Funding you earn now, next payment 08:00 UTC−0.0444%/8h= −48.6% APRnext payment −$4.44 per $10,000 · paid last 24h −0.016%
Price spread now: Bitget against Binance+0.035%7-day average +0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$330.331% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 2 days (all we have)−0.010%−$1 · spread now +0.035%, 7d avg +0.036%
=The price spread sits at its 7-day average of +0.036%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.006% in total (about -0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.44 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 | Binance COINUSDT | 198.18 | 0 | get 0.0000% / 8h | 6h 25m | $14.9M | $78.0M | 20x |
| Short | Bitget COINUSDT | 198.25 | −0.0444 | pay 0.0444% / 8h | 6h 25m | $6.5M | $10.2M | 20x |
Binance COINUSDT
Bitget COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Binance. 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
- −$93.24
- Price spread: +0.035% → +0.036%
- −$0.09
- Slippage, 4 orders
- −$11.09
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$126.42
- Costs to cover
- 0.331%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; Bitget: live order book, 3 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 Binance live order book, 2 min ago | 0.25 bp | 6.5 bp −$7 | 15.9 bp −$159 | 64.2 bp −$6,417 | doesn't fit |
| Sell Bitget live order book, 3 min ago | 1.77 bp | 9.5 bp −$10 | 24.3 bp −$243 | doesn't fit | doesn't fit |
COIN on 25 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 COINUSDTshort | −0.0444% | 8h | 198.25 | +0.035% | $6.5M | $10.2M | 20x | |
| Injective COIN/USDC PERP | −0.0440% | 1h | 198.21 | +0.015% | $44K | $48K | 30x | as long as short |
| Vest COIN-USD-PERP | −0.0028% | 1h | 197.72 | −0.233% | — | $297K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 198.12 | −0.031% | $366K | $856K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 198.13 | −0.025% | $117K | $696K | 10x | as long as short |
| Binance COINUSDTlong | 0.0000% | 8h | 198.18 | long leg | $14.9M | $78.0M | 20x | |
| Bybit COINUSDT | 0.0000% | 8h | 198.18 | −0.001% | $4.9M | $5.9M | 50x | as long as short |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 198.15 | −0.016% | $3.1M | $4.6M | 20x | as long as short |
| Gate COIN_USDT | 0.0000% | 8h | 198.12 | −0.031% | $1.3M | $7.0M | 50x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 198.30 | +0.061% | $820K | $1.0M | — | as long as short |
Injective COIN/USDC PERP
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Bybit COINUSDT
OKX COIN-USDT-SWAP
Gate COIN_USDT
Variational Omni COINShow all 25 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 198.04 | −0.071% | $15K | $2.1M | 10x | as long as short |
| QFEX COIN-USD | +0.0028% | 1h | 198.11 | −0.036% | $1.3M | $3.7M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 198.15 | −0.018% | $390K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 198.06 | −0.061% | $437K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 198.08 | −0.051% | $16K | $53K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 198.08 | −0.051% | $15.9M | $13.5M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 198.06 | −0.061% | $124K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 198.12 | −0.031% | $94 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.69 | −0.248% | $351K | $3.2M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.99 | −0.096% | $984K | $138K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.73 | −0.228% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 198.07 | −0.056% | $573 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 198.14 | −0.021% | $117 | — | 10x | as long as short |
| Phoenix COIN | +0.0160% | 1h | 198.15 | −0.016% | $5K | $251K | 10x | as long as short |
| edgeX COINUSDC | +0.0578% | 4h | 198.00 | −0.089% | $51K | $294K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter COIN
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
Phoenix COIN
edgeX COINUSDC