Funding you earn now, next payment 08:00 UTC−0.0302%/8h= −33.0% APRnext payment −$3.02 per $10,000 · paid last 24h 0.000%
Price spread now: Bitget against Binance+0.191%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$211as in the Funding arb table
Net, price: spread back to 7d avg − costs−$181as in the Price arb table
costs, in and out, $10k−$1991.993% of the position
Funding, last 7 days−0.121%−$12 on $10k
+Price spread, last 4 days (all we have)−0.146%−$15 · spread now +0.191%, 7d avg +0.011%
=The price spread pays, funding is against you. Bitget is 0.180% dearer against Binance than usual: you sell high and buy low (spread +0.191% now, against its 7-day average of +0.011%): +$18 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 48 hours. At the pace of the last 7 days (−0.121% in total) that is about 10 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.121% in total (about -6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.02 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 GEVUSDT | 948.68 | 0.0302 | pay 0.0302% / 8h | 3h 31m | $1.5M | $722K | 25x |
| Short | Bitget GEVUSDT | 950.49 | 0 | get 0.0000% / 8h | 3h 31m | $492K | $93K | 20x |
Binance GEVUSDT
Bitget GEVUSDTFunding 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
- −$63.33
- Price spread: +0.191% → +0.011%
- $17.97
- Slippage, 4 orders
- −$177.27
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$244.63
- Costs to cover
- 1.993%
- Break-even
- never at this rate
Slippage from Binance: live order book, 2 min ago; Bitget: live order book, 19 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, 2 min ago | 1.84 bp | 24.2 bp −$24 | 84.4 bp −$844 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 19 min ago | 6.63 bp | 82.3 bp −$82 | 106.1 bp −$1,061 | doesn't fit | doesn't fit |
GEV on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bybit GEVUSDT | 0.0000% | 8h | 947.52 | −0.122% | $314K | $229K | 25x | as long as short |
| OKX GEV-USDT-SWAP | 0.0000% | 8h | 949.37 | +0.073% | $610K | $186K | 25x | as long as short |
| Gate GEV_USDT | 0.0000% | 8h | 950.10 | +0.150% | $294K | $18K | 20x | as long as short |
| Bitget GEVUSDTshort | 0.0000% | 8h | 950.49 | +0.191% | $492K | $93K | 20x | |
| HTX GEV-USDT | 0.0000% | 8h | 949.49 | +0.085% | $9K | $37K | 10x | as long as short |
| Lighter GEV | +0.0032% | 1h | 949.30 | +0.065% | $3K | $750 | 10x | as long as short |
| Binance GEVUSDTlong | +0.0302% | 8h | 948.68 | long leg | $1.5M | $722K | 25x | |
| tradeXYZ xyz:GEV | +0.0384% | 1h | 947.55 | −0.119% | $584K | $152K | 10x | as long as short |
Bybit GEVUSDT
OKX GEV-USDT-SWAP
Gate GEV_USDT
HTX GEV-USDT
Lighter GEV
tradeXYZ xyz:GEV