as long as short |
Variational Omni USUAL