Funding you earn now, next payment 08:00 UTC−0.0871%/8h= −95.3% APRpaid last 24h +0.049%
Price spread now: tradeXYZ against Bitget−0.405%7-day average −0.373% · you buy dearer than you sell
Net, funding: paid 7d − costs−$88as in the Funding arb table
Net, price: spread back to 7d avg − costs−$137as in the Price arb table
costs, in and out, $10k−$1341.343% of the position
Funding, last 7 days+0.463%+$46 on $10k
+Price spread, last 4 days (all we have)−0.055%−$6 · spread now −0.405%, 7d avg −0.373%
=Together, before fees+0.408%+ Points / potential airdroptradeXYZ: Active · farm board+$41 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and tradeXYZ is 0.031% cheaper against Bitget than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.373%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.463%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.463% in total (about 24.1% a year). A funding rate is set anew for every payment. 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 BOTUSDT | 29.170 | −0.0133 | get 0.0133% / 8h | 18m 19s | $242K | $130K | 5x |
| Short | tradeXYZ xyz:BOT | 29.052 | −0.1004 | pay 0.0125% / 1h | 18m 19s | $3.0M | $800K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
tradeXYZ 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
- −$182.81
- Price spread: −0.405% → −0.373%
- −$3.13
- Slippage, 4 orders
- −$104.3
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee tradeXYZ: 9 bp × 2 orders
- −$18
- Net
- −$320.24
- Costs to cover
- 1.343%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 11 min ago; tradeXYZ: 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, 11 min ago | 13.74 bp | 58.4 bp −$58 | 92.8 bp −$928 | doesn't fit | doesn't fit |
| Sell tradeXYZ live order book, 10 min ago | 0.17 bp | 22.0 bp −$22 | doesn't fit | doesn't fit | doesn't fit |
BOT on 12 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX BOT-USDT-SWAP | −0.1863% | 8h | 29.110 | −0.206% | $232K | $222K | 20x | as long as short |
| tradeXYZ xyz:BOTshort | −0.1004% | 1h | 29.052 | −0.405% | $3.0M | $800K | 10x | |
| KuCoin BOTUSDTM | −0.0874% | 8h | 29.080 | −0.309% | $92K | $407K | 20x | as long as short |
| Binance BOTUSDT | −0.0680% | 8h | 29.100 | −0.240% | $457K | $1.2M | 10x | as long as short |
| Variational Omni BOT | −0.0579% | 8h | 29.080 | −0.309% | $33K | $16K | — | as long as short |
| Bitget BOTUSDTlong | −0.0133% | 8h | 29.170 | long leg | $242K | $130K | 5x | |
| QFEX BOT-USD | −0.0012% | 1h | 29.080 | −0.309% | $1.2M | $485K | 10x | as long as short |
| Bybit BOTUSDT | 0.0000% | 8h | 29.060 | −0.377% | $511K | $576K | 25x | as long as short |
| Gate BOT_USDT | 0.0000% | 8h | 29.170 | 0.000% | $250K | $230K | 20x | as long as short |
| Lighter BOT | +0.0032% | 1h | 29.299 | +0.442% | $67K | $1K | 3x | as long as short |
Show all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Arcus BOT-USD | +0.0040% | 1h | 29.040 | −0.446% | $3K | $9K | 5x | as long as short |
| HTX BOT-USDT | +0.0100% | 8h | 29.094 | −0.261% | $4K | $34K | 10x | as long as short |
Bitget BOTUSDT
tradeXYZ xyz:BOT
OKX BOT-USDT-SWAP
KuCoin BOTUSDTM
Binance BOTUSDT
Variational Omni BOT
Bybit BOTUSDT
Gate BOT_USDT
Lighter BOT
HTX BOT-USDT