Funding you earn now, next payment 08:00 UTC−0.0978%/8h= −107.1% APRnext payment −$9.78 per $10,000 · paid last 24h −0.094%
Price spread now: Bitget against Binance−0.263%7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$142as in the Funding arb table
Net, price: spread back to 7d avg − costs−$147as in the Price arb table
costs, in and out, $10k−$1301.303% of the position
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 2 days (all we have)+0.129%+$13 · spread now −0.263%, 7d avg −0.100%
=Both sides work against this trade now: funding costs −$29 a day on $10k at the current rate, and Bitget is 0.163% cheaper against Binance than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.100%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.114% in total (about -5.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$9.78 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 DKNGUSDT | 22.080 | 0.0978 | pay 0.0978% / 8h | 7h 39m | $255K | $608K | 20x |
| Short | Bitget DKNGUSDT | 22.022 | 0 | get 0.0000% / 8h | 7h 39m | $123K | $67K | 20x |
Binance DKNGUSDT
Bitget DKNGUSDTFunding 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
- −$205.36
- Price spread: −0.263% → −0.100%
- −$16.28
- Slippage, 4 orders
- −$108.31
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$351.96
- Costs to cover
- 1.303%
- Break-even
- never at this rate
Slippage from Binance: live order book, 68 min ago; Bitget: live order book, 25 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, 68 min ago | 4.53 bp | 21.1 bp −$21 | 111.8 bp −$1,118 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 25 min ago | 10.19 bp | 58.0 bp −$58 | 76.3 bp −$763 | doesn't fit | doesn't fit |
DKNG on 12 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 DKNGUSDT | 0.0000% | 8h | 22.038 | −0.191% | $1K | $11K | 20x | as long as short |
| Bybit DKNGUSDT | 0.0000% | 8h | 22.030 | −0.226% | $76K | $63K | 25x | as long as short |
| Gate DKNG_USDT | 0.0000% | 8h | 22.068 | −0.054% | $111K | $5K | 20x | as long as short |
| Bitget DKNGUSDTshort | 0.0000% | 8h | 22.022 | −0.263% | $123K | $67K | 20x | |
| SunX DKNG-USDT | 0.0000% | 8h | 22.060 | −0.091% | $957 | $697K | 10x | as long as short |
| HTX DKNG-USDT | 0.0000% | 8h | 22.060 | −0.091% | $6K | $3K | 10x | as long as short |
| Injective DKNG/USDC PERP | +0.0033% | 1h | 21.990 | −0.408% | $707 | $6K | 12x | as long as short |
| OKX DKNG-USDT-SWAP | +0.0204% | 8h | 22.070 | −0.045% | $114K | $111K | 20x | as long as short |
| Variational Omni DKNG | +0.0892% | 8h | 22.062 | −0.083% | $63K | $37K | — | as long as short |
| Binance DKNGUSDTlong | +0.0978% | 8h | 22.080 | long leg | $255K | $608K | 20x |
Aster DKNGUSDT
Bybit DKNGUSDT
Gate DKNG_USDT
SunX DKNG-USDT
HTX DKNG-USDT
Injective DKNG/USDC PERP
OKX DKNG-USDT-SWAP
Variational Omni DKNGShow all 12 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin DKNGUSDTM | +0.1384% | 8h | 22.060 | −0.091% | $87K | $419K | 20x | as long as short |
| tradeXYZ xyz:DKNG | +0.1406% | 1h | 22.091 | +0.050% | $1.7M | $2.1M | 10x | as long as short |
KuCoin DKNGUSDTM
tradeXYZ xyz:DKNG