Funding you earn now, next payment 08:00 UTC−0.0700%/8h= −76.6% APRnext payment −$7.00 per $10,000 · paid last 24h −0.013%
Price spread now: Bitget against Bybit+0.086%7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$430.431% of the position
Funding, last 7 days−0.095%−$9 on $10k
+Price spread, last 7 days−0.069%−$7 · spread now +0.086%, 7d avg +0.003%
=The price spread pays, funding is against you. Bitget is 0.083% dearer against Bybit than usual: you sell high and buy low (spread +0.086% now, against its 7-day average of +0.003%): +$8 on $10k if it goes back. Holding the pair costs −$21 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.095% in total) that is about 6.2 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 −$7.00 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 | Bybit COINUSDT | 197.10 | 0 | get 0.0000% / 8h | 4h 46m | $4.9M | $5.9M | 50x |
| Short | Bitget COINUSDT | 197.27 | −0.0700 | pay 0.0700% / 8h | 4h 46m | $6.2M | $10.3M | 20x |
Bybit COINUSDT
Bitget COINUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Bybit. 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
- −$147
- Price spread: +0.086% → +0.003%
- $8.33
- Slippage, 4 orders
- −$20.12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$181.79
- Costs to cover
- 0.431%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 min ago; Bitget: live order book, 2 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 Bybit live order book, 1 min ago | 2.28 bp | 12.1 bp −$12 | 38.5 bp −$385 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 2 min ago | 1.27 bp | 8.6 bp −$9 | 15.3 bp −$153 | 77.3 bp −$7,732 | 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 COINUSDTshort | −0.0700% | 8h | 197.27 | +0.086% | $6.2M | $10.3M | 20x | |
| Injective COIN/USDC PERP | −0.0440% | 1h | 197.07 | −0.015% | $43K | $48K | 30x | as long as short |
| Gate COIN_USDT | −0.0197% | 8h | 197.11 | +0.005% | $1.2M | $7.1M | 50x | as long as short |
| Vest COIN-USD-PERP | −0.0085% | 1h | 196.57 | −0.269% | — | $277K | 25x | as long as short |
| Aster COINUSDT | 0.0000% | 8h | 197.24 | +0.072% | $345K | $885K | 20x | as long as short |
| Extended COIN_24_5-USD | 0.0000% | 1h | 197.09 | −0.007% | $119K | $696K | 10x | as long as short |
| Binance COINUSDT | 0.0000% | 8h | 197.14 | +0.021% | $15.0M | $78.9M | 20x | as long as short |
| Bybit COINUSDTlong | 0.0000% | 8h | 197.10 | long leg | $4.9M | $5.9M | 50x | |
| OKX COIN-USDT-SWAP | 0.0000% | 8h | 197.24 | +0.071% | $3.0M | $4.6M | 20x | as long as short |
| Variational Omni COIN | 0.0000% | 8h | 197.26 | +0.081% | $683K | $938K | — | 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 | +0.026% | $10K | $2.2M | 10x | as long as short |
| QFEX COIN-USD | +0.0013% | 1h | 197.06 | −0.020% | $1.3M | $3.3M | 10x | as long as short |
| Lighter COIN | +0.0032% | 1h | 197.09 | −0.006% | $356K | $2.0M | 10x | as long as short |
| Lighter RH COIN | +0.0032% | 1h | 197.08 | −0.010% | $454K | $1.4M | 10x | as long as short |
| Arcus COIN-USD | +0.0040% | 1h | 197.28 | +0.091% | $15K | $55K | 5x | as long as short |
| tradeXYZ xyz:COIN | +0.0050% | 1h | 197.00 | −0.051% | $15.4M | $13.6M | 10x | as long as short |
| Polymarket Perps COIN-USD | +0.0050% | 1h | 197.00 | −0.051% | $127K | $1.2M | 10x | as long as short |
| SoDEX COIN-USD | +0.0050% | 1h | 197.06 | −0.020% | $68 | $3K | 10x | as long as short |
| Ondo Perps COIN-USD.P | +0.0050% | 1h | 196.91 | −0.096% | $348K | $2.8M | 10x | as long as short |
| KuCoin COINUSDTM | +0.0100% | 8h | 197.05 | −0.025% | $992K | $143K | 20x | as long as short |
| ApeX Omni COINUSDT | +0.0100% | 1h | 197.07 | −0.015% | $89K | $287K | 50x | as long as short |
| Orderly PERP_COIN_USDC_mythos | +0.0100% | 8h | 197.13 | +0.015% | $570 | $4K | 10x | as long as short |
| Aevo COIN-PERP | +0.0104% | 1h | 197.08 | −0.012% | $116 | — | 10x | as long as short |
| BloFin COIN-USDT | +0.0120% | 8h | 197.14 | +0.020% | $188K | $390K | 20x | as long as short |
| Phoenix COIN | +0.0121% | 1h | 197.32 | +0.112% | $5K | $281K | 10x | as long as short |
| edgeX COINUSDC | +0.0733% | 4h | 197.15 | +0.026% | $51K | $295K | 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
BloFin COIN-USDT
Phoenix COIN
edgeX COINUSDC