Funding you earn now, next payment 08:00 UTC+0.0357%/8h= +39.1% APRnext payment +$3.57 per $10,000 · paid last 24h +0.020%
Price spread now: Bitget against Bybit−0.042%7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$630.629% of the position
Funding, last 7 days+0.026%+$3 on $10k
+Price spread, last 7 days+0.012%+$1 · spread now −0.042%, 7d avg +0.005%
=Funding pays, the price is against you. Bitget is 0.048% cheaper against Bybit than usual: you would sell low and buy high (spread −0.042% now, against its 7-day average of +0.005%). If the spread goes back, that is −$5 on $10k: about 11 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.026% in total) that is about 13 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.026% in total (about 1.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.57 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 | Bybit BABAUSDT | 118.34 | 0 | get 0.0000% / 8h | 5h 41m | $2.2M | $581K | 25x |
| Short | Bitget BABAUSDT | 118.29 | 0.0357 | get 0.0357% / 8h | 5h 41m | $2.5M | $1.3M | 20x |
Bybit BABAUSDT
Bitget BABAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- $74.97
- Price spread: −0.042% → +0.005%
- −$4.77
- Slippage, 4 orders
- −$39.86
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- $7.34
- Costs to cover
- 0.629%
- Break-even
- 6.3 days
Slippage from Bybit: live order book, 1 min ago; Bitget: 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 Bybit live order book, 1 min ago | 4.65 bp | 14.0 bp −$14 | 78.0 bp −$780 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 1 min ago | 2.96 bp | 19.7 bp −$20 | 59.7 bp −$597 | doesn't fit | doesn't fit |
BABA on 22 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 BABAUSDT | 0.0000% | 8h | 118.19 | −0.126% | $78K | $27K | 20x | as long as short |
| Bybit BABAUSDTlong | 0.0000% | 8h | 118.34 | long leg | $2.2M | $581K | 25x | |
| Gate BABA_USDT | 0.0000% | 8h | 118.28 | −0.051% | $1.5M | $1.7M | 50x | as long as short |
| GRVT BABA_USDT_Perp | 0.0000% | 8h | 118.23 | −0.093% | $3K | $220K | 10x | as long as short |
| SunX BABA-USDT | 0.0000% | 8h | 118.29 | −0.042% | $685 | $3.5M | 20x | as long as short |
| HTX BABA-USDT | 0.0000% | 8h | 118.32 | −0.017% | $35K | $8K | 20x | as long as short |
| Lighter BABA | +0.0032% | 1h | 118.36 | +0.017% | $390K | $46K | 10x | as long as short |
| Lighter RH BABA | +0.0032% | 1h | 118.20 | −0.118% | $428K | $496K | 10x | as long as short |
| Injective BABA/USDC PERP | +0.0033% | 1h | 115.84 | −2.113% | $11K | $26K | 12x | as long as short |
| Arcus BABA-USD | +0.0040% | 1h | 118.13 | −0.177% | $72K | $109K | 10x | as long as short |
Aster BABAUSDT
Gate BABA_USDT
GRVT BABA_USDT_Perp
SunX BABA-USDT
HTX BABA-USDT
Lighter BABA
Lighter RH BABA
Injective BABA/USDC PERP
Arcus BABA-USDShow all 22 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Vest BABA-USD-PERP | +0.0046% | 1h | 118.25 | −0.076% | — | $19K | 10x | as long as short |
| tradeXYZ xyz:BABA | +0.0050% | 1h | 118.21 | −0.110% | $12.1M | $3.6M | 10x | as long as short |
| Polymarket Perps BABA-USD | +0.0050% | 1h | 118.20 | −0.118% | $10K | $264K | 10x | as long as short |
| Ondo Perps BABA-USD.P | +0.0050% | 1h | 118.12 | −0.186% | $235K | $377K | 10x | as long as short |
| QFEX BABA-USD | +0.0061% | 1h | 118.23 | −0.093% | $1.2M | $4.4M | 10x | as long as short |
| KuCoin BABAUSDTM | +0.0100% | 8h | 118.18 | −0.135% | $615K | $517K | 20x | as long as short |
| Orderly PERP_BABA_USDC_mythos | +0.0100% | 8h | 118.26 | −0.068% | $2K | $798 | 10x | as long as short |
| Variational Omni BABA | +0.0102% | 8h | 118.04 | −0.250% | $265K | $658K | — | as long as short |
| Binance BABAUSDT | +0.0159% | 8h | 118.29 | −0.044% | $15.6M | $24.0M | 20x | as long as short |
| Extended BABA_24_5-USD | +0.0160% | 1h | 118.25 | −0.074% | $46K | $365K | 10x | as long as short |
| Phoenix BABA | +0.0203% | 1h | 118.17 | −0.144% | $66K | $68K | 10x | as long as short |
| Bitget BABAUSDTshort | +0.0357% | 8h | 118.29 | −0.042% | $2.5M | $1.3M | 20x |
Vest BABA-USD-PERP
tradeXYZ xyz:BABA
Polymarket Perps BABA-USD
Ondo Perps BABA-USD.P
QFEX BABA-USD
KuCoin BABAUSDTM
Orderly PERP_BABA_USDC_mythos
Variational Omni BABA
Binance BABAUSDT
Extended BABA_24_5-USD
Phoenix BABA