Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.081%
Price spread now: Bitget against Binance−0.155%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$153as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1451.445% of the position
Funding, last 7 days−0.081%−$8 on $10k
+Price spread, last 2 days (all we have)+0.048%+$5 · spread now −0.155%, 7d avg −0.059%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.096% cheaper against Binance than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.059%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance PANWUSDT | 374.66 | 0 | get 0.0000% / 8h | 1h 35m | $511K | $766K | 25x |
| Short | Bitget PANWUSDT | 374.08 | 0 | get 0.0000% / 8h | 1h 35m | $174K | $376K | 20x |
Binance PANWUSDT
Bitget PANWUSDTFunding 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
- $0
- Price spread: −0.155% → −0.059%
- −$9.61
- Slippage, 4 orders
- −$122.53
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$154.14
- Costs to cover
- 1.445%
- Break-even
- never at this rate
Slippage from Binance: live order book, 57 min ago; Bitget: live order book, 65 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, 57 min ago | 2.94 bp | 18.4 bp −$18 | 68.6 bp −$686 | doesn't fit | doesn't fit |
| Sell Bitget live order book, 65 min ago | 15.01 bp | 62.4 bp −$62 | 83.0 bp −$830 | doesn't fit | doesn't fit |
PANW on 8 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 | |
|---|---|---|---|---|---|---|---|---|
| Binance PANWUSDTlong | 0.0000% | 8h | 374.66 | long leg | $511K | $766K | 25x | |
| Bybit PANWUSDT | 0.0000% | 8h | 374.31 | −0.093% | $326K | $325K | 25x | as long as short |
| Bitget PANWUSDTshort | 0.0000% | 8h | 374.08 | −0.155% | $174K | $376K | 20x | |
| QFEX PANW-USD | +0.0003% | 1h | 373.73 | −0.248% | $1.1M | $2.6M | 10x | as long as short |
| SunX PANW-USDT | +0.0100% | 8h | 374.14 | −0.139% | $823 | $613K | 10x | as long as short |
| HTX PANW-USDT | +0.0100% | 8h | 374.44 | −0.059% | $1K | $40K | 10x | as long as short |
| Gate PANW_USDT | +0.0217% | 8h | 373.09 | −0.419% | $67K | $5K | 20x | as long as short |
| Injective PANW/USDC PERP | +0.0220% | 1h | 378.50 | +1.025% | $6K | $38K | 12x | as long as short |
Bybit PANWUSDT
QFEX PANW-USD
SunX PANW-USDT
HTX PANW-USDT
Gate PANW_USDT
Injective PANW/USDC PERP