Funding you earn now, next payment 08:00 UTC+0.0887%/8h= +97.1% APRnext payment +$8.87 per $10,000 · paid last 24h −0.054%
Price spread now: Bybit against Bitget+0.162%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$506as in the Funding arb table
Net, price: spread back to 7d avg − costs−$486as in the Price arb table
costs, in and out, $10k−$5055.047% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.162%, 7d avg −0.029%
=Both sides work for this trade now. Funding pays +$27 a day on $10k at the current rate, and Bybit is 0.191% dearer against Bitget than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.029%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.009% in total (about -0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$8.87 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 FWDIUSDT | 8.0280 | −0.0903 | get 0.0903% / 8h | 1h 06m | $427K | $173K | 5x |
| Short | Bybit FWDIUSDT | 8.0410 | −0.0016 | pay 0.0016% / 8h | 1h 06m | $359K | $301K | 25x |
Bitget FWDIUSDT
Bybit FWDIUSDTFunding 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
- $186.24
- Price spread: +0.162% → −0.029%
- $19.09
- Slippage, 4 orders
- −$481.74
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$299.4
- Costs to cover
- 5.047%
- Break-even
- 18.3 days
Slippage from Bitget: live order book, 29 min ago; Bybit: live order book, 33 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, 29 min ago | 13.09 bp | 118.8 bp −$119 | 130.8 bp −$1,308 | 334.4 bp −$33.4K | doesn't fit |
| Sell Bybit live order book, 33 min ago | 9.96 bp | 125.6 bp −$126 | 234.5 bp −$2,345 | doesn't fit | doesn't fit |
FWDI on 7 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 FWDIUSDTlong | −0.0903% | 8h | 8.0280 | long leg | $427K | $173K | 5x | |
| Binance FWDIUSDT | −0.0446% | 8h | 8.0380 | +0.125% | $450K | $1.5M | 10x | as long as short |
| OKX FWDI-USDT-SWAP | −0.0413% | 8h | 8.0220 | −0.075% | $318K | $243K | 10x | as long as short |
| Variational Omni FWDI | −0.0127% | 8h | 8.0340 | +0.075% | $114K | $955 | — | as long as short |
| Bybit FWDIUSDTshort | −0.0016% | 8h | 8.0410 | +0.162% | $359K | $301K | 25x | |
| QFEX FWDI-USD | 0.0000% | 1h | 8.0200 | −0.100% | $1.1M | $363K | 10x | as long as short |
| HTX FWDI-USDT | 0.0000% | 8h | 8.0350 | +0.087% | $7K | $63K | 10x | as long as short |
Binance FWDIUSDT
OKX FWDI-USDT-SWAP
Variational Omni FWDI
QFEX FWDI-USD
HTX FWDI-USDT