Funding you earn now, next payment 08:00 UTC+0.0293%/8h= +32.1% APRnext payment +$2.93 per $10,000 · paid last 24h +0.047%
Price spread now: Binance against Bitget+0.083%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$134as in the Price arb table
costs, in and out, $10k−$1391.386% of the position
Funding, last 7 days+0.103%+$10 on $10k
+Price spread, last 2 days (all we have)−0.116%−$12 · spread now +0.083%, 7d avg +0.037%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Binance is 0.046% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.037%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.103% in total (about 5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.93 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 LRCXUSDT | 305.96 | 0 | get 0.0000% / 8h | 6h 24m | $322K | $189K | 20x |
| Short | Binance LRCXUSDT | 306.21 | 0.0293 | get 0.0293% / 8h | 6h 24m | $852K | $2.8M | 20x |
Bitget LRCXUSDT
Binance LRCXUSDTFunding 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
- $61.47
- Price spread: +0.083% → +0.037%
- $4.61
- Slippage, 4 orders
- −$116.61
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$72.53
- Costs to cover
- 1.386%
- Break-even
- 15.3 days
Slippage from Bitget: live order book, 35 min ago; Binance: live order book, 11 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, 35 min ago | 16.58 bp | 66.0 bp −$66 | 82.3 bp −$823 | doesn't fit | doesn't fit |
| Sell Binance live order book, 11 min ago | 2.62 bp | 18.8 bp −$19 | 74.8 bp −$748 | doesn't fit | doesn't fit |
LRCX on 11 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 LRCXUSDT | 0.0000% | 8h | 305.52 | −0.144% | $353K | $529K | 25x | as long as short |
| OKX LRCX-USDT-SWAP | 0.0000% | 8h | 304.84 | −0.366% | $385K | $311K | 20x | as long as short |
| Gate LRCX_USDT | 0.0000% | 8h | 305.80 | −0.052% | $263K | $435K | 20x | as long as short |
| Bitget LRCXUSDTlong | 0.0000% | 8h | 305.96 | long leg | $322K | $189K | 20x | |
| Extended LRCX_24_5-USD | +0.0040% | 1h | 305.31 | −0.211% | — | — | 10x | as long as short |
| Vest LRCX-USD-PERP | +0.0046% | 1h | 305.80 | −0.052% | — | $4K | 10x | as long as short |
| QFEX LRCX-USD | +0.0051% | 1h | 305.90 | −0.020% | $1.1M | $2.8M | 10x | as long as short |
| KuCoin LRCXUSDTM | +0.0100% | 8h | 305.66 | −0.098% | $179K | $730K | 20x | as long as short |
| HTX LRCX-USDT | +0.0100% | 8h | 306.19 | +0.075% | $8K | $352K | 10x | as long as short |
| Binance LRCXUSDTshort | +0.0293% | 8h | 306.21 | +0.083% | $852K | $2.8M | 20x |
Bybit LRCXUSDT
OKX LRCX-USDT-SWAP
Gate LRCX_USDT
Extended LRCX_24_5-USD
Vest LRCX-USD-PERP
QFEX LRCX-USD
KuCoin LRCXUSDTM
HTX LRCX-USDTShow all 11 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paragon para:LRCX | +0.1286% | 1h | 305.47 | −0.160% | $435K | $60K | 10x | as long as short |
Paragon para:LRCX