COST

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0188%/8h= +20.6% APRnext payment +$1.88 per $10,000 · paid last 24h +0.056%

Price spread now: Binance against Bitget+0.032%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$480.483% of the position

Long on Bitget Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.128%+$13 · spread now +0.032%, 7d avg −0.012%

Together, before fees+0.202%+$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Binance is 0.044% dearer against Bitget than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.012%.

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 +$1.88 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 COSTUSDT	898.62	0	get 0.0000% / 8h	5h 39m	$403K	$110K	25x
Short	Binance COSTUSDT	898.91	0.0188	get 0.0188% / 8h	5h 39m	$1.1M	$929K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Bitget. 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 BitgetbpFee BinancebpOrdersPrice spread, now +0.032%Rate

Funding earned: $39.44
Price spread: +0.032% → −0.012%: $4.43
Slippage, 4 orders: −$26.28
Fee Bitget: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$4.42
Costs to cover: 0.483%
Break-even: 7.8 days

Slippage from Bitget: live order book, 16 min ago; Binance: live order book, 8 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, 16 min ago	6.56 bp	13.2 bp −$13	30.2 bp −$302	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	1.61 bp	14.1 bp −$14	52.3 bp −$523	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	898.87	+0.027%	$45K	$178	20x	as long as short
Bybit COSTUSDT	0.0000%	8h	898.78	+0.018%	$491K	$218K	25x	as long as short
OKX COST-USDT-SWAP	0.0000%	8h	899.79	+0.130%	$447K	$109K	10x	as long as short
Gate COST_USDT	0.0000%	8h	898.84	+0.024%	$520K	$8K	25x	as long as short
Bitget COSTUSDTlong	0.0000%	8h	898.62	long leg	$403K	$110K	25x
SunX COST-USDT	0.0000%	8h	898.40	−0.024%	$1K	$3.0M	10x	as long as short
HTX COST-USDT	0.0000%	8h	900.32	+0.189%	$10K	$42K	10x	as long as short
QFEX COST-USD	+0.0005%	1h	898.79	+0.019%	$1.1M	$2.9M	10x	as long as short
Injective COST/USDC PERP	+0.0033%	1h	891.98	−0.739%	$2K	$28K	12x	as long as short
Extended COST-USD	+0.0040%	1h	898.25	−0.041%	—	—	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	898.77	+0.017%	—	—	25x	as long as short
tradeXYZ xyz:COST	+0.0050%	1h	898.63	+0.001%	$1.8M	$515K	20x	as long as short
Variational Omni COST	+0.0074%	8h	898.78	+0.018%	$42K	$17K	—	as long as short
KuCoin COSTUSDTM	+0.0100%	8h	899.10	+0.053%	$47K	$871K	20x	as long as short
Binance COSTUSDTshort	+0.0188%	8h	898.91	+0.032%	$1.1M	$929K	20x