Funding you earn now, next payment 08:00 UTC+0.0733%/8h= +80.3% APRnext payment +$7.33 per $10,000 · paid last 24h +0.161%
Price spread now: Bitget against Gate−0.631%7-day average −0.181% · you buy dearer than you sell
Net, funding: paid 7d − costs−$331as in the Funding arb table
Net, price: spread back to 7d avg − costs−$404as in the Price arb table
costs, in and out, $10k−$3593.588% of the position
Funding, last 7 days+0.283%+$28 on $10k
+Price spread, last 4 days (all we have)+0.559%+$56 · spread now −0.631%, 7d avg −0.181%
=Funding pays, the price is against you. Bitget is 0.451% cheaper against Gate than usual: you would sell low and buy high (spread −0.631% now, against its 7-day average of −0.181%). If the spread goes back, that is −$45 on $10k: about 2.0 days of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.283% in total) that is about 11 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.283% in total (about 14.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.33 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 | Gate BYD_USDT | 10.456 | 0.0075 | pay 0.0075% / 8h | 4h 02m | $156K | $53K | 20x |
| Short | Bitget BYDUSDT | 10.390 | 0.0808 | get 0.0808% / 8h | 4h 02m | $153K | $231K | 20x |
Gate BYD_USDT
Bitget BYDUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. 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
- $153.93
- Price spread: −0.631% → −0.181%
- −$45.06
- Slippage, 4 orders
- −$331.82
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$249.96
- Costs to cover
- 3.588%
- Break-even
- 18.4 days
Slippage from Gate: live order book, 48 min ago; Bitget: live order book, 48 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 Gate live order book, 48 min ago | 11.42 bp | 110.7 bp −$111 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 48 min ago | 11.50 bp | 19.5 bp −$20 | 32.1 bp −$321 | doesn't fit | doesn't fit |
BYD on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| SunX BYD-USDT | 0.0000% | 4h | 10.390 | −0.631% | — | $2.2M | 10x | as long as short |
| HTX BYD-USDT | 0.0000% | 4h | 10.410 | −0.440% | $9K | $267K | 20x | as long as short |
| Gate BYD_USDTlong | +0.0075% | 8h | 10.456 | long leg | $156K | $53K | 20x | |
| KuCoin BYDUSDTM | +0.0100% | 8h | 10.411 | −0.430% | $13K | $1.7M | 20x | as long as short |
| Bybit BYDUSDT | +0.0274% | 8h | 10.400 | −0.536% | $78K | $12K | 25x | as long as short |
| edgeX BYDUSDC | +0.0545% | 4h | 10.394 | −0.590% | $43K | $430K | 10x | as long as short |
| Bitget BYDUSDTshort | +0.0808% | 8h | 10.390 | −0.631% | $153K | $231K | 20x | |
| Binance BYDUSDT | +0.1405% | 4h | 10.395 | −0.582% | $1.4M | $883K | 20x | as long as short |
SunX BYD-USDT
HTX BYD-USDT
KuCoin BYDUSDTM
Bybit BYDUSDT
edgeX BYDUSDC
Binance BYDUSDT