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Funding arb · Price arb /

BX

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0848%/8h= +92.8% APRnext payment +$8.48 per $10,000 · paid last 24h +0.004%
Price spread now: Binance against Bitget−0.024%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costs−$573as in the Funding arb table
Net, price: spread back to 7d avg − costs−$564as in the Price arb table
costs, in and out, $10k−$5635.631% of the position
Long on BitgetShort on Binance
What this pair did over the last
the charts below follow
Funding, last 7 days−0.094%−$9 on $10k
Price spread, last 2 days (all we have)+0.069%+$7 · spread now −0.024%, 7d avg −0.012%
Together, before fees−0.025%−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.012%, so right now this pair is about funding alone: +$25 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.094%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.094% in total (about -4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.48 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget BXUSDT126.580get 0.0000% / 8h1h 43m$903K$46K20x
ShortBinance BXUSDT126.550.0848get 0.0848% / 8h1h 43m$805K$454K20x

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

Profit calculator

Funding earned
$178.07
Price spread: −0.024% → −0.012%
−$1.23
Slippage, 4 orders
−$541.06
Fee Bitget: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$386.22
Costs to cover
5.631%
Break-even
22.2 days
Slippage from Bitget: live order book, 37 min ago; Binance: live order book, 18 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 Bitget live order book, 37 min ago18.19 bp451.1 bp −$451843.7 bp −$8,437doesn't fitdoesn't fit
Sell Binance live order book, 18 min ago1.58 bp38.1 bp −$38177.8 bp −$1,778doesn't fitdoesn't fit

BX on 14 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
QFEX BX-USD−0.0080%1h126.63+0.040%$1.1M$1.2M10xas long as short
Aster BXUSDT0.0000%8h126.21−0.295%$5K$2K20xas long as short
Bybit BXUSDT0.0000%8h126.52−0.047%$500K$855K25xas long as short
Gate BX_USDT0.0000%8h126.43−0.119%$425K$20K20xas long as short
Bitget BXUSDTlong0.0000%8h126.58long leg$903K$46K20x
SunX BX-USDT0.0000%8h126.54−0.032%$1K$301K10xas long as short
HTX BX-USDT0.0000%8h126.76+0.142%$7K$3K20xas long as short
OKX BX-USDT-SWAP+0.0020%8h126.37−0.166%$159K$101K20xas long as short
Injective BX/USDC PERP+0.0220%1h126.23−0.277%$1K$27K12xas long as short
Variational Omni BX+0.0562%8h126.49−0.072%$31K$127—as long as short
Show all 14 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin BXUSDTM+0.0566%8h126.47−0.087%$112K$1.2M20xas long as short
tradeXYZ xyz:BX+0.0608%1h126.38−0.158%$663K$177K10xas long as short
Binance BXUSDTshort+0.0848%8h126.55−0.024%$805K$454K20x
GRVT BX_USDT_Perp+0.1704%8h126.50−0.063%$1K$126K10xas long as short