Funding you earn now, next payment 00:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.84 per $10,000 · paid last 24h +0.547%
Price spread now: Binance against Bitget−0.117%7-day average −0.076% · you buy dearer than you sell
Net, funding: paid 7d − costs+$8as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$840.837% of the position
Funding, last 7 days+0.921%+$92 on $10k
+Price spread, last 2 days (all we have)−0.519%−$52 · spread now −0.117%, 7d avg −0.076%
=Funding pays, the price is against you. Binance is 0.041% cheaper against Bitget than usual: you would sell low and buy high (spread −0.117% now, against its 7-day average of −0.076%). If the spread goes back, that is −$4 on $10k: about 39 hours of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.921% in total) that is about 7 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget BNCUSDT | 6.5945 | 0 | get 0.0000% / 8h | 2h 31m | $1.2M | $3.8M | 5x |
| Short | Binance BNCUSDT | 6.5868 | 0.0084 | get 0.0084% / 8h | 2h 31m | $15.4M | $36.4M | 10x |
Bitget BNCUSDT
Binance BNCUSDTFunding 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
- $17.55
- Price spread: −0.117% → −0.076%
- −$4.07
- Slippage, 4 orders
- −$61.71
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$70.23
- Costs to cover
- 0.837%
- Break-even
- 35.0 days
Slippage from Bitget: live order book, 1 min ago; Binance: live order book, 10 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, 1 min ago | 3.19 bp | 24.8 bp −$25 | 69.3 bp −$693 | 129.2 bp −$12.9K | doesn't fit |
| Sell Binance live order book, 10 min ago | 0.76 bp | 22.6 bp −$23 | 63.8 bp −$638 | 421.9 bp −$42.2K | doesn't fit |
BNC on 9 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 BNCUSD1 | 0.0000% | 8h | 6.5836 | −0.165% | $189K | $23K | 10x | as long as short |
| Bybit BNCUSDT | 0.0000% | 8h | 6.5890 | −0.083% | $595K | $2.4M | 25x | as long as short |
| Bitget BNCUSDTlong | 0.0000% | 8h | 6.5945 | long leg | $1.2M | $3.8M | 5x | |
| Variational Omni BNC | 0.0000% | 8h | 6.5828 | −0.178% | $106K | $57K | — | as long as short |
| Bullet BNC-USD | 0.0000% | 1h | 6.5908 | −0.056% | $10K | $74K | 10x | as long as short |
| HTX BNC-USDT | 0.0000% | 8h | 6.5920 | −0.038% | $14K | $32K | 10x | as long as short |
| QFEX BNC-USD | +0.0080% | 1h | 6.5900 | −0.068% | $54K | $40K | 10x | as long as short |
| Binance BNCUSDTshort | +0.0084% | 8h | 6.5868 | −0.117% | $15.4M | $36.4M | 10x | |
| KuCoin BNCUSDTM | +0.0100% | 8h | 6.5970 | +0.038% | $59K | $3.0M | 20x | as long as short |
Aster BNCUSD1
Bybit BNCUSDT
Variational Omni BNC
Bullet BNC-USD
HTX BNC-USDT
QFEX BNC-USD
KuCoin BNCUSDTM