Funding you earn now, next payment 12:00 UTC−0.1880%/8h= −205.9% APRpaid last 24h −0.245%
Price spread now: Bitget against Binance+0.054%7-day average −0.009% · you sell dearer than you buy
Net, funding: paid 7d − costs−$259as in the Funding arb table
Net, price: spread back to 7d avg − costs−$218as in the Price arb table
costs, in and out, $10k−$2242.240% of the position
Funding, last 7 days−0.351%−$35 on $10k
+Price spread, last 2 days (all we have)−0.188%−$19 · spread now +0.054%, 7d avg −0.009%
=The price spread pays, funding is against you. Bitget is 0.063% dearer against Binance than usual: you sell high and buy low (spread +0.054% now, against its 7-day average of −0.009%): +$6 on $10k if it goes back. Holding the pair costs −$56 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.351% in total) that is about 30 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.351% in total (about -18.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance NAVERUSDT | 147.76 | 0 | get 0.0000% / 4h | 2h 20m | $108K | $214K | 20x |
| Short | Bitget NAVERUSDT | 147.84 | −0.1880 | pay 0.1880% / 8h | 6h 20m | $57K | $289K | 20x |
Binance NAVERUSDT
Bitget NAVERUSDTFunding 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
- −$394.8
- Price spread: +0.054% → −0.009%
- $6.29
- Slippage, 4 orders
- −$202.01
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$612.52
- Costs to cover
- 2.240%
- Break-even
- never at this rate
Slippage from Binance: live order book, 19 min ago; Bitget: live order book, 26 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, 19 min ago | 5.42 bp | 118.3 bp −$118 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 26 min ago | 9.49 bp | 46.9 bp −$47 | 103.1 bp −$1,031 | doesn't fit | doesn't fit |
NAVER on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Bitget NAVERUSDTshort | −0.1880% | 8h | 147.84 | +0.054% | $57K | $289K | 20x | |
| OKX NAVER-USDT-SWAP | −0.0313% | 8h | 147.25 | −0.345% | $10K | $34K | 20x | as long as short |
| edgeX NAVERUSDC | −0.0172% | 4h | 147.73 | −0.023% | $7K | $206K | 10x | as long as short |
| Binance NAVERUSDTlong | 0.0000% | 4h | 147.76 | long leg | $108K | $214K | 20x | |
| Bybit NAVERUSDT | 0.0000% | 8h | 147.78 | +0.014% | $20K | $17K | 25x | as long as short |
| Gate NAVER_USDT | 0.0000% | 4h | 147.87 | +0.074% | $78K | $28K | 20x | as long as short |
| GRVT NAVER_USDT_Perp | 0.0000% | 4h | 147.79 | +0.019% | $606 | $106K | 10x | as long as short |
| HTX NAVER-USDT | 0.0000% | 4h | 147.90 | +0.095% | $5K | $377K | 10x | as long as short |
OKX NAVER-USDT-SWAP
edgeX NAVERUSDC
Bybit NAVERUSDT
Gate NAVER_USDT
GRVT NAVER_USDT_Perp
HTX NAVER-USDT