Funding you earn now, next payment 00:00 UTC+0.0404%/8h= +44.2% APRnext payment +$4.04 per $10,000 · paid last 24h 0.000%
Price spread now: Binance against Bitget−0.036%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$97as in the Funding arb table
Net, price: spread back to 7d avg − costs−$105as in the Price arb table
costs, in and out, $10k−$1011.009% of the position
Funding, last 7 days+0.044%+$4 on $10k
+Price spread, last 2 days (all we have)−0.035%−$4 · spread now −0.036%, 7d avg +0.003%
=Funding pays, the price is against you. Binance is 0.039% cheaper against Bitget than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.003%). If the spread goes back, that is −$4 on $10k: about 8 hours of funding at the current rate (+$12 a day). At the pace of the last 7 days (+0.044% in total) that is about 6.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.044% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.04 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ADBEUSDT | 249.45 | 0 | get 0.0000% / 8h | 5m 31s | $513K | $144K | 20x |
| Short | Binance ADBEUSDT | 249.36 | 0.0404 | get 0.0404% / 8h | 5m 31s | $1.5M | $572K | 20x |
Bitget ADBEUSDT
Binance ADBEUSDTFunding 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
- $84.77
- Price spread: −0.036% → +0.003%
- −$3.9
- Slippage, 4 orders
- −$78.93
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$20.06
- Costs to cover
- 1.009%
- Break-even
- 8.7 days
Slippage from Bitget: live order book, 4 min ago; Binance: live order book, 13 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 | 11.01 bp | 23.2 bp −$23 | 43.4 bp −$434 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 2.20 bp | 21.7 bp −$22 | 67.5 bp −$675 | doesn't fit | doesn't fit |
ADBE 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 ADBE/USDC PERP | −0.0220% | 1h | 246.15 | −1.323% | $16K | $19K | 12x | as long as short |
| Aster ADBEUSDT | 0.0000% | 8h | 249.25 | −0.082% | $7K | $2K | 20x | as long as short |
| Bybit ADBEUSDT | 0.0000% | 8h | 249.64 | +0.076% | $514K | $125K | 25x | as long as short |
| OKX ADBE-USDT-SWAP | 0.0000% | 8h | 249.49 | +0.016% | $492K | $171K | 20x | as long as short |
| Gate ADBE_USDT | 0.0000% | 8h | 249.70 | +0.100% | $334K | $147K | 20x | as long as short |
| Bitget ADBEUSDTlong | 0.0000% | 8h | 249.45 | long leg | $513K | $144K | 20x | |
| SunX ADBE-USDT | 0.0000% | 8h | 249.57 | +0.048% | $958 | $352K | 10x | as long as short |
| HTX ADBE-USDT | 0.0000% | 8h | 249.86 | +0.164% | $6K | $39K | 20x | as long as short |
| Extended ADBE_24_5-USD | +0.0040% | 1h | 249.32 | −0.050% | $998 | $2K | 10x | as long as short |
| KuCoin ADBEUSDTM | +0.0100% | 8h | 249.38 | −0.028% | $266K | $208K | 20x | as long as short |
Injective ADBE/USDC PERP
Aster ADBEUSDT
Bybit ADBEUSDT
OKX ADBE-USDT-SWAP
Gate ADBE_USDT
SunX ADBE-USDT
HTX ADBE-USDT
Extended ADBE_24_5-USD
KuCoin ADBEUSDTMShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ADBEUSDTshort | +0.0404% | 8h | 249.36 | −0.036% | $1.5M | $572K | 20x |