Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Bybit−0.109%7-day average −0.036% · you buy dearer than you sell
Net, funding: paid 7d − costs−$124as in the Funding arb table
Net, price: spread back to 7d avg − costs−$119as in the Price arb table
costs, in and out, $10k−$1121.116% of the position
Funding, last 7 days−0.124%−$12 on $10k
+Price spread, last 4 days (all we have)−0.065%−$7 · spread now −0.109%, 7d avg −0.036%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.073% cheaper against Bybit than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.036%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit USUALUSDT | 0.01376 | 0.0100 | pay 0.0050% / 4h | 10m 48s | $1.0M | $822K | 25x |
| Short | Bitget USUALUSDT | 0.01375 | 0.0100 | get 0.0050% / 4h | 10m 48s | $833K | $453K | 50x |
Bybit USUALUSDT
Bitget USUALUSDTFunding 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
- $0
- Price spread: −0.109% → −0.036%
- −$7.29
- Slippage, 4 orders
- −$88.57
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$118.86
- Costs to cover
- 1.116%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 5 min ago; Bitget: live order book, 65 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, 5 min ago | 3.64 bp | 31.3 bp −$31 | 348.2 bp −$3,482 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 65 min ago | 3.69 bp | 26.4 bp −$26 | 117.9 bp −$1,179 | 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 | −0.4582% | 1h | 0.01360 | −1.199% | $6K | $2K | 5.5x | as long as short |
| Kraken Futures PF_USUALUSD | −0.0766% | 1h | 0.01374 | −0.197% | $112K | $18K | 10x | as long as short |
| Hyperliquid USUAL | +0.0100% | 1h | 0.01376 | −0.036% | $396K | $201K | 3x | as long as short |
| Binance USUALUSDT | +0.0100% | 4h | 0.01374 | −0.145% | $2.1M | $3.4M | 50x | as long as short |
| Bybit USUALUSDTlong | +0.0100% | 4h | 0.01376 | long leg | $1.0M | $822K | 25x | |
| Gate USUAL_USDT | +0.0100% | 8h | 0.01375 | −0.109% | $930K | $213K | 50x | as long as short |
| MEXC USUAL_USDT | +0.0100% | 4h | 0.01374 | −0.153% | $6.0M | $248K | 100x | as long as short |
| KuCoin USUALUSDTM | +0.0100% | 4h | 0.01375 | −0.109% | $280K | $60K | 20x | as long as short |
| Bitget USUALUSDTshort | +0.0100% | 4h | 0.01375 | −0.109% | $833K | $453K | 50x | |
| BingX USUAL-USDT | +0.0100% | 4h | 0.01375 | −0.109% | — | $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 | 0.01376 | −0.018% | $9K | $208 | — | as long as short |
Variational Omni USUAL