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Funding arb · Price arb /

BNC

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0231%/8h= −25.3% APRnext payment −$2.31 per $10,000 · paid last 24h −0.641%
Price spread now: Bitget against Binance+0.284%7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$231as in the Funding arb table
Net, price: spread back to 7d avg − costs−$113as in the Price arb table
costs, in and out, $10k−$1421.417% of the position
Long on BinanceShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days−0.898%−$90 on $10k
Price spread, last 7 days−0.121%−$12 · spread now +0.284%, 7d avg −0.002%
Together, before fees−1.019%−$102 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bitget is 0.286% dearer against Binance than usual: you sell high and buy low (spread +0.284% now, against its 7-day average of −0.002%): +$29 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 4.1 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance BNCUSDT6.2620−0.0955get 0.0955% / 8h41m 40s$13.4M$40.6M10x
ShortBitget BNCUSDT6.2798−0.1186pay 0.1186% / 8h41m 40s$792K$4.2M5x

Funding 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 it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
−$48.5
Price spread: +0.284% → −0.002%
$28.64
Slippage, 4 orders
−$119.69
Fee Binance: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$161.55
Costs to cover
1.417%
Break-even
never at this rate
Slippage from Binance: live order book, 15 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
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 15 min ago2.41 bp18.9 bp −$1993.8 bp −$938doesn't fitdoesn't fit
Sell Bitget live order book, 1 min ago4.22 bp49.0 bp −$4966.5 bp −$665117.2 bp −$11.7Kdoesn't fit

BNC on 9 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget BNCUSDTshort−0.1186%8h6.2798+0.284%$792K$4.2M5x
Binance BNCUSDTlong−0.0955%8h6.2620long leg$13.4M$40.6M10x
Variational Omni BNC−0.0815%8h6.2568−0.083%$117K$141K—as long as short
Aster BNCUSD1−0.0484%8h6.2676+0.089%$180K$22K10xas long as short
Bybit BNCUSDT−0.0387%8h6.26200.000%$563K$1.9M25xas long as short
Bullet BNC-USD0.0000%1h6.2641+0.033%$9K$69K10xas long as short
HTX BNC-USDT0.0000%8h6.2510−0.176%$14K$27K10xas long as short
QFEX BNC-USD+0.0032%1h6.2700+0.128%$49K$13K10xas long as short
KuCoin BNCUSDTM+0.0100%8h6.2700+0.128%$41K$3.0M20xas long as short