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: Bybit against Bitget−0.059%7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$106as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$1191.187% of the position
Funding, last 7 days+0.124%+$12 on $10k
+Price spread, last 4 days (all we have)+0.222%+$22 · spread now −0.059%, 7d avg +0.034%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.093% cheaper against Bitget than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.034%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget USUALUSDT | 0.01355 | 0.0100 | pay 0.0050% / 4h | 2h 56m | $813K | $421K | 50x |
| Short | Bybit USUALUSDT | 0.01354 | 0.0100 | get 0.0050% / 4h | 2h 56m | $1.0M | $788K | 25x |
Bitget USUALUSDT
Bybit USUALUSDTFunding 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
- $0
- Price spread: −0.059% → +0.034%
- −$9.32
- Slippage, 4 orders
- −$95.72
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$128.05
- Costs to cover
- 1.187%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 9 min ago; Bybit: live order book, 4 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, 9 min ago | 3.63 bp | 23.8 bp −$24 | 112.0 bp −$1,120 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 4 min ago | 5.86 bp | 38.3 bp −$38 | 200.6 bp −$2,006 | 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 | −0.4129% | 1h | 0.01350 | −0.369% | $6K | $1K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0657% | 1h | 0.01358 | +0.235% | $110K | $18K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01355 | 0.000% | $389K | $184K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01355 | +0.028% | $2.1M | $3.4M | 50x | as long as short |
| Bybit USUALUSDTshort | +0.0100% | 4h | 0.01354 | −0.059% | $1.0M | $788K | 25x | |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01359 | +0.295% | $919K | $178K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01355 | +0.037% | $5.9M | $237K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01358 | +0.221% | $268K | $62K | 20x | as long as short |
| Bitget USUALUSDTlong | +0.0100% | 4h | 0.01355 | long leg | $813K | $421K | 50x | |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01357 | +0.162% | — | $1.2M | — | as long as short |
Injective USUAL/USDC PERP
Kraken Futures PF_USUALUSD
Hyperliquid USUAL
Binance 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 | 0.01365 | +0.724% | $9K | $208 | — | as long as short |
Variational Omni USUAL