COST

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0326%/8h= −35.7% APRnext payment −$3.26 per $10,000 · paid last 24h −0.056%

Price spread now: Bitget against Binance−0.015%7-day average −0.010% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$540.537% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 2 days (all we have)+0.013%+$1 · spread now −0.015%, 7d avg −0.010%

Together, before fees−0.062%−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: −$10 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 -0.074% in total (about -3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.26 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 COSTUSDT	899.30	0.0326	pay 0.0326% / 8h	6h 26m	$1.1M	$936K	20x
Short	Bitget COSTUSDT	899.17	0	get 0.0000% / 8h	6h 26m	$403K	$111K	25x

Funding 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 it

latest

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

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee BitgetbpOrdersPrice spread, now −0.015%Rate

Funding earned: −$68.49
Price spread: −0.015% → −0.010%: −$0.49
Slippage, 4 orders: −$31.67
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$122.66
Costs to cover: 0.537%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; Bitget: live order book, 34 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, 6 min ago	0.06 bp	12.9 bp −$13	56.6 bp −$566	doesn't fit	doesn't fit
Sell Bitget live order book, 34 min ago	5.90 bp	12.5 bp −$13	30.8 bp −$308	doesn't fit	doesn't fit

COST on 15 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
Aster COSTUSDT	0.0000%	8h	898.93	−0.042%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	899.22	−0.009%	$491K	$218K	25x	as long as short
Gate COST_USDT	0.0000%	8h	899.45	+0.016%	$521K	$8K	25x	as long as short
Bitget COSTUSDTshort	0.0000%	8h	899.17	−0.015%	$403K	$111K	25x
SunX COST-USDT	0.0000%	8h	898.40	−0.101%	$1K	$3.0M	10x	as long as short
HTX COST-USDT	0.0000%	8h	900.56	+0.140%	$10K	$42K	10x	as long as short
OKX COST-USDT-SWAP	+0.0002%	8h	898.88	−0.047%	$444K	$109K	10x	as long as short
QFEX COST-USD	+0.0009%	1h	899.13	−0.019%	$1.1M	$3.0M	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.814%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.117%	—	—	10x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest COST-USD-PERP	+0.0046%	1h	898.92	−0.043%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.67	−0.070%	$1.8M	$525K	20x	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	898.00	−0.145%	$47K	$867K	20x	as long as short
Variational Omni COST	+0.0184%	8h	899.13	−0.019%	$42K	$17K	—	as long as short
Binance COSTUSDTlong	+0.0326%	8h	899.30	long leg	$1.1M	$936K	20x