Funding you earn now, next payment 16:00 UTC−0.0177%/8h= −19.4% APRnext payment −$1.77 per $10,000 · paid last 24h −0.073%
Price spread now: Bybit against Bitget+0.116%7-day average +0.153% · you sell dearer than you buy
Net, funding: paid 7d − costs−$164as in the Funding arb table
Net, price: spread back to 7d avg − costs−$186as in the Price arb table
costs, in and out, $10k−$1821.820% of the position
Funding, last 7 days+0.176%+$18 on $10k
+Price spread, last 7 days+0.022%+$2 · spread now +0.116%, 7d avg +0.153%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.037% cheaper against Bitget than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.153%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.176%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget MCDUSDT | 249.23 | 0.0177 | pay 0.0177% / 8h | 5h 31m | $2.5M | $521K | 20x |
| Short | Bybit MCDUSDT | 249.52 | 0 | get 0.0000% / 8h | 5h 31m | $577K | $779K | 25x |
Bitget MCDUSDT
Bybit MCDUSDTFunding 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
- −$37.17
- Price spread: +0.116% → +0.153%
- −$3.65
- Slippage, 4 orders
- −$158.95
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$222.77
- Costs to cover
- 1.820%
- Break-even
- never at this rate
Slippage from Bitget: live order book, 9 min ago; Bybit: live order book, 57 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, 9 min ago | 1.00 bp | 19.5 bp −$20 | 54.0 bp −$540 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 57 min ago | 8.02 bp | 74.6 bp −$75 | doesn't fit | doesn't fit | doesn't fit |
MCD on 4 exchanges
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 MCDUSDTshort | 0.0000% | 8h | 249.52 | +0.116% | $577K | $779K | 25x | |
| Gate MCD_USDT | 0.0000% | 8h | 250.37 | +0.457% | $680K | $183K | 25x | as long as short |
| KuCoin MCDUSDTM | +0.0100% | 8h | 249.72 | +0.197% | $100K | $362K | 10x | as long as short |
| Bitget MCDUSDTlong | +0.0177% | 8h | 249.23 | long leg | $2.5M | $521K | 20x |
Gate MCD_USDT
KuCoin MCDUSDTM