Funding you earn now, next payment 12:00 UTC+0.0508%/8h= +55.6% APRpaid last 24h +0.245%
Price spread now: Binance against Bitget+0.209%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$182as in the Funding arb table
Net, price: spread back to 7d avg − costs−$197as in the Price arb table
costs, in and out, $10k−$2172.167% of the position
Funding, last 7 days+0.351%+$35 on $10k
+Price spread, last 2 days (all we have)−0.095%−$10 · spread now +0.209%, 7d avg +0.010%
=Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Binance is 0.199% dearer against Bitget than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.010%.
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 | Bitget NAVERUSDT | 148.13 | −0.0508 | get 0.0508% / 8h | 4h 51m | $55K | $289K | 20x |
| Short | Binance NAVERUSDT | 148.44 | 0 | get 0.0000% / 4h | 51m 55s | $107K | $235K | 20x |
Bitget NAVERUSDT
Binance NAVERUSDTFunding 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
- $106.68
- Price spread: +0.209% → +0.010%
- $19.9
- Slippage, 4 orders
- −$194.68
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$90.1
- Costs to cover
- 2.167%
- Break-even
- 12.9 days
Slippage from Bitget: live order book, 46 min ago; Binance: live order book, 33 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, 46 min ago | 13.44 bp | 53.0 bp −$53 | 124.4 bp −$1,244 | doesn't fit | doesn't fit |
| Sell Binance live order book, 33 min ago | 7.08 bp | 28.8 bp −$29 | doesn't fit | 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 NAVERUSDTlong | −0.0508% | 8h | 148.13 | long leg | $55K | $289K | 20x | |
| Binance NAVERUSDTshort | 0.0000% | 4h | 148.44 | +0.209% | $107K | $235K | 20x | |
| Bybit NAVERUSDT | 0.0000% | 8h | 148.25 | +0.081% | $18K | $19K | 25x | as long as short |
| OKX NAVER-USDT-SWAP | 0.0000% | 8h | 147.92 | −0.142% | $10K | $36K | 10x | as long as short |
| Gate NAVER_USDT | 0.0000% | 4h | 148.39 | +0.176% | $77K | $28K | 20x | as long as short |
| GRVT NAVER_USDT_Perp | 0.0000% | 4h | 148.44 | +0.207% | $114 | $111K | 10x | as long as short |
| HTX NAVER-USDT | 0.0000% | 4h | 148.79 | +0.446% | $5K | $376K | 10x | as long as short |
| edgeX NAVERUSDC | +0.0510% | 4h | 148.49 | +0.244% | $7K | $206K | 10x | as long as short |
Bybit NAVERUSDT
OKX NAVER-USDT-SWAP
Gate NAVER_USDT
GRVT NAVER_USDT_Perp
HTX NAVER-USDT
edgeX NAVERUSDC