Funding you earn now, next payment 08:00 UTC+0.0140%/8h= +15.3% APRnext payment +$1.40 per $10,000 · paid last 24h +0.016%
Price spread now: Binance against Bitget−0.170%7-day average +0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$113as in the Funding arb table
Net, price: spread back to 7d avg − costs−$139as in the Price arb table
costs, in and out, $10k−$1181.181% of the position
Funding, last 7 days+0.053%+$5 on $10k
+Price spread, last 4 days (all we have)+0.480%+$48 · spread now −0.170%, 7d avg +0.037%
=Funding pays, the price is against you. Binance is 0.207% cheaper against Bitget than usual: you would sell low and buy high (spread −0.170% now, against its 7-day average of +0.037%). If the spread goes back, that is −$21 on $10k: about 4.9 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.053% in total) that is about 27 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget KLACUSDT | 182.77 | −0.0140 | get 0.0140% / 8h | 1h 58m | $698K | $170K | 20x |
| Short | Binance KLACUSDT | 182.46 | 0 | get 0.0000% / 8h | 1h 58m | $1.2M | $1.3M | 20x |
Bitget KLACUSDT
Binance KLACUSDTFunding 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $29.4
- Price spread: −0.170% → +0.037%
- −$20.69
- Slippage, 4 orders
- −$96.05
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$109.34
- Costs to cover
- 1.181%
- Break-even
- 33.0 days
Slippage from Bitget: live order book, 47 min ago; Binance: live order book, 4 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, 47 min ago | 8.17 bp | 21.9 bp −$22 | 31.4 bp −$314 | doesn't fit | doesn't fit |
| Sell Binance live order book, 4 min ago | 5.73 bp | 20.7 bp −$21 | 89.4 bp −$894 | doesn't fit | doesn't fit |
KLAC on 10 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 KLACUSDTlong | −0.0140% | 8h | 182.77 | long leg | $698K | $170K | 20x | |
| Binance KLACUSDTshort | 0.0000% | 8h | 182.46 | −0.170% | $1.2M | $1.3M | 20x | |
| Bybit KLACUSDT | 0.0000% | 8h | 182.58 | −0.104% | $313K | $720K | 25x | as long as short |
| OKX KLAC-USDT-SWAP | 0.0000% | 8h | 182.73 | −0.022% | $383K | $271K | 20x | as long as short |
| Gate KLAC_USDT | 0.0000% | 8h | 182.68 | −0.049% | $463K | $36K | 20x | as long as short |
| Variational Omni KLAC | 0.0000% | 8h | 183.15 | +0.206% | $20K | $27K | — | as long as short |
| Extended KLAC_24_5-USD | +0.0040% | 1h | 182.09 | −0.369% | $5K | $4K | 10x | as long as short |
| Vest KLAC-USD-PERP | +0.0046% | 1h | 182.44 | −0.181% | — | $6K | 10x | as long as short |
| KuCoin KLACUSDTM | +0.0100% | 8h | 182.48 | −0.159% | $202K | $915K | 20x | as long as short |
| HTX KLAC-USDT | +0.0100% | 8h | 182.50 | −0.148% | $9K | $353K | 10x | as long as short |
Bybit KLACUSDT
OKX KLAC-USDT-SWAP
Gate KLAC_USDT
Variational Omni KLAC
Extended KLAC_24_5-USD
Vest KLAC-USD-PERP
KuCoin KLACUSDTM
HTX KLAC-USDT