Funding you earn now, next payment 00:00 UTC+0.0763%/8h= +83.6% APRnext payment +$7.63 per $10,000 · paid last 24h +0.013%
Price spread now: Binance against Bitget+0.296%7-day average +0.195% · you sell dearer than you buy
Net, funding: paid 7d − costs−$152as in the Funding arb table
Net, price: spread back to 7d avg − costs−$159as in the Price arb table
costs, in and out, $10k−$1691.694% of the position
Funding, last 7 days+0.179%+$18 on $10k
+Price spread, last 2 days (all we have)−0.153%−$15 · spread now +0.296%, 7d avg +0.195%
=Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Binance is 0.101% dearer against Bitget than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.195%.
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 +$7.63 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 BITOUSDT | 11.659 | 0 | get 0.0000% / 8h | 2h 35m | $761K | $745K | 20x |
| Short | Binance BITOUSDT | 11.694 | 0.0763 | get 0.0763% / 8h | 2h 35m | $267K | $2.0M | 25x |
Bitget BITOUSDT
Binance BITOUSDTFunding 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
- $160.31
- Price spread: +0.296% → +0.195%
- $10.1
- Slippage, 4 orders
- −$147.44
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $0.97
- Costs to cover
- 1.694%
- Break-even
- 7.0 days
Slippage from Bitget: live order book, 49 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, 49 min ago | 13.65 bp | 55.4 bp −$55 | 97.4 bp −$974 | doesn't fit | doesn't fit |
| Sell Binance live order book, 13 min ago | 8.55 bp | 35.1 bp −$35 | 125.1 bp −$1,251 | 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 | 11.693 | +0.292% | $37K | $38K | 25x | as long as short |
| Gate BITO_USDT | 0.0000% | 8h | 11.671 | +0.103% | $29K | $30K | 20x | as long as short |
| Bitget BITOUSDTlong | 0.0000% | 8h | 11.659 | long leg | $761K | $745K | 20x | |
| HTX BITO-USDT | 0.0000% | 8h | 11.690 | +0.266% | $5K | $281K | 10x | as long as short |
| edgeX BITOUSDC | +0.0696% | 4h | 11.676 | +0.144% | $24K | $265K | 10x | as long as short |
| Binance BITOUSDTshort | +0.0763% | 8h | 11.694 | +0.296% | $267K | $2.0M | 25x | |
| MEXC BITO_USDT | +0.0770% | 8h | 11.680 | +0.180% | $123K | $85K | 20x | as long as short |
Bybit BITOUSDT
Gate BITO_USDT
HTX BITO-USDT
edgeX BITOUSDC
MEXC BITO_USDT