Funding you earn now, next payment 08:00 UTC+0.0731%/8h= +80.0% APRnext payment +$7.31 per $10,000 · paid last 24h +0.013%
Price spread now: Bybit against Bitget−0.056%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$450.451% of the position
Funding, last 7 days+0.095%+$9 on $10k
+Price spread, last 7 days+0.038%+$4 · spread now −0.056%, 7d avg −0.003%
=Funding pays, the price is against you. Bybit is 0.053% cheaper against Bitget than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of −0.003%). If the spread goes back, that is −$5 on $10k: about 6 hours of funding at the current rate (+$22 a day). At the pace of the last 7 days (+0.095% in total) that is about 3.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.095% in total (about 4.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$7.31 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 COINUSDT | 197.39 | −0.0731 | get 0.0731% / 8h | 4h 00m | $6.2M | $10.4M | 20x |
| Short | Bybit COINUSDT | 197.28 | 0 | get 0.0000% / 8h | 4h 00m | $4.8M | $5.9M | 50x |
Bitget COINUSDT
Bybit COINUSDTFunding 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
- $153.51
- Price spread: −0.056% → −0.003%
- −$5.28
- Slippage, 4 orders
- −$22.09
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $103.14
- Costs to cover
- 0.451%
- Break-even
- 2.3 days
Slippage from Bitget: live order book, 3 min ago; Bybit: 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 Bitget live order book, 3 min ago | 1.77 bp | 10.9 bp −$11 | 17.6 bp −$176 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 3 min ago | 1.77 bp | 10.6 bp −$11 | 30.1 bp −$301 | 165.2 bp −$16.5K | doesn't fit |
COIN on 26 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 COINUSDTlong | −0.0731% | 8h | 197.39 | long leg | $6.2M | $10.4M | 20x | |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.13 | −0.132% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0213% | 8h | 197.31 | −0.041% | $1.2M | $7.3M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0112% | 1h | 196.70 | −0.350% | — | $266K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.39 | 0.000% | $344K | $890K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.23 | −0.083% | $117K | $692K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.31 | −0.043% | $14.8M | $79.6M | 20x | as long as short |
| Bybit COINUSDTshort | 0.0000% | 8h | 197.28 | −0.056% | $4.8M | $5.9M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.25 | −0.071% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.18 | −0.106% | $681K | $935K | — | as long as short |
Injective COIN/USDC PERP
Gate COIN_USDT
Vest COIN-USD-PERP
Aster COINUSDT
Extended COIN_24_5-USD
Binance COINUSDT
OKX COIN-USDT-SWAP
Variational Omni COINShow all 26 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| GRVT COIN_USDT_Perp | 0.0000% | 8h | 197.15 | −0.122% | $12K | $2.3M | 10x | as long as short |
| QFEX COIN-USD | +0.0013% | 1h | 197.25 | −0.071% | $1.3M | $3.2M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.24 | −0.076% | $449K | $1.5M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.25 | −0.071% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.20 | −0.096% | $15.5M | $13.5M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.18 | −0.106% | $134K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.17 | −0.111% | $80 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 197.06 | −0.167% | $349K | $2.7M | 10x | as long as short |
| Lighter COIN | +0.0064% | 1h | 197.27 | −0.060% | $347K | $2.0M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.22 | −0.086% | $993K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 196.96 | −0.218% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.26 | −0.066% | $570 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.23 | −0.079% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.25 | −0.071% | $188K | $393K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 197.15 | −0.122% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0834% | 4h | 197.11 | −0.141% | $51K | $296K | 10x | as long as short |
GRVT COIN_USDT_Perp
QFEX COIN-USD
Lighter RH COIN
Arcus COIN-USD
tradeXYZ xyz:COIN
Polymarket Perps COIN-USD
SoDEX COIN-USD
Ondo Perps COIN-USD.P
Lighter COIN
KuCoin COINUSDTM
ApeX Omni COINUSDT
Orderly PERP_COIN_USDC_mythos
Aevo COIN-PERP
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC