Funding you earn now, next payment 00:00 UTC+0.0464%/8h= +50.8% APRnext payment +$4.64 per $10,000 · paid last 24h +0.033%
Price spread now: Binance against Bitget−0.026%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$510.507% of the position
Funding, last 7 days+0.284%+$28 on $10k
+Price spread, last 2 days (all we have)+0.047%+$5 · spread now −0.026%, 7d avg +0.003%
=Funding pays, the price is against you. Binance is 0.028% cheaper against Bitget than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of +0.003%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.284% in total) that is about 17 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.284% in total (about 14.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$4.64 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 AMATUSDT | 466.76 | 0 | get 0.0000% / 8h | 2m 02s | $2.1M | $1.7M | 20x |
| Short | Binance AMATUSDT | 466.64 | 0.0464 | get 0.0464% / 8h | 2m 02s | $8.9M | $12.7M | 20x |
Bitget AMATUSDT
Binance AMATUSDTFunding 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
- $97.46
- Price spread: −0.026% → +0.003%
- −$2.84
- Slippage, 4 orders
- −$28.71
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $43.91
- Costs to cover
- 0.507%
- Break-even
- 3.8 days
Slippage from Bitget: live order book, 5 min ago; Binance: live order book, 8 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, 5 min ago | 0.64 bp | 11.8 bp −$12 | 25.1 bp −$251 | doesn't fit | doesn't fit |
| Sell Binance live order book, 8 min ago | 0.21 bp | 11.2 bp −$11 | 49.3 bp −$493 | doesn't fit | doesn't fit |
AMAT on 16 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 | |
|---|---|---|---|---|---|---|---|---|
| Aster AMATUSDT | 0.0000% | 8h | 466.96 | +0.044% | $10K | $11K | 20x | as long as short |
| Bybit AMATUSDT | 0.0000% | 8h | 466.53 | −0.049% | $928K | $616K | 25x | as long as short |
| Gate AMAT_USDT | 0.0000% | 8h | 466.80 | +0.009% | $2.0M | $6.4M | 50x | as long as short |
| Bitget AMATUSDTlong | 0.0000% | 8h | 466.76 | long leg | $2.1M | $1.7M | 20x | |
| OKX AMAT-USDT-SWAP | +0.0001% | 8h | 466.99 | +0.049% | $1.4M | $1.6M | 20x | as long as short |
| Vest AMAT-USD-PERP | +0.0046% | 1h | 466.41 | −0.075% | — | — | 10x | as long as short |
| tradeXYZ xyz:AMAT | +0.0050% | 1h | 466.55 | −0.045% | $2.6M | $2.3M | 10x | as long as short |
| KuCoin AMATUSDTM | +0.0100% | 8h | 466.26 | −0.107% | $408K | $438K | 20x | as long as short |
| SunX AMAT-USDT | +0.0100% | 8h | 466.80 | +0.009% | $1K | $381K | 10x | as long as short |
| HTX AMAT-USDT | +0.0100% | 8h | 467.20 | +0.094% | $170K | $40K | 20x | as long as short |
Aster AMATUSDT
Bybit AMATUSDT
Gate AMAT_USDT
OKX AMAT-USDT-SWAP
Vest AMAT-USD-PERP
tradeXYZ xyz:AMAT
KuCoin AMATUSDTM
SunX AMAT-USDT
HTX AMAT-USDTShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phoenix AMAT | +0.0360% | 1h | 466.78 | +0.004% | $19K | $131K | 10x | as long as short |
| Variational Omni AMAT | +0.0371% | 8h | 466.62 | −0.031% | $86K | $24K | — | as long as short |
| BloFin AMAT-USDT | +0.0463% | 8h | 466.43 | −0.071% | $109K | $81K | 20x | as long as short |
| Extended AMAT-USD | +0.0464% | 1h | 466.39 | −0.079% | $5K | $27K | 10x | as long as short |
| Binance AMATUSDTshort | +0.0464% | 8h | 466.64 | −0.026% | $8.9M | $12.7M | 20x | |
| GRVT AMAT_USDT_Perp | +0.0649% | 8h | 466.63 | −0.028% | $252 | $98K | 10x | as long as short |
Phoenix AMAT
Variational Omni AMAT
BloFin AMAT-USDT
Extended AMAT-USD
GRVT AMAT_USDT_Perp