Funding you earn now, next payment 00:00 UTC−0.0811%/8h= −88.8% APRnext payment −$8.11 per $10,000 · paid last 24h −0.013%
Price spread now: Bitget against Binance−0.253%7-day average −0.197% · you buy dearer than you sell
Net, funding: paid 7d − costs−$191as in the Funding arb table
Net, price: spread back to 7d avg − costs−$179as in the Price arb table
costs, in and out, $10k−$1731.734% of the position
Funding, last 7 days−0.179%−$18 on $10k
+Price spread, last 2 days (all we have)+0.087%+$9 · spread now −0.253%, 7d avg −0.197%
=Both sides work against this trade now: funding costs −$24 a day on $10k at the current rate, and Bitget is 0.055% cheaper against Binance than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.197%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.179% in total (about -9.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$8.11 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 | Binance BITOUSDT | 11.677 | 0.0811 | pay 0.0811% / 8h | 1h 43m | $265K | $2.0M | 25x |
| Short | Bitget BITOUSDT | 11.647 | 0 | get 0.0000% / 8h | 1h 43m | $760K | $746K | 20x |
Binance BITOUSDT
Bitget BITOUSDTFunding 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
- −$170.38
- Price spread: −0.253% → −0.197%
- −$5.54
- Slippage, 4 orders
- −$151.44
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$349.37
- Costs to cover
- 1.734%
- Break-even
- never at this rate
Slippage from Binance: live order book, 6 min ago; Bitget: live order book, 37 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, 6 min ago | 4.28 bp | 38.4 bp −$38 | 158.9 bp −$1,589 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 37 min ago | 14.96 bp | 69.4 bp −$69 | 102.3 bp −$1,023 | doesn't fit | doesn't fit |
BITO on 7 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 BITOUSDT | 0.0000% | 8h | 11.668 | −0.073% | $37K | $38K | 25x | as long as short |
| Gate BITO_USDT | 0.0000% | 8h | 11.661 | −0.133% | $29K | $30K | 20x | as long as short |
| Bitget BITOUSDTshort | 0.0000% | 8h | 11.647 | −0.253% | $760K | $746K | 20x | |
| HTX BITO-USDT | 0.0000% | 8h | 11.680 | +0.030% | $5K | $283K | 10x | as long as short |
| edgeX BITOUSDC | +0.0479% | 4h | 11.673 | −0.027% | $24K | $268K | 10x | as long as short |
| Binance BITOUSDTlong | +0.0811% | 8h | 11.677 | long leg | $265K | $2.0M | 25x | |
| MEXC BITO_USDT | +0.0815% | 8h | 11.640 | −0.313% | $123K | $85K | 20x | as long as short |
Bybit BITOUSDT
Gate BITO_USDT
HTX BITO-USDT
edgeX BITOUSDC
MEXC BITO_USDT