Funding you earn now, next payment 04:00 UTC−0.0218%/8h= −23.8% APRnext payment −$1.09 per $10,000 · paid last 24h −0.037%
Price spread now: Bitget against Binance−0.500%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$323as in the Funding arb table
Net, price: spread back to 7d avg − costs−$345as in the Price arb table
costs, in and out, $10k−$2962.964% of the position
Funding, last 7 days−0.270%−$27 on $10k
+Price spread, last 4 days (all we have)+0.618%+$62 · spread now −0.500%, 7d avg −0.010%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bitget is 0.491% cheaper against Binance than usual: you would sell low and buy high (−$49 if the spread goes back to its 7-day average of −0.010%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance WETUSDT | 0.06938 | 0.0318 | pay 0.0159% / 4h | 2h 31m | $1.3M | $2.4M | 50x |
| Short | Bitget WETUSDT | 0.06903 | 0.0100 | get 0.0050% / 4h | 2h 31m | $580K | $127K | 25x |
Binance WETUSDT
Bitget WETUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$45.69
- Price spread: −0.500% → −0.010%
- −$49.05
- Slippage, 4 orders
- −$274.36
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$391.11
- Costs to cover
- 2.964%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; Bitget: live order book, 33 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 Binance live order book, 2 min ago | 4.18 bp | 38.6 bp −$39 | 232.9 bp −$2,329 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 33 min ago | 10.89 bp | 109.8 bp −$110 | 622.5 bp −$6,225 | doesn't fit | doesn't fit |
WET on 9 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit WETUSDT | +0.0100% | 4h | 0.06929 | −0.125% | $1.5M | $768K | 50x | as long as short |
| OKX WET-USDT-SWAP | +0.0100% | 4h | 0.06952 | +0.206% | $728K | $984K | 20x | as long as short |
| Gate WET_USDT | +0.0100% | 8h | 0.06935 | −0.039% | $1.0M | $61K | 50x | as long as short |
| KuCoin WETUSDTM | +0.0100% | 4h | 0.06928 | −0.140% | $705K | $703K | 50x | as long as short |
| Bitget WETUSDTshort | +0.0100% | 4h | 0.06903 | −0.500% | $580K | $127K | 25x | |
| MEXC WET_USDT | +0.0316% | 4h | 0.06926 | −0.169% | $187K | $112K | 50x | as long as short |
| Binance WETUSDTlong | +0.0318% | 4h | 0.06938 | long leg | $1.3M | $2.4M | 50x | |
| BingX WET-USDT | +0.0336% | 4h | 0.06923 | −0.212% | — | $6.5M | — | as long as short |
| Aster WETUSDT | +0.1177% | 4h | 0.06939 | +0.019% | $14K | $31K | 5x | as long as short |
Bybit WETUSDT
OKX WET-USDT-SWAP
Gate WET_USDT
KuCoin WETUSDTM
MEXC WET_USDT
BingX WET-USDT
Aster WETUSDT