Funding you earn now, next payment 16:00 UTC+0.1417%/8h= +155.2% APRnext payment +$14.17 per $10,000 · paid last 24h +0.159%
Price spread now: Bybit against Bitget−0.091%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$170as in the Funding arb table
Net, price: spread back to 7d avg − costs−$172as in the Price arb table
costs, in and out, $10k−$1661.661% of the position
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 7 days+0.090%+$9 · spread now −0.091%, 7d avg −0.028%
=Funding pays, the price is against you. Bybit is 0.063% cheaper against Bitget than usual: you would sell low and buy high (spread −0.091% now, against its 7-day average of −0.028%). If the spread goes back, that is −$6 on $10k: about 4 hours of funding at the current rate (+$43 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.036% in total (about -1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$14.17 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 AXTIUSDT | 77.330 | −0.1417 | get 0.1417% / 8h | 7h 22m | $1.1M | $3.9M | 20x |
| Short | Bybit AXTIUSDT | 77.260 | 0 | get 0.0000% / 8h | 7h 22m | $1.8M | $1.5M | 25x |
Funding 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
- $297.57
- Price spread: −0.091% → −0.028%
- −$6.28
- Slippage, 4 orders
- −$143.11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $125.18
- Costs to cover
- 1.661%
- Break-even
- 4.1 days
Slippage from Bitget: live order book, 5 min ago; Bybit: live order book, 4 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 | 4.57 bp | 48.0 bp −$48 | 60.0 bp −$600 | 119.9 bp −$12.0K | doesn't fit |
| Sell Bybit live order book, 4 min ago | 11.09 bp | 27.2 bp −$27 | 173.3 bp −$1,733 | doesn't fit | doesn't fit |
AXTI on 14 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget AXTIUSDTlong | −0.1417% | 8h | 77.330 | long leg | $1.1M | $3.9M | 20x | |
| GRVT AXTI_USDT_Perp | −0.0301% | 8h | 76.625 | −0.911% | $440 | $210K | 10x | as long as short |
| Aster AXTIUSDT | 0.0000% | 8h | 76.914 | −0.538% | $7K | $124K | 20x | as long as short |
| Extended AXTI-USD | 0.0000% | 1h | 77.239 | −0.118% | $11K | $292K | 10x | as long as short |
| Binance AXTIUSDT | 0.0000% | 8h | 77.215 | −0.149% | $8.0M | $37.4M | 20x | as long as short |
| Bybit AXTIUSDTshort | 0.0000% | 8h | 77.260 | −0.091% | $1.8M | $1.5M | 25x | |
| OKX AXTI-USDT-SWAP | 0.0000% | 8h | 77.340 | +0.013% | $2.6M | $11.8M | 20x | as long as short |
| Gate AXTI_USDT | 0.0000% | 8h | 77.230 | −0.129% | $1.6M | $6.4M | 50x | as long as short |
| SunX AXTI-USDT | 0.0000% | 8h | 76.630 | −0.905% | $993 | $870K | 10x | as long as short |
| HTX AXTI-USDT | 0.0000% | 8h | 77.020 | −0.401% | $19K | $39K | 20x | as long as short |
Show all 14 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| QFEX AXTI-USD | +0.0005% | 1h | 76.930 | −0.517% | $1.1M | $1.9M | 10x | as long as short |
| Lighter AXTI | +0.0032% | 1h | 77.310 | −0.026% | — | — | 10x | as long as short |
| KuCoin AXTIUSDTM | +0.0100% | 8h | 77.030 | −0.388% | $584K | $569K | 20x | as long as short |
| Aevo AXTI-PERP | +0.0104% | 1h | 76.830 | −0.647% | — | — | 10x | as long as short |
Bitget AXTIUSDT
Bybit AXTIUSDT
GRVT AXTI_USDT_Perp
Aster AXTIUSDT
Extended AXTI-USD
Binance AXTIUSDT
OKX AXTI-USDT-SWAP
Gate AXTI_USDT
SunX AXTI-USDT
HTX AXTI-USDT
Lighter AXTI
KuCoin AXTIUSDTM