Funding you earn now, next payment 08:00 UTC+0.1535%/8h= +168.1% APRnext payment +$15.35 per $10,000 · paid last 24h +0.550%
Price spread now: Bybit against Bitget−0.393%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$259as in the Funding arb table
Net, price: spread back to 7d avg − costs−$344as in the Price arb table
costs, in and out, $10k−$3063.063% of the position
Funding, last 7 days+0.470%+$47 on $10k
+Price spread, last 7 days+0.219%+$22 · spread now −0.393%, 7d avg −0.015%
=Funding pays, the price is against you. Bybit is 0.378% cheaper against Bitget than usual: you would sell low and buy high (spread −0.393% now, against its 7-day average of −0.015%). If the spread goes back, that is −$38 on $10k: about 20 hours of funding at the current rate (+$46 a day). At the pace of the last 7 days (+0.470% in total) that is about 5.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.470% in total (about 24.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$15.35 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 BNCUSDT | 6.2064 | −0.2581 | get 0.2581% / 8h | 2h 22m | $782K | $4.2M | 5x |
| Short | Bybit BNCUSDT | 6.1820 | −0.1046 | pay 0.1046% / 8h | 2h 22m | $560K | $2.1M | 25x |
Bitget BNCUSDT
Bybit BNCUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $322.34
- Price spread: −0.393% → −0.015%
- −$37.8
- Slippage, 4 orders
- −$283.27
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$21.73
- Costs to cover
- 3.063%
- Break-even
- 7.5 days
Slippage from Bitget: live order book, 5 min ago; Bybit: live order book, 4 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, 5 min ago | 6.67 bp | 34.2 bp −$34 | 92.8 bp −$928 | 207.8 bp −$20.8K | doesn't fit |
| Sell Bybit live order book, 4 min ago | 6.46 bp | 106.0 bp −$106 | 218.9 bp −$2,189 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget BNCUSDTlong | −0.2581% | 8h | 6.2064 | long leg | $782K | $4.2M | 5x | |
| Binance BNCUSDT | −0.1295% | 8h | 6.1842 | −0.357% | $13.3M | $41.3M | 10x | as long as short |
| Variational Omni BNC | −0.1175% | 8h | 6.1880 | −0.297% | $115K | $142K | — | as long as short |
| Bybit BNCUSDTshort | −0.1046% | 8h | 6.1820 | −0.393% | $560K | $2.1M | 25x | |
| Aster BNCUSD1 | −0.0696% | 8h | 6.1777 | −0.462% | $177K | $22K | 10x | as long as short |
| HTX BNC-USDT | −0.0063% | 8h | 6.2110 | +0.074% | $14K | $27K | 10x | as long as short |
| QFEX BNC-USD | −0.0022% | 1h | 6.2000 | −0.103% | $49K | $13K | 10x | as long as short |
| Bullet BNC-USD | 0.0000% | 1h | 6.1826 | −0.384% | $9K | $69K | 10x | as long as short |
| KuCoin BNCUSDTM | +0.0006% | 8h | 6.1850 | −0.345% | $35K | $3.0M | 20x | as long as short |
Binance BNCUSDT
Variational Omni BNC
Aster BNCUSD1
HTX BNC-USDT
QFEX BNC-USD
Bullet BNC-USD
KuCoin BNCUSDTM