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−0.127%7-day average −0.058% · you buy dearer than you sell
Net, funding: paid 7d − costs−$135as in the Funding arb table
Net, price: spread back to 7d avg − costs−$136as in the Price arb table
costs, in and out, $10k−$1291.288% of the position
Funding, last 7 days−0.061%−$6 on $10k
+Price spread, last 7 days+0.090%+$9 · spread now −0.127%, 7d avg −0.058%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.069% cheaper against Bitget than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.058%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget WUSDT | 0.01182 | 0.0100 | pay 0.0050% / 4h | 2h 12m | $1.3M | $575K | 50x |
| Short | Bybit WUSDT | 0.01180 | 0.0100 | get 0.0050% / 4h | 2h 12m | $4.1M | $1.9M | 50x |
Bitget WUSDT
Bybit WUSDTFunding 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: −0.127% → −0.058%
- −$6.92
- Slippage, 4 orders
- −$105.81
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$135.73
- Costs to cover
- 1.288%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 4 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, 4 min ago | 8.46 bp | 32.7 bp −$33 | 251.7 bp −$2,517 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 1 min ago | 3.39 bp | 36.9 bp −$37 | 134.5 bp −$1,345 | doesn't fit | doesn't fit |
W on 17 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 | |
|---|---|---|---|---|---|---|---|---|
| Deribit W_USDC-PERPETUAL | 0.0000% | 1h | 0.01183 | +0.068% | $16K | $2K | 10x | as long as short |
| Injective W/USDC PERP | +0.0033% | 1h | 0.01209 | +2.284% | $1K | $1K | 12x | as long as short |
| Hyperliquid W | +0.0100% | 1h | 0.01183 | +0.085% | $2.0M | $394K | 5x | as long as short |
| Binance WUSDT | +0.0100% | 4h | 0.01183 | +0.051% | $3.0M | $6.6M | 50x | as long as short |
| Bybit WUSDTshort | +0.0100% | 4h | 0.01180 | −0.127% | $4.1M | $1.9M | 50x | |
| OKX W-USDT-SWAP | +0.0100% | 4h | 0.01181 | −0.102% | $1.3M | $1.9M | 20x | as long as short |
| Gate W_USDT | +0.0100% | 4h | 0.01180 | −0.169% | $445K | $265K | 75x | as long as short |
| MEXC W_USDT | +0.0100% | 4h | 0.01183 | +0.051% | $12.8M | $1.4M | 50x | as long as short |
| KuCoin WUSDTM | +0.0100% | 4h | 0.01183 | +0.085% | $423K | $194K | 50x | as long as short |
| Bitget WUSDTlong | +0.0100% | 4h | 0.01182 | long leg | $1.3M | $575K | 50x |
Deribit W_USDC-PERPETUAL
Injective W/USDC PERP
Hyperliquid W
Binance WUSDT
OKX W-USDT-SWAP
Gate W_USDT
MEXC W_USDT
KuCoin WUSDTMShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| BingX W-USDT | +0.0100% | 4h | 0.01181 | −0.059% | — | $6.8M | — | as long as short |
| Variational Omni W | +0.0100% | 4h | 0.01181 | −0.078% | $71K | $41K | — | as long as short |
| GRVT W_USDT_Perp | +0.0100% | 4h | 0.01183 | +0.051% | $122K | $405K | 10x | as long as short |
| Extended W-USD | +0.0104% | 1h | 0.01182 | +0.034% | $60K | $236K | 5x | as long as short |
| Coinbase International W-PERP-INTX | +0.0360% | 1h | 0.01183 | +0.076% | $14K | $16K | 50x | as long as short |
| Backpack W_USDC_PERP | +0.0432% | 1h | 0.01184 | +0.178% | $44K | $47K | 15x | as long as short |
| Kraken Futures PF_WUSD | +0.1534% | 1h | 0.01186 | +0.305% | $147K | $180K | 20x | as long as short |
BingX W-USDT
Variational Omni W
GRVT W_USDT_Perp
Extended W-USD
Coinbase International W-PERP-INTX
Backpack W_USDC_PERP
Kraken Futures PF_WUSD